Broken Broker Incentives
Our team just finished a new tool that we wanted to share.
It’s a simple infographic titled “Broken Broker Incentives” that reveals one of the most costly aspects for employers – misaligned incentives between them and their health insurance adviser.
Most insurance brokers are paid commission based on the size of the premium. The problem is that means when their clients get a rate increase, the broker gets a raise.
Naturally, this is not an ideal arrangement for most employers which is why many prefer working with advisers who don’t get paid by the insurance company.
Check out this short video and click on this link to get the infographic!