What is an Employee Benefits Broker and Why do you need one?
An employee benefits broker helps companies find the best deals on health insurance, retirement plans, and other such services that can help attract and retain top talent. These brokers also offer a range of complementary services that can make life easier for employers such as payroll processing, HR consulting, and tax preparation.
How Employee Benefits Brokers can help with Amazing Use Cases?
Employee benefits brokers help their clients with amazing use cases. They can help them select the best plans for their employees, negotiate better rates and more.
Benefits brokers are a type of third-party service provider who helps companies to manage their employee benefits plans by providing advice and services such as evaluating the benefits plan, negotiating with carriers, and selecting the plan that is most suitable for your company’s needs.
The use cases of benefits brokers are:Â
1) Helping employers to find a plan that is right for themÂ
2) Helping employees choose the best planÂ
3) Negotiating better ratesÂ
4) Providing expert advice on retirement planningÂ
5) Helping employers get their employees’ consent on health care changesÂ
6) Helping employees find and compare health insurance policies
7) Providing information on the options available to an individual
8) Helping individuals find and compare health insurance policies
9) Providing access to low cost dental plans
10) Organizing financial advice
How to Choose Which Employee Benefits Broker that Fits your Needs?
The best way to choose which employee benefits fit your needs is to be up-front with your company about what you want. This will help them better understand how to tailor the benefits package for you.
When it comes to choosing an insurance plan, there are a number of factors that should be taken into account. You should know what the plan covers and what it does not cover. It is also important to know how much it costs and the deductible. You should also consider the cost of premiums and deductibles over time, as well as any additional fees that may be incurred throughout the year.
Benefits are a crucial part of an employee’s compensation package, so it is important that they are well-informed about the benefits available to them. This is where a benefits broker comes in.
Things to Consider When Choosing an Employee Benefits agency
The benefits industry is constantly evolving and adapting to the changing needs of the market. As such, there are a number of benefits agencies out there who are looking to help you with your business. But what are the things that you should consider when choosing an employee benefits agency?
- Do they have experience in the type of business you’re in?
- Do they have a track record for providing top notch service?
- Are their rates fair and transparent?
- What is their success rate like?
- How long has their company been around for?
Here are the Top 5 Employee Insurance Brokers in Dallas Fort Worth Texas :-
1. Holloway Benefit Concepts
HBC was founded in early 2011 by Ryan Holloway. After serving over 8 years on active duty in the US Marine Corps, Ryan transitioned from being a full-time marine into an HR professional in early 2003. This began a journey and awoke a passion for helping companies who value their employees. After spending time working with a COBRA and FSA Administrator, an insurance company, and a large brokerage, Ryan realized that there were more unique and creative solutions for businesses than other companies were willing or able to realize. Seizing on his own entrepreneurial spirit, Ryan set out to found an independent agency designed to provide unique and original insurance solutions.
2. HealthGuys
HealthGuys provides comprehensive insurance solutions to the individual and self employed markets. HealthGuys professional agents consult with the customer to help them understand the many options available and then help them select the best insurance product to meet their needs. They are a sales distribution company licensed in over 40 states centered around a culture where the agent is their #1 asset. They provide comprehensive insurance solutions to the individual and self employed markets. HealthGuys professional agents consult with the customer to help them understand the many options available and then help them select the best product to meet their needs.
3. Hawkins Insurance GroupÂ
Hawkins Insurance Group is a family-owned insurance agency run by a husband & wife team, Jonathan and Emily Hawkins.
They are both graduates of The University of Texas at Austin and live in Fort Worth, TX. They’re passionate about finding great insurance options for you, as well as providing you with the knowledge to make the right decisions for you and your family or business.
In the last 10 years, they’ve helped well-over two thousand clients better understand their available options and helped save them countless dollars while maintaining or improving their original healthcare coverage.
They understand that insurance is always changing and can be very confusing and aim to stay ahead of the curve so they can advise you what’s around the corner.
4. Insurance4Dallas
John (Rick) Thornton founded the Thornton Insurance Agency, LLC dba Insurance4Dallas. Rick has a degree in Mechanical Engineering and an MBA in business strategy from Carnegie Mellon University. He got into the insurance business after being diagnosed with cancer and having few health insurance options to retreat to.
The Thornton Insurance Agency, which uses Insurance4Dallas.com (I4D) as its URL, is an online source of health insurance for individuals, families and small businesses. Insurance4Dallas removes the intricacy out of selecting medical insurance by providing data in an objective, easy to read format, enabling the research, analysis, comparison and purchase of health and life insurance products that best meet consumers’ needs.
Rick has been selling insurance since 1986, and what sets him apart from other insurance gurus is his insistence on customer satisfaction and ensuring no one else should go through the issues he experienced.Â
5. USA Health Insurance
USA Health Insurance is a family owned business that has been serving their clients since 1996. They credit our success to their desire and ability to be trusted advisors to their clients. With Ted’s designation as a CFP and Sally’s designation as a CPA, they have the expertise to provide you with advice that makes the most sense based on your individual or your business’s financial goals and objectives.
They strive to be your partner for life as you navigate the best health care for yourself or your business.
Conclusion – The first step is to find the right broker for your company. There are many benefits brokers out there, so it’s important to know what you want and need in order to make an educated decision. If you own a business in Dallas Fort Worth, Texas or nearby and looking for an insurance plan, do contact Employee Benefits Brokers for Small Business.