The Quiet Revolution
in Employee Benefits
A paradigm shift is underway, and it is time to rethink the benefits industry. National health care reform and compliance issues are driving profound change. Meanwhile, a quiet revolution in employee benefits has unfolded. Inflation drives up the cost of medical coverage and out-of-pocket expenses each year, and workers need expanded family benefits. The result of all this is that the demand for voluntary benefits has mushroomed.
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Tools to Extend Benefits
& Control Costs
Individuals prefer to do their financial planning at the work place, and employers can extend benefit offerings without extra costs, or in a pinch, reduce benefits to control their budget.
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The Timing is Right for
Agents & Brokers
What does this mean for your agency? Many brokers and agencies have developed group benefits departments that generate new revenue streams, which typically increase each year, even when other lines of business lose ground. Group brokers and consultants can do the same thing with voluntary benefits.
Since your clients trust you, they typically prefer to deal with you rather than a one-size-fits-all provider. The timing is right to capture the voluntary benefits business for existing clients, and increase your bottom line by 25-50%.
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