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Insurance Broker Compensation Disclosure

By Robert Gearhart on Aug 4, 2021 6:59:24 PM

The Consolidated Appropriations Act was signed into law in late 2020 and contained a provision that required health insurance brokers to disclose both direct and indirect compensation they receive. Unfortunately, the responsibility for obtaining the disclosure falls on the responsible plan fiduciary. Plan fiduciaries are required to understand the services provided and the corresponding compensation (both direct and indirect) paid to their service providers, along with identifying any conflicts of interest.

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4 min read

Is your insurance broker's compensation aligned with your success?

By Robert Gearhart on Aug 25, 2020 9:00:00 AM

Specifically, does the broker fee agreement align with the success of your health insurance offering, and help you hold your costs down while allowing you to successfully attract and hire the people you need to grow your company?

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