Trusted Insurance Brokers in New Brunswick

An insurance broker helps clients evaluate coverage options from available insurance carriers, compare plan features and costs, and select arrangements that fit their needs. Franklin Benefits Group also provides ongoing support beyond placement, including renewal planning, employee benefits communication, claims-related assistance, compliance resources, and plan design guidance. The goal is to make complex coverage decisions clearer and more actionable.

A broker can assess your current benefits, workforce priorities, contribution strategy, and renewal timeline before comparing suitable plan options. For New Brunswick businesses, Franklin Benefits Group can help evaluate medical, dental, life, disability, and voluntary benefit designs while supporting employee communication and administration. The firm also offers guidance on funding approaches such as fully insured, level-funded, self-funded, and ICHRA arrangements.

Yes. Employers can generally appoint a new broker through a Broker of Record letter during the plan year without waiting for renewal and without changing the current insurance plan. This allows Franklin Benefits Group to conduct an in-depth market analysis, obtain quotes from multiple markets, and provide ongoing service. Specific carrier procedures and timing requirements should be reviewed for your plan.

Employers may consider fully insured, level-funded, self-funded, reference-based pricing, HRA, HSA, and ICHRA strategies. Each approach has different cost structures, risk levels, administrative requirements, and employee experiences. Franklin Benefits Group reviews these considerations alongside workforce size, cash-flow preferences, plan goals, and compliance obligations so employers can assess which structure is appropriate for their organization.

Voluntary benefits can include accident, cancer or specified illness, hospital indemnity, life, disability, vision, pet insurance, GAP coverage, and employee discount programs. Employees commonly pay the premiums for voluntary insurance products, often receiving group-rate access and payroll-deduction convenience. Many products are portable, meaning employees may be able to keep their coverage if they leave the employer.

An Individual Coverage Health Reimbursement Arrangement lets an employer set a defined reimbursement budget for eligible employees’ individual health insurance premiums and qualifying medical expenses. Employers may vary reimbursement amounts across permitted employee classes, subject to applicable rules. Franklin Benefits Group helps with arrangement design, class considerations, employee communications, and ongoing administration so the program aligns with business and compliance requirements.

Compare more than the monthly premium. Important factors include your doctors’ network participation, prescription drug formulary, pharmacy options, prior-authorization rules, deductibles, copays, annual out-of-pocket exposure, and travel needs. Franklin Benefits Group provides personalized reviews of Original Medicare, Medicare Supplement, Medicare Advantage, and Part D options to help clients evaluate how a plan may work with their healthcare needs.

Compensation can vary by product and carrier arrangement. For many employer-sponsored insurance products, brokers are paid carrier commissions rather than charging the employer a separate consulting fee. Franklin Benefits Group notes that a Broker of Record authorization can enable market analysis and quotes from multiple markets at no additional cost to the employer. Ask about compensation and services before proceeding.