The Role of Group Medical Insurance Brokers

Group medical insurance stands as a beacon of employee benefits, offering valuable advantages to both employers and employees. A group medical plan involves not just the provision of traditional health benefits but includes features such as negotiated discounts, wellness programs, and telehealth services at an affordable cost. For employers, these plans are essential tools for talent acquisition and retention. However, navigating the complex landscape of group medical insurance can be formidable. That’s where the pivotal role of group medical insurance brokers comes into play, with creative thinking such as; tenure of employment, classing of employees and MERP 105, c,h. In the last 15 months, most brokers have not advised clients that the employer is only responsible to share premiums in the lowest medical plan option, not the buy up plan.