Diversified Benefit Services now offers broker compensation on all new FSA, HRA, HSA and CHOICE Arrangement services.
Brokers do more than place coverage. You design strategy, guide employers through compliance, and keep benefits working long after the ink dries. That work deserves to be compensated…on every line of business you bring to the table.
That’s why Diversified now offers broker compensation on all new Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA) and Health Savings Account (HSA) services. It joins the broker compensation option we introduced earlier this year for Custom Health Option and Individual Care Expense (CHOICE) Arrangements – formerly ICHRA.
You set the fee
There’s no one-size-fits-all formula. You decide what your consulting services are worth and how to structure them:
- One-time, for implementation or plan design work
- Annual, for ongoing consulting and renewal support
- Per employee per month (PEPM), scaling with the size of the group
Transparency built in
Your consulting fee is disclosed to prospective employers and mutual clients in all our proposals and service agreements. Clients see what they’re paying for and why. That clarity builds trust, and it supports the fee transparency expectations brokers already navigate under federal disclosure rules.
Billing handled
Don’t want to chase invoices? We can collect your consulting fee from the mutual client and remit it to you, the broker of record. This optional invoicing service carries a 15% fee (based on the value of your consulting fee) charged to the client.
Prefer to bill clients yourself? That’s fine too.
Put it to work this open enrollment season
Broker compensation is available on all new Diversified business now. If you’re quoting January 1 renewals or new groups, let’s build it into your next proposal.
More good news for CHOICE clients
Coming in 2027, Diversified will offer Pay-the-Carrier for CHOICE Arrangements. We’ll remit premiums directly to carriers each month, so employees never have to submit receipts or wait on reimbursement. More on that soon.