Employers often operate under the misconception that getting a better benefits plan means getting a new benefits plan.
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Traditional benefits plans have changed so little over the years that many business owners don’t even realize that changing their plan is possible.
Most benefits plans are treated as one-off annual expenses, and the result leaves business owners paying more and more every year for the same benefits.
When many business owners look at how much they spend on benefits, the costs seem so astronomical that creating significant savings can seem impossible.
Although your company’s benefits plan most directly impacts your employees, many workers are surprisingly uninformed about the details of their own plans.
When business owners start searching for benefits brokers, many are (rightfully) focused on cost.
Health benefits have traditionally been treated as a burden rather than an opportunity.
Even though your employees pay for and receive their benefits, traditional benefits plans often leave them with little to no control over their own plans.
Under a traditional benefits plan, your employees may be getting healthcare options they don’t need at the expense of options they do need.
As renewal time rolls back around, many business owners may have found themselves frustrated once again at how much money they were spending on high-cost, low-quality benefits.