Georgia-based firm with a national footprint meets the evolving benefits needs of middle market businesses
Employee benefits business is booming and agents and brokers that specialize in property/casualty insurance are fighting hard for a piece of the benefits action. But Digital Insurance Inc., in Atlanta, Georgia, which began in 2000 as employee benefits specialists, is more than fighting for its share.
The agency is riding a tidal wave of growth and continuing to evolve as the employee benefits business grows increasingly complex.
Digital began as a specialist in employee benefits for small and medium-sized employers, aiming to provide them with some of the same plan design and rating options available to larger employers, says President and Chief Executive Officer Adam Bruckman.
United Benefit Advisors supports its partners' consultative role
Benefits brokers/consultants are offering employers and their workforces an increasing number of health insurance choices. That's one of the findings of the United Benefit Advisors (UBA) 2015 Health Plan Survey. It reports that 28.7% of employers offer two separate plans to their workforce, and 17.6% offer three or more. The three-or-more-plan firms have grown by 28% over the past five years.
"More and more, employers are offering expanded choices to employees, either through private exchange solutions or by simply adding high-, medium- and low-cost options," a trend UBA partners believe will continue, the survey report notes. The survey data is derived from 10,804 employers sponsoring 18,186 health plans nationwide, clients of UBA partner firms.
