Most employers do. Many group plan members have better government or private market options than your group plan, but they don't take them. They just stay on your group plan, saddling you with unneccesary liability. Here is why:
There are many misconceptions about nongroup health insurance. This prevents the right information from getting to your members so they can make the best decision.
Because it is hard for your members to get the right information and they have had group insurance for so long, inertia often causes them to just stay on your plan.
Insurance brokers generally educate people about all the different options. But because individual commissions are so low, it is not worth the time for most brokers.
It is not just a financial decision to come off of a group plan, but often also an emotional one. Your members need confidence their new plan will have them covered.
Our BerniePerks program ensures you're doing more than just hoping not to get hit with a $1 million COBRA claim. By leveraging our healthcare retail stores and expert advisors, you'll be proactive about limiting liability. Here is why:
Our advisors are individual health insurance experts. They make sure that the right information gets to your members.
We will work with you to help explain the other options your members have, and can even reach out to members who we believe may have better individual options.
Our advisors are salaried, so their only agenda is helping your plan member find the best option. It is worth our time to help your people.
Because they now have a trusted advisor, your members will feel confident when the time is right for them to leave your group. This will save you money, and time.