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
- Transfers all risk to the employer (inverse definition of insurance)
- Dictates process, costs and offerings
- Distributes bundled products with large profit margins
- 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
- 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
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?