Hiring an Employee Benefits Broker

Why is it Important to Create a Varied Benefits Portfolio for Your Team?

Working with benefit brokers allows for custom employee benefits administration solutions tailored to employees’ needs.
Benefits brokers can help companies identify the benefits packages that best suit their needs.

Employee benefits brokers provide information about benefits, such as healthcare, retirement, and workers comp.
Brokers provide compliance information to ensure that employers stay compliant with the Affordable Care Act (ACA), Employee Retirement Income Security Act (ERISA), and other regulations.
Provide advice on how to minimize costs and reduce premiums.
Help companies create an employee communications strategy as it relates to benefits and enrollment.
Provide assistance and resolve problems with claims or benefits administration.
Work with employees who have questions about their benefits and coverage.

Benefits brokers are fantastic sources of information about coverage, cost, plan comparison and healthcare compliance.
Should you decide you need a custom package, they can help piece that together, saving the business owner or HR team valuable time.
Benefit brokers can help with contract review and negotiation with benefit providers.
Provide advice on changes to benefit packages based on your employee needs, demographics, and internal analysis.

While an individual provider or vendor often has blanket or general policies, a broker can help piece together custom insurance plans which address the specific needs of your employees.
Brokers can act as a supplementary source of information when employees have questions about their policy that your team is unable to answer.
Brokers can help employees to better understand their claims and coverage.
Provide additional education to employees about their benefits and options.

Rather than pay for components of a general insurance plan that your employees may never use, build out a custom policy that reflects your employees’ needs.
Brokers are your ongoing point of contact to introduce new benefits products to you over time, allowing your company to be a more competitive employer and a better place to work.
Brokers can provide advice on changes to benefits packages that help companies to minimize total costs.

Take time to assess employee needs. Do your employees need flexible spending accounts? A retirement plan? Healthcare coverage? What’s most important to them?
Work closely with your employees to better understand their needs. Working with a benefit broker to conduct internal analysis can help you to better refine your benefit offerings.
Analyze and understand your existing benefits and claims. Better understand how to navigate and work with your workforce to find the right solution.

At Paypro our employee benefits brokers have over 100 years of combined experience in the industry. Their willingness and ability to provide a solution customized for your company sets Paypro above the average broker to give your employees exactly what they need while your company stays within budget.
When you integrate our HCM software solutions with a Paypro broker you initiate immediate time and costs savings but removing much of the manual work from HR.
A broker that has knowledge of how employee leave, payroll, and other critical functions at your company work can help right size your benefits solution.