Employer Feedback on Broker Fee Disclosures and New Transparency
Groundbreaking legislation took effect on December 27, 2021 however, 36% of employers still haven't received communication from their employee benefits broker.
New protections in the No Surprises Act, part of the Consolidated Appropriations Act of 2021, now require the disclosure of health insurance “surprise” balance billing to eliminate out-of-network charges for employees. Additionally, insurance brokers and advisors must disclose fees and compensation earned to employer clients.
In light of these historic changes, Mployer Advisor sought to better understand how brokers communicated these reforms with employers and, simultaneously, to gauge employers’ reaction to the new mandates.
Download our white paper now for an exclusive and timely look inside the minds of HR managers and leaders across the nation.
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Inside you’ll learn:
- A comprehensive breakdown of Mployer Advisor’s survey results, including how employers feel about the new broker fee disclosures.
- Data-driven insights, charts, and analysis based on the survey’s findings.
- Best practices and recommendations for insurance brokers and advisors