Why do Brokers benefit by working with Niche Benefits?

Niche Benefits is a Master General Agent for a number of excellent A-rated insurance carriers.

• LEVEL COMPENSATION - Brokers get paid consistently, month after month with Niche Benefits' Level Compensation.
• MORE SALES - SOLUTIONS PROVIDED - Brokers can focus solely on sales, because Niche provides benefit solutions from the simple to the complex while relieving them of service issues.
• FLEXIBILITY & LESS COSTS - Offer custom, quality medical benefits at less than traditional costs
• WIN-WIN -Intelligent Benefits designed for your clients and their employees.
• VIEW SAMPLES - Examples of your Niche Benefits Solutions

Level Compensation

Various health, dental, vision, life and other client specific benefit programs can be offered with compensation that is level to the Broker. It is possible with some carriers to adjust compensation as requested by the Broker. The same compensation will be paid on a monthly basis as long as the employer contract is in place and premium has been paid. The compensation is the same with or without employer contributions towards the client benefit program (s) being offered.

Focus on sales, not service

NICHE BENEFITS specializes in working within the broker community as a true "broker advocate". This means that Niche Benefits assists brokers in analysis of products available, creating solutions for complex issues for employers, associations, 1099 contractors, franchisees and others, closing the sale ( if requested), and most importantly provides complete administrative services so you can focus on selling and not wasting time with service issues.

Niche Benefits offers administrative support by working directly with a number of full-service third-party administrators (TPA). The TPAs are licensed and bonded organizations that specializes in the design, administration, and implementation of customized limited-benefit medical plans (mini-med plans) and self funded plans for employer groups throughout the U.S. This means Niche Benefits can offer the following:

• Custom Designs
• Implementation
• Customer Service
• Enrollment: Call Center, Internet and/or Paper
• Consolidated Billing: weekly, bi-weekly, monthly
• Effective Dates: weekly, bi-weekly, monthly
• One ID Card
• One Toll-free number for all employee communications
• Full COBRA administration

Limited-benefit Medical Plans offer low-cost solutions to the employers and employees

Many employers and employees simply cannot afford comprehensive medical plans, the ranks of the uninsured employees is growing by nearly a million people per year . Employers that cannot contribute to the health and well being of their employees are finding it increasingly difficult to attract and retain quality employees, and are experiencing profit-eating emloyee turnover costs.

Niche Benefits specializes in Limited-benefit medical plans, or mini-med plans, which let you offer your client the ability to achieve both business and employee-centric goals. By offering quality group medical insurance at a fraction of the cost of comprehensive health plans, these customized healthcare plans can deliver the medical benefits most frequently needed and used by many of your clients’ employees. Limited-benefit medical plans do not cover rare illnesses or catastrophic injuries. Instead, they provide for the everyday medical expenses many employees need the most — doctor visits, prescription drugs, hospital stays, accidents, surgical procedures, emergency room with additional health care services as well.

Additionally, Niche Benefits offers multiple product offerings which are complimentary to the limited- benefit medical plans, to achieve completely custom plans and levels of contribution for your clients.

Intelligent Benefits for Everyone

For The Employees

Affordable, Quality Physician Care. This fully insured medical plan,
in conjunction with national and regional PPO networks, results in
employees having little or no out-of-pocket expenses when receiving
everyday medical care.

Guaranteed Issue. Employees or their eligible dependents won't be
turned down for coverage during the open enrollment period under a number of the A Rated insurance carriers that Niche Benefits works with.
Flexible Plan Cost. The Plan Of Benefits can be designed to deliver
meaningful benefits ranging in cost from $50 to $200 per employee
per month.

Customer Support. One convenient toll-free number provides
bilingual customer support for members or employers through the
Third Party Administrator.

Peace of Mind. Giving the employees access to medical services
provides peace of mind that comes from knowing their day-to-day
medical needs are covered.

The Client Advantage

Competitive Advantage. Not all employers offer specialized
healthcare solutions for their employees. A limited-benefit medical
plan can give a competitive advantage by providing a healthcare
program at an affordable cost to their targeted employees.

Lower Turnover Rates. Companies that offer benefits beyond the
weekly paycheck have lower turnover rates. When employees have
healthcare support, they feel less stressed and more secure. They
perform better on the job and stay longer with their employers.

Easier Recruiting. Having healthcare benefits in place helps your clients
recruiting effort. Why? Because better employees are attracted to
companies with healthcare benefits — it’s a competitive differentiator
in making a positive first impression on job candidates.

Administrative Simplicity. Niche Benefits working with sophisticated Third Party Administrators has made offering employee healthcare benefits simple, cost effective, and valuable — from trouble-free enrollment options and comprehensive administrative support to advanced claims processing and one consolidated bill.

The Broker has as much or as little involvement in the administrative process as they desire.  The coordination between the TPA and the employer is critical to the successful implementation of benefit programs.