Boca Benefits Consulting Group Inc.

BBCG’s blog is back up at 12:00 noon 4/15/2010. We are trying a different look on this blog concurrent with the conversion to the most recent version of WordPress. It is cleaner and easier for a new user to navigate. We also feel it is just a lot easier to read due to its font and layout. Let us know how you like it!

Boca Benefits Consulting Group Inc. can provide a FREE customized employee benefits web portal for mid-size and smaller employers which to date may have felt was beyond their reach. Built to employer specifications in conjunction with BrokerSuite technical, HR and benefits specialists. This is a value added service provided by BBCG to clients, and soon to be clients. The below link is an HTML version of a PowerPoint presentation. It has been optimized to run on IE6 or above browsers. Click the Slide Show icon on bottom right of main pane to activate. Click the “Outline” recessed button on bottom left of main pain to close outline notes. Slides can also be advanced manually by clicking arrows in center bottom of main pane. Please email the author if a disk version of the PP presentation is required. See http://bocabenefits.com for additional contact information.

Link to slide show

We have indicated to our clients and colleagues for some time now that many employers do not receive adequate return for the investment they make in providing the financial/administrative platform for brokers and carriers to make direct sales to their employees. We have written more extensively on this subject in several of our The Insight e-newsletters. Issue 08.5.2 can be viewed directly by clicking here. We can also provide a copy via an email request to editor@bocabenefits.com. Our entire e-newsletter archive is available by clicking here: e-newsletter archive. A summary of our thoughts is below:

• Make sure you receive some level of service from the commissions earned by the broker on the voluntary benefits that are sold to your employees. You should know what the commission loads on the products are and if you are properly sharing. It is not uncommon for top brokers to forego over half the commissions payable via splits with service companies that bring added value to the client.
• Most often these are one-on-one enrollment services provided by a third party vendor and associated communication pieces.
• Communications are uniquely designed specifically to deliver the messages you want going to your employees.
• Voluntary enrollments can be packaged with your core benefit enrollments and the data can be electronically uploaded to your core benefit carriers.
• If you are presently using a voluntary benefits carrier that does not provide these kind of services, BBCG can assist you with a change.

We have been strong supporters of using broker commissions on voluntary benefits to finance on-site, laptop-captured, enrollments and communications packages provided by specialty companies. There are Read the rest of this entry »