When it comes to your group benefits, you shouldn’t feel like you have been left in the dark. At Schmidt + Funk, we believe transparency is the key to making informed decisions when it comes to structuring a plan that is financially sustainable as well as extremely valuable to your employees. These days the Group Insurance industry has become more commoditized in terms of the plan designs, what benefits each can offer and the turnaround times for claims and service. Financially, however, there can be drastic differences between the different insurance companies and the different structures available.
Do you know what your Target Loss Ratio (TLR) and Trend Factor are? What about what the commissions charged by your Consultant? Do you know the difference between paid and incurred Claims? These are a few questions we feel you should know the answer to.
We will bring clarity to your benefits program through transparent, in-depth analysis- just give us a call!