How to navigate changing your employee benefit advisor.

Soctt Holcomb
Apr 22, 2015
3 min read

How can I change my employee benefits advisor? From time to time we hear this question so let’s answer it.

Can I change my benefits consultant at any time?

Answer. Yes..

You can change your benefits broker anytime you want during the year. A lot of people believe they can only make a change on their plans anniversary. As an employer you have the authority to appoint a new employee benefits advisor at any point during the year.

It is not necessary to change carriers, plans or premiums. You are simply naming a new broker to oversee and manage your account. You can remain with your current benefits and insurance carriers.

Why change?

Why would a company change their broker? It comes down to what is important to you and your organization and whether or not you are receiving the proper service and if that service aligns with your company goals.

Is your broker present or better yet does he or she have a presence that makes your business a better organization.

A recent survey by Zywave shows us what clients think is important qualities in a employee benefits advisor.

An advisor today has to be flexible there is no one size fits all plan. Just take for example the recent health care reform laws.

In a broker services survey, relative to health care reform and what employee benefits brokers can do to help their clients navigate these new rules, 96% of respondents said it was important that their broker provide them with legislative updates regarding the various provisions of PPACA.

91% said it was important that their broker provide their employees with easy-to-read briefings on how health care reform will affect them.

Do you know if you are in compliance with all employment-related laws? Does your current broker help you stay in compliance?

Accurate Insurance Solutions provides regular legislative briefings on the changing provisions of health care reform. Our agency also offers webinars to explain the intricacies surrounding new legislation to help keep you in compliance.

We have a series of flyers, posters and payroll stuffers to help your employees understand how health care reform affects them as well. You can access our health care reform legislative guide on your client portal and find answers to all of your health care reform questions as well.

If you can’t find the answer to a specific question, you’ll have access to a nationwide community forum to seek advice from your peers

Health Care Reform is just one of many areas a good benefits broker can help your company perform at a higher level.

Today’s benefits broker can help you;

Attract and retain top talent
Effectively help you communicate with your employees (newsletters, handbook, benefit statements)
Implement and maintain a successful Wellness Program to reduce overall health care costs and improve employee productivity
Create easy to understand plan design summaries to educate you on your options. Help employees become better consumers of health care

Accurate Insurance Solutions is a full service agency, employee benefit and HR consulting firm that offers solutions for making the right choice. We help educate and become the resource for your insurance needs.

Download our Health Plan Design Guide… it has the largest database in the country, consisting of 50,000 health plan designs from over 31,000 employers for 2014.

It will enable you to compare your plan design offerings against similar organizations and plans. The data is broken down by region, group size, and industry and plan type.