Business Benefits: What Is an Employee Benefits Broker and How They Can Help You?

The human resources department has an essential role in a company’s ability to recruit and retain employees, maintain a healthy workplace culture and environment, and improve the company overall. HR can determine which employee benefits will allow employees the most support and resources. Sometimes this process can be achieved with the help of an employee benefits broker. This is a role developed to guide companies in developing and maintaining their most cost-effective employee benefits packages.

An employee benefits broker understands the insurance market and advises companies on which employee benefits packages are best for that organization. They are experts in health, dental, vision, life, and disability insurance. When you work with an employee benefits broker you can expect them to be knowledgeable of the latest developments within the insurance industry. This includes information about compliance, taxation, and legal issues.

How an Employee Benefits Broker Helps Your Business

An employee benefits broker will meet with a company’s human resources department to talk about what the company’s needs are and what risks they face. There are other things an employee benefits broker may do to help a business:

Compliance information – Employee benefits brokers can help businesses make sure they are compliant with federal and state regulations. This can include standards set by the American Care Act, the Employee Retirement Income Security Act, and other related organizations.

Lowering costs – You can learn how to reduce total premiums and other cost containment strategies from an employee benefits broker.

Employee education & communication – Receive assistance with educating employees on their benefit options and helping them sign up for the benefits they want or need.

Contract review/negotiation information – Employee benefits brokers can have great relationships with benefit providers to assist your business in getting the best deal possible. Their understanding of insurance can help your business receive insurance solutions tailored to your business’s needs.

Problem resolution – Some brokers can be middlemen between employers and insurance providers. This can be beneficial while working through claims or other processes involving benefits.

Wellness plans –  A broker can instruct you on how to establish a wellness plan for your employees. If you get your workers to participate in the plan it could reduce the number of days employees have to take off work for sick time. It may also improve productivity.

Benefits Tailored for Your Business

As one of Florida’s leading HR consulting firms, Alltrust Insurance can help your business with all of your HR needs. Our team will work with you to develop your employee benefits package, control costs, and provide the best outcomes for your employees. Alltrust also offers an in-house claims specialist that helps our clients and their employees recoup healthcare costs in the case of any escalated claims issues with the insurance carrier.

Please contact us to learn more about our services. We can assist businesses of any size, from two employees or more. Alltrust will guide you toward customizable options that directly benefit your business’s needs.


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