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Technology is the most vital issue for benefits brokers today, says Andrew McNeil of Arrow Benefits Group, a benefits consulting and brokerage network.
“The benefits advisory arena is graying and getting older and a lot of people that we see are not embracing technology when clients want it,” McNeil says.
Brokers are urged to read the fine print on stop-loss contracts to ensure adequate coverage is in place, and have clients pool risk whenever necessary.
Technology can help brokers offer employer clients and their workforce a better benefits renewal and navigation experience.
The next era of advisory practice will belong to those who combine holistic guidance with integrated insights and actionable strategies.
The healthcare system will not change itself. Progress will come from employers and advisers choosing to break old habits and build something better together.
Even after accounting for income, Black Americans still trail in retirement savings, according to a recent EBRI study.
