Broker Myth &
Misconceptions:
The single biggest misconception that most
employers have, is the assumption that their
current broker is obtaining the best
possible result on their behalf. Too many
times to mention, we have heard a
prospective client say that their current
agent has "all of our bases covered". Our
question to you is how can you be sure ?
Oftentimes, businesses confuse their current
brokers ability to access all insurance
carriers / administrators / products, with
the actual experience and expertise of
knowing what to do with all of the
information available. The group health
insurance industry is becoming more complex
and challenging every day, and few have the
skills necessary to navigate through all
viable alternatives.
Lastly, there is the issue of bias and
compensation. It is truly amazing how many
employers have absolutely no idea how much
their current broker is being compensated,
or how much their agency may be receiving in
bonus compensation to "keep your account
where it is". As a prospective client, do
you not think this may play a part in their
recommendation?
If
you are really concerned about the
escalating cost associated with sponsoring a
quality benefit plan to your employees, and
earnestly want the best possible advice
available at the lowest possible cost,
consider allowing us the opportunity to
explain the superior performance advantages
of our outcome fee based advising option.
To
understand the unique value proposition we
can bring to your business, thoroughly
review
The GBS Advantage
and
The GBS Guarantee