Choosing a Benefits Advisor
Choosing the right benefits advisor to help you plan, design, and implement your employee benefits plans is an important choice. Employee benefits programs are often one of the top three expenses a company incurs. It is, therefore, important to select a benefits advisor who understands your business needs and can help you make the best choice for your company from both the human resource and financial perspectives.
Why would I want to change our benefits advisor?
As you consider which benefits advisor is best for you and for your company, we suggest you to consider:- The Cost of Your Current Benefits Plans: Healthcare costs have increased by double digits since 2001 causing companies to absorb significant costs in order to protect employees and their families. Additionally, employees have had to incur greater out of pocket costs. A knowledgeable and creative benefits advisor can help you select plans that help your company save money while still offering your employees high-quality benefit programs.
- Service: Employees deserve answers to questions especially when it impacts their and their family's health, so you need an advisor with depth beyond sales; you need a firm with a client service team who understands the industry and the specific personality of your company, someone who is there for you on a day-to-day basis acting as your advocate.
- The Complexity of the Benefits System: With the introduction of Health Savings Accounts (HSAs), the health benefits market has become more competitive and more complex. HSAs offer greater flexibility for employees and significant cost savings for companies, however they are not easily understood and accepted. Only a proactive, forward-thinking advisor will know the intricacies of HSAs and be able to explain them to your employees in a way that allows them to take full advantage of this revolutionary new healthcare program.
