Let’s be clear about this; transparency and disclosure of compensation is a sign of the times. Some industries work on this premise. It helps to earn trust with clients and ensure that you’re making recommendations because it is in your clients’ best interests and not your own. So how much do benefit consultants get paid? I’m not going to … Read More
Why is the EP3 Drug Pool Pushing Companies Back To Insured Benefit Plans?
Many companies have been introduced to ASO plans over the last few years by brokers and carriers. ASO plans can greatly reduce administrative costs, and if a company sets up its benefits plan design can minimize a client’s exposure to unnecessary cost and abuse. But are insurance companies deliberately trying to push clients back to insured benefit plans with the EP3 Drug … Read More
Is Your Company Benefits Plan In The Wrong Benefit Funding Model?
When you’re looking at your employee benefit plan, it’s important in understanding the benefit funding model available to you. First of all, you need to understand what a funding model is as it relates to your employee benefit plan. For our purposes, we will focus on the options most readily available. Many benefits brokers don’t offer options on funding models. … Read More