Tips for Selecting the Right Employee Benefits Broker
Companies spend a lot of money on employee benefits. A recent report released by the U.S. Bureau of Labor Statistics found that benefits accounted for 29.8 percent of employer costs. While most employers understand the importance of offering benefits, many aren’t sure how to go about finding the best options for their business. Unfortunately, employers might not know they have multiple choices when it comes to choosing their health plan. These employers could benefit from speaking with an experienced employee benefits broker.
Look for an Experienced Benefits Broker
When it comes to choosing the right employee benefits specialist, it’s important that employers look for a benefits broker with years of experience. The benefits broker should have the resources and know-how to customize employee health plans to meet the needs and goals of each organization they work with.
Employers should avoid partnering with a benefits broker that simply shops around for the best price. While the plan might look good on paper, it’s not uncommon for employers to find they have little to no visibility or control over how their healthcare dollars get spent. This can create serious problems for the employer. Without complete transparency, employers cannot properly manage their healthcare costs.
Coverage & Support for Employees
Serious illness and accidents can occur at any time. These life changing events often happen when we least expect them. The right employee health plan not only helps employers manage healthcare spending, it protects the health and well-being of employees and their families.
With so much at stake, it’s crucial that employers take their time locating a qualified benefits broker. The right broker will ensure employees not only have all of the coverage they need in a major event, but the resources and support they need as well.
Specialties
Most employers find the process of selecting a benefits package confusing. It’s important that employers locate a broker with experience in multiple areas. This is the best way to ensure the most comprehensive plan.
Excellent Customer Service
The right benefit specialist becomes a trusted partner of the business. They do much more than just help employers locate the right benefit plan for their business. They work as an extension of their HR team. Excellent benefits brokers help employers better understand their health plan and educate their employees.
Employee Benefits Specialists in California
MEBO works directly with organizations to analyze their needs and develop a comprehensive benefits plan. Our staff has years of experience assisting employers in a wide range of industries. Our solutions help employers increase transparency and reduce financial risk. Please contact us for more information or to schedule a consultation with one of our benefits specialists. We look forward to hearing from you.
