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 … Read More
When is it Time to Kick Your Employee Benefits Provider to the Curb?
When to change benefit carriers? The quick answer is only after you’ve exhausted all other avenues with your existing carrier. Many brokers will paint this portrait of changing to their carrier will be less expensive, better service, greater satisfaction levels for employees and a vast improvement over your previous supplier. Reality is often a much different scenario. In fact, … Read More
What are the 9 Obvious Signs You Should Be Firing Your Benefits Advisor?
It ceases to amaze me that in this day and age that some benefit advisors still have clients or are holding onto their clients using the same approach that they’ve used for the past decade or longer. So when is it that you should look at changing benefit advisors? A case in point. I had a meeting with a new … Read More
Wondering What it Takes to Stop Changing Benefit Providers Every Year?
Over the past couple of decades, employee benefits have increased in importance and have become a critical part of employee compensation programs. Employees are using their dental, prescription drug, paramedical and vision coverage at record levels. 3 major factors contributing to the increases in benefits costs are: Aging – As we get older, we use more health care products … Read More