The brokerage team’s efficiency in managing a company’s health insurance accounts is crucial. Their role involves advising on plan selection during renewals, based on the company’s goals.

The misconception that the size of a brokerage influences health insurance rates is inaccurate. In reality, rates for fully insured health plans are set to be the same for all brokerages, as mandated by the industry. This ensures that regardless of a brokerage’s size, the rates offered for equivalent plans remain consistent, fostering fairness and competition in the market. This system allows both small and large brokerages to operate on an equal footing, with the goal of offering fair health insurance options to all businesses.

The broker’s ongoing service commitment and their ability to respond to issues throughout the year set them apart, making them an essential extension of the HR team and a valuable link with insurance providers.