Alan Friesen here certified Employee Benefits specialist with another tip of how you get the best value out of your employee benefit program. This one's more about Should I go to the market to test my benefits to ensure that I'm getting the best value possible? And there's some reasons why it's absolutely makes good sense. If the insurer can't meet the needs you have you have a goal that you want to achieve a reason for having the benefits and they're not being met? Well, then, obviously, you need to find a solution that's going to work for you, too, if you have bad service. Of course, if you have bad service, why would you put up with that get somebody who's going to look after you properly.

And those are the two of the main reasons. The third is if in fact, you know, to be the case that they are uncompetitive that the insurer is overcharging you for those services. Now that's not often the case. Because normally Normally, there's pretty competitive market and your advisor, your plant advisor, broker agent, however you'd like to call him, so long him or her, so long as that individual has access to a broad range of markets, and knows what they're doing, they can often within your same insurance program you have right now help you get the best value in that. Now, of course, that doesn't help. If you're not happy with the service, you're not happy with the solution.

But assuming those two things are the same, and it's just a matter of, of ensuring you get the best value, get a better deal on your benefit program, then any agent or broker who is worth his salt will be his or her will, will be able to go and negotiate with that ensure and make the change to help you be competitive on that or get them competitive for you. There's always a cost to changing. Basically if you think about it, there's a there's incurred but not reported reserves as an example. Then when you leave one insurer then they keep whatever reserves were built up. You have to start those with the new insurer. There's always differences in coverage, there's never where it's exactly the same, there's always variances there, that could be a negative.

So those are a couple things. As an example, there's also always an administrative cost, right. And the administrative cost involves someone within your organization has to document get employee forms completed, etc, do a whole bunch of paperwork to make that transition. So there are reasons why it's absolutely necessary for you to change. But other than that, the advisor that you have should be able to ensure that you stay competitive with even your current insurer. And now that's assuming that that advisor knows what they're doing that that advisor has access to enough markets and that advisors willing to do the work for you.

So some cases you'd want to do a market test definitely you want to change, but not always. Put your put your advisors feet to the fire, make them do your job for you. And if they won't contact me, my information is up here. Thank you very much