What makes EBS different, is we are one of the very few consultants that first, provide an audit or evaluation of the health & welfare plan, to identify what services the plan sponsor should outsource to EBS, and then provide a report and a proposal of services, AND the costs associated with those services.

EBS also offers our accounts the choice of fee-based or commissioned-based broker compensation. We then customize the services that will be provided.

Although this may seem rather basic, expectations of services and fees are rarely discussed or disclosed in the insurance brokerage industry. Additionally, since there are no service contracts signed the employer seldom knows what services to expect, what is being charged or what specific responsibilities are being outsourced to your insurance broker. This can become a serious problem for plan sponsors, since the plan sponsor is considered a fiduciary of the health & welfare plans and are regulated by agencies such as, DOL, EBSA, IRS and the like. Many employer groups assume that their broker is taking care of all of these requirements until it is too late.