If you think the benefits industry is child’s play, you’re mistaken. I’ve listened to a number of benefits brokers “pitches” and if I find their approach confusing then chances are you will too! It’s not difficult to see that the biggest mistakes made on benefit plans are due to misinformation and the self-serving needs of the benefits consultant.
Get a second opinion! Remember initial cost does not represent long term value and a sustainability solution.
Remember that there are two costs to your benefit plan; the cheque you pay for today’s premiums or claims and the internal cost of administering the plan.
Here are 10 things that you need to question or scrutinize your benefits broker on:
|