As their broker, your role is essential in helping them safeguard the heart and soul of their company…their employees.
Each and every day you go above and beyond for your clients. With your knowledge and experience, you carefully assess their needs and goals to ensure they have the best employee benefits products for their business.
Your clients chose you because they believe that you will always have their company’s best interest in mind, and you know that staying on top of the latest industry trends will help keep your clients ahead of the game.
The landscape of employee benefits is rapidly evolving thanks to technology and unpredictable shifts, such as the succession of impacts seen from the pandemic.
In this article, we will cover three cutting edge employee benefits trends that you will be glad you know. These trends have the potential to profoundly affect the health and well-being of your clients’ employees and their families—the very heart and soul of every company.
Providing employees with vital benefits, like health insurance, is a continuous battle for businesses, especially small ones. Thanks to the Affordable Care Act (ACA), more people have access to more affordable insurance. Unfortunately, “affordable” is a relative term.
While the ACA has pros, small business owners have found it increasingly difficult to find anything affordable about it. Ever increasing ACA rates have cast coverage into the unaffordable category for many small employers.
Level-funded and reference-based policies offer a bridge to affordability and an opportunity for annual savings. They operate with a level premium, meaning businesses can ensure the benefits they offer don’t spiral into unaffordable premiums.
Have you discussed voluntary benefits with your clients? Brokers versed in and offering these benefits can assist their clients by:
Most employers believe they offer benefits that meet their employees’ needs; however, employees often feel like their needs are not being fully or adequately met. There is a disconnect between workers and managers, which is where you come in.
In truth, supplemental benefits can be added at no direct cost to your clients. For employees, voluntary benefits offer access to group rates that are often bigger and better than plans via a third party.
It’s a win-win that will put your clients out in front, making them more appealing not just to their current employees but also prospective ones.
The most popular voluntary benefits include:
Financial Education Voluntary benefit eligibility in influenced by federal, state and/or local laws. There are also other eligibility factors to consider. Are you well-versed in the ins and outs of voluntary benefits and how they can benefit your client?
Today’s benefits packages offer more than ever before. That means that you can offer your clients the best of the best, and you need a general agency that can provide you top notch support and resources. With these, you will become invaluable to your clients and crucial to their future success.
We invite you to connect with one of our broker growth ambassadors and supercharge your business, making it more profitable than ever before. Choice Insurance Agency is your one-stop-shop for broker services, technology solutions, training and more.
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