Brokers - Model Conusling

Model Consulting was founded on the principles of partnerships and relationships to build our strong inforce base of clients. Many of our clients are derived from established relationships. We utilize an extremely fair and standard compensation arrangement and our growth attests to the success of our compensation terms.

We continuously cater to, and seek, new relationships so that we maintain our lead position for providing superior service and proactive consulting.

Access to the employee benefits expertise of Model Consulting immediately builds your financial services portfolio. No additional expense, overhead or investment is required. As a partnered broker, you will realize immediate profit opportunities for business clients that are referred to, and work with Model Consulting for benefits consulting services. All revenue is recurring and auxiliary referrals add to your recurring compensation base. And most importantly, you and your clients will enjoy a strong professional relationship with Model Consulting resulting in better value for group benefits services.

Compensation

Model Consulting accepts commissions from insurance carriers or third party administrators as compensation for services. Commissions received as revenue cover the infrastructure of our organization and the expenses we incur when delivering our services. Our compensation is usually derived from the commissions included in our clients' premiums for the following:

Medical
Prescription
Dental
Life/AD&D
Short Term Disability
Long Term Disability
Third Party Fees / Stop Loss Protection
Voluntary Employee Benefits

Model regularly considers special project requests and fee-for-service compensation, which is negotiable from a time and expense perspective. We can offset fee-for-service compensation with commissions paid on the account.

All compensation is fully disclosed to our clients. Model Consulting maintains a strict policy of full disclosure of all compensation received on behalf of our clients.

Ideal Prospect Profile

Model Consulting works with all types of businesses and we specialize in customizing our approach. Understanding where we create the most value will help brokers to develop qualified new business leads.

Company Characteristics where we create the most value:

Companies with 50 or more employees.
Paternalistic companies who typically handle employees' benefits-related problems versus calling a broker or the insurance carrier directly.
Employers with multiple sites within a single state, or with multi-state locations.
Employers who are service oriented, and understand and value an organization providing a great deal of support and expertise at the right price.
Plan administrators who need to "free-up" their valuable time by delegating problem resolution to a broker with market leverage and clout.

Prospecting

The following list of questions is a comprehensive marketing tool helping to define and distinguish Model's services for our brokers. Employers who are not getting the level of client service indicated below will benefit from an introduction to Model's expertise and capabilities.

Does your current broker/consultant provide a level of depth where there are experienced, knowledgeable people to provide consulting and support services beyond the broker him/herself?
Can your current broker/consultant provide an online solution for employee communication/hiring/compliance support/& benefits enrollment eliminating paper from most of these processes?
Does your current broker/consultant help you "sell" the benefits plan to new and existing employees through creative employee, communication, employee benefit statements, etc.?
Does your current broker/consultant proactively handle service issues (billing/claims/contract discrepancies) or do you deal directly with the insurance carriers?
Has your current broker/consultant thoroughly marketed your benefits program in the last 2 years for competitiveness?
Multi- Site, Multi-State Companies -Does your current broker/consultant travel to your other large sites to coordinate meetings and employee communications?
Has your current broker/consultant advised you of the various tax considerations with respect to all of your benefit programs?
Has your current broker/consultant explored the benefits of a Section 125 plan and its various code sections including commuter and parking expenses?
Has your current broker/consultant provided you with information to prepare you for compliance with, and understanding of, HIPAA?
Has your current broker/consultant provided you with up to date information on the advantages of Consumer Driven Health Plans (CDHP)?
Has your current broker/consultant provided you with alternative prescription drug programs including comprehensive audits?
Has your current broker/consultant provided you with cost saving measures through dependent eligibility audits?

Can your current broker/consultant provide you with you a comprehensive Wellness solution including predictive modeling features and disease management mechanisms?