Andus Open Architecture
What does it mean for employers?
- Control of the process – You decide what you buy
- Complete transparency with all plan dollars
- Risk is transfered to an “A” rated insurance carrier
- Reduced volatility
- Cost containment
- Ability to “win” when the plan runs well
- Ability for benefit plan to become a recruiting and retention tool
Traditional Carrier-Broker Model
Insurance Carrier
- Transfers all risk to the employer (inverse definition of insurance)
- Dictates process, costs and offerings
- Distributes bundled products with large profit margins
Insurance Broker
- Sells carrier products
- Paid commission by carrier
- Gives limited information on where plan dollars are going
- Provides limited ways to control underlying cost
- Advocates cost shifting to offset premium increases
Employer
- Blended pricing – no transparency
- Costs go up every year
- Increased volatility
- Absorbs all the cost of erroneous funding
- Employees frustrated due to cost shifting
Two Models That Appear Similar Can Produce Drastically Different Results
Carrier-Broker Model
Client Cannot See or Control Plan
Andus Open Architecture Model
Client Can See and Control EVERYTHING
Are You Frustrated With…
- Limited Advice on How to Control Cost?
- Rising Premiums?
- A Lack of Transparency with Plan Dollars?
- Adverse Plan Design Changes?
- A General Lack of Information About Your Benefit Plan?