Why Most Employee Benefits Brokers Aren't Helping You Save

When it comes to managing health plan costs, most employee benefits brokers are selling you short. Here's the truth: too many brokers choose the easy route, negotiating slightly lower rate increases every renewal and calling it a victory. Meanwhile, you're stuck in a system that benefits carriers far more than it benefits you.

The standard broker model rewards doing the minimum. Brokers earn more by keeping you in the fully insured market, where carriers win big, and you keep footing the bill. The result? Your costs go up year after year with "acceptable" increases, and you feel stuck.

But what if you're an ideal candidate for self-funding?

Alternative funding strategies, like self-funding, offer major savings opportunities for the right employers. But they require expertise, dedication, and readiness to make changes. Many brokers avoid this path - it's easier to handle basic renewals, keep you in a fully insured plan, and skip the extra work. But easy doesn't save you money.

This approach can turn employee benefits from a cost burden into a business asset. If your broker isn't showing you how to cut costs through self-funding, it may be time for a change.