Outsource expertise you may not have in-house.
Having a broker is like outsourcing an HR department. Most small businesses don’t need or don’t want to bring this amount of expertise in-house. A broker will handle many tasks for you throughout the year, including:
- Carrier selection, plan design, network evaluation and employee interface
- Employee education, enrollment, renewals, claim resolutions, billing disputes, additions and terminations
- Compliance with IRS regulations and knowledge of COBRA and state continuation rules
- Many administrative details at renewal time, one of the busiest times of the year for HR departments
For little or no cost, a broker becomes your advocate.
Brokers generally work on commission from insurance companies and will help you obtain the best benefits and coverage at the lowest possible cost.