Maximizing Revenue: How High Commission Health Plans Can Boost Your Brokerage Business
As an insurance broker, maximizing revenue through commissions is essential to growing your business. Smart Health Plans, available through BENADVANCE, offer brokers high commission opportunities along with valuable coverage options that clients will love. Here’s how you can leverage these plans to benefit both your clients and your bottom line.
Appeal to Diverse Client Needs
Smart Health Plans cater to sole proprietors, 1099 employees, and any sized groups—market segments that are rapidly expanding as more professionals seek flexible work options. By offering these tailored group plans, you can attract a broader array of clients, tapping into sectors with high growth potential. These individuals and businesses are seeking accessible healthcare options, and by meeting this demand, you can expand your client base and increase your revenue potential.
Sell the Benefits of Flexibility
Unlike traditional health plans with fixed enrollment periods, Smart Health Plans feature rolling enrollment, allowing you to enroll clients throughout the year. This flexibility makes it easier to close sales outside of traditional open enrollment periods, enabling you to maintain a steady stream of revenue year-round. Plus, these plans come with multiple deductible options, allowing clients to choose a plan that meets their unique budget and coverage needs. By providing year-round enrollment and diverse plan choices, you position yourself as a broker who can meet clients’ needs anytime, they’re ready to purchase, setting you apart from competitors.
Leverage National Network Access for Added Value
For many clients, provider choice and access to national networks are key factors in selecting a health plan. Smart Health Plans offer PPO network access through nationally recognized networks, including Cigna and PHCS/Multiplan and Anthem BCBS. For New Jersey residents, these plans also provide access to QualCare, a local network that includes every hospital in the state. This wide-ranging network coverage is a valuable selling point, allowing your clients to receive care nationwide—whether they’re at home, traveling, or relocating. Broad network access not only meets clients’ healthcare needs but also makes these plans more attractive to a larger demographic.
Enhance Client Satisfaction with Superior Support
In addition to comprehensive coverage, Smart Health Plans offer robust support services that help clients manage their healthcare needs:
- 24/7 Claims and Eligibility Access: Clients can view and manage claims, check their benefits, and access eligibility information through an online portal, providing transparency and ease of use.
- Live Member Support: Available Monday through Friday, 8 am to 6 pm EST, live member support ensures that clients can get timely assistance when they need it most.
By offering this level of support, you enhance client satisfaction and foster long-term loyalty, which is critical to maintaining a strong client base and driving referral business.
Maximize Revenue with High Commission Plans
As a broker, one of the biggest advantages of promoting Smart Health Plans is the high commission structure they offer. These plans are designed to provide competitive earnings for brokers, aligning your financial success with the value clients receive from the coverage. By focusing on a product that not only meets diverse healthcare needs but also rewards your efforts, you’re able to achieve higher profitability with each sale.
Stand Out as a Trusted Advisor
In today’s market, clients are looking for health plans that balance coverage, flexibility, and affordability. By offering Smart Health Plans, you position yourself as a trusted advisor who provides in-demand, flexible healthcare solutions that cater to a wide range of client needs. As you grow your client base and build a reputation for delivering value, you also create opportunities for repeat business and referrals, boosting your revenue and establishing your brokerage as a leader in the industry.
By promoting Smart Health Plans through BENADVANCE, you can offer clients competitive, high-value health coverage while securing high commissions for your brokerage. Whether your clients are large employers, small business owners, or independent contractors, these plans provide financial and healthcare value they can rely on. Grow your business, increase your revenue, and stand out in the industry with Smart Health Plans that benefit both you and your clients.