Consulting Services
Our Compensation Is Transparent, Disclosed, and Available.
- When IBT Consulting can remove set commissions from insurance products, we will.
- If we can’t remove set commission from ancillary insurance products, IBT Consulting will provide on-demand disclosure to all active clients in good-standing.
- If a “bonus” is received from any insurance carrier without notice, IBT Consulting will donate the funds to one of the many charitable organizations we support.
Employer’s Fiduciary Responsibility
Employers have a moral and fiduciary responsibility to assess their health plans, independent of those financially benefiting from it. As an employer, it’s time to stop asking your advisors to evaluate the quality of the health plans they’re paid to keep in place.
Our Gold Standard
Commitment
We believe a person works for whomever pays them and most insurance brokers are paid by big insurance carriers. We’re loyal to you and only you. We’re paid directly by our clients and only represent them. We prohibit health plan commissions, bonuses, or overrides from insurers.
Differentiation
Bigger isn’t better in healthcare. In our field this “bigger” means bigger costs, bigger inefficiencies, and much bigger incentives for the all the wrong people. We pride ourselves on providing high-touch consulting services that align us completely with our clients’ goals and vision.
Communication
We don’t just pop in at renewal time – we’re with you every day, all year long. We manage our health plans with a fine-tooth comb so our clients maintain complete control and clarity of their healthcare utilization and spend. We mitigate your risk before it happens.
Transparency
Transparency is our thing, starting with how we get paid. We believe employers have the right to know how much healthcare really costs and where every single dollar is going. We commit to providing round-the-clock access to your health plan data and giving control back to employers.
Our consulting services include:
- Complete self-funded plan architecture and execution
- Year-round, dedicated plan and account management
- Open enrollment coordination
- Monthly executive strategy meetings
- Quarterly financial reviews
- Daily cost mitigation reviews
- Ongoing plan education
- Stop loss marketing and placement
- Annual vendor performance examination
- Compliance and reporting
- Legal support
- Enrollment and eligibility management
- HR support
Up to 100 Employees
$3,000
Per Month
+ 20% performance bonus
upon meeting the cost savings
goals of the client.
100-250 Employees
$5,000
Per Month
+ 20% performance bonus
upon meeting the cost savings
goals of the client.
250-500 Employees
$7,500
Per Month
+ 20% performance bonus
upon meeting the cost savings
goals of the client.
500+ Employees
Custom
Per Month
+ 20% performance bonus
upon meeting the cost savings
goals of the client.
Groups with less than 100 employees who wish to use a small-group solution other than self-funding, including solutions like medical cost sharing, may do so at a fee of $1,000 per month (50-100 employees) and $500 per month (less than 50 employees).