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Insurance Cost Management for Brokers

broker working with a client on insurance cost management
December 19, 2024

If you’re a broker, reducing costs like insurance premiums and deductibles can help you provide value to clients. Fortunately, you can achieve that through insurance cost management. This guide discusses the concept, including the benefits and the role of brokers. You will also learn common strategies, best practices and how The Difference Card helps. What […]

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Understanding Client Specific Needs

A broker having a discussion with a client to understand their specific needs
November 21, 2024

Every client you encounter will have a unique set of needs and requirements. While your goal may be to provide a similar service to all clients, it’s vital to tailor your offerings and approach to each client’s specific needs. However, clients sometimes struggle to express their needs or understand them fully. You may need to […]

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Client Retention and Acquisition Tips

client retention and acquisition tips
October 23, 2024

Your customers are essential to your company and its bottom line. Producers must find ways to increase their client base and foster the relationships they already have. Taking steps to attract and retain consumers is vital to your business. Below, we explore ways to improve these efforts and the benefits of having strong strategies. What […]

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Tailoring Health Insurance Benefits to Your Clients’ Needs

Tailoring health insurance benefits to client needs
October 23, 2024

In recent years, the health insurance landscape has undergone a significant transformation, with customization emerging as a key differentiator for successful insurance brokers. The growing complexity of healthcare needs, rising costs and evolving employee expectations have created a demand for more personalized health insurance solutions. This comprehensive guide explores how to tailor solutions and products to […]

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Cost Saving Strategies for Brokers

cost saving strategies for brokers
August 13, 2024

As an insurance producer, your pitch is most persuasive to prospects when you show them you can put together the benefits they need for their employees at the best price. Along with your expertise in finding solutions that align with their priorities, your ability to get your clients the best deals is core to your […]

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How to Help Clients Understand Open Enrollment Options

How to Help Clients Understand Open Enrollment Options
July 17, 2024

Open enrollment season is an important time of opportunities and challenges for employees. On the one hand, they can enroll in healthcare solutions that improve their well-being, job satisfaction and productivity. On the other hand, they may be intimidated and confused by the range of options and how to enroll. Nearly two-thirds of employees say their employer’s […]

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The Broker’s Forecast: Insurance Trends Shaping 2024

Broker forecast
June 10, 2024

The insurance industry has evolved over the years. Insurance providers and brokers must know the trends and continuously adjust operations to meet the market demands. Common strategies include adopting technology and expanding services to accommodate customer needs. While these solutions are generally helpful, brokers must implement strategies to harness their full potential. Producers who want […]

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What Is an ICHRA and How Does It Work?

Learn about ICHRAs
May 14, 2024

An individual coverage health reimbursement arrangement (ICHRA) is a flexible health benefits option, and it’s growing in popularity in 2024. It allows employers to reimburse employees for a portion or all of their health insurance premiums. Compared to traditional group plans, ICHRA health insurance suits employees who would prefer to choose their own health insurance […]

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How Technology Can Empower Health Insurance Brokers

Broker Speaks with Client
April 15, 2024

It’s no secret that technology has impacted almost every facet of modern life. One of the last industries to join this technological revolution is health insurance brokers, who often use paper-based processes or standalone systems. As more companies demand tools and technology that can help them serve a younger workforce, health insurance brokers must quickly […]

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How to Combat High Healthcare Costs

How to Combat High Healthcare Costs
April 3, 2024

American healthcare costs have always been high — yet the Centers for Medicare and Medicaid Services predicts they will increase by another 5% throughout 2024. Companies that provide job-based healthcare will feel the impact more severely, triggering them to shop around for better products. As a producer, you have the task of finding ways to reduce healthcare costs and […]

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