Plan Balance

The quickly evolving employee benefit regulations have made planning and financing employee health benefits more challenging today than ever before. There are new products, approaches, and efficiencies being introduced almost weekly, and it can feel overwhelming to stay up-to-date.

These new developments are creating challenges in choosing the right TPA, Stop Loss carrier, and other Point Solutions—choices that can have dramatic effects on the cost and efficiency of the plan. Brokers and consultants need to know these “best-in-class” services to deliver the right balance of cost and quality to their clients.

And with all these rapid changes to the industry, there are new challenges to you as a broker or consultant. Are all revenue sources being disclosed? Are all vendor contracts free of "gag clauses?" You need to be prepared for this "new world," and be able to demonstrate fluency in the changes with your business partners and clients.

It is not ALL about balance, but finding the balance between cost, quality, and HR disruption is one of largest hurdles in benefit planning—after the decision to Self-Fund, of course!