Mile 5 Benefits is certified by the VA as a Veteran Owned Small Business.
Give us a call to find out how that can help you: 214-584-6560
Mile 5 benefits is an outsourced voluntary benefits center of excellence that specializes in Critical Illness Insurance, Accident Insurance, Hospital Indemnity Insurance, Voluntary Life Insurance, and benefits administration. We specialize in voluntary benefits insurance, gap insurance, and filling high deductible health plan gaps. Mile 5 is a niche voluntary employee benefits consulting agency. Critical Illness Insurance and Accident Insurance are vital components of the modern employee benefit plan.
Mile 5 benefits is an outsourced voluntary benefits center of excellence that specializes in Critical Illness Insurance, Accident Insurance, Hospital Indemnity Insurance, Voluntary Life Insurance, and benefits administration. We specialize in voluntary benefits insurance, gap insurance, and filling high deductible health plan gaps. Mile 5 is a niche voluntary employee benefits consulting agency. Critical Illness Insurance and Accident Insurance are vital components of the modern employee benefit plan.
Mile 5 benefits is an outsourced voluntary benefits center of excellence that specializes in Critical Illness Insurance, Accident Insurance, Hospital Indemnity Insurance, Voluntary Life Insurance, and benefits administration. We specialize in voluntary benefits insurance, gap insurance, and filling high deductible health plan gaps. Mile 5 is a niche voluntary employee benefits consulting agency. Critical Illness Insurance and Accident Insurance are vital components of the modern employee benefit plan.
Mile 5 Benefits is on hiatus until further notice. Stay tuned for updates!
Mile 5 benefits is an outsourced voluntary benefits center of excellence that specializes in Critical Illness Insurance, Accident Insurance, Hospital Indemnity Insurance, Voluntary Life Insurance, and benefits administration. We specialize in voluntary benefits insurance, gap insurance, and filling high deductible health plan gaps. Mile 5 is a niche voluntary employee benefits consulting agency. Critical Illness Insurance and Accident Insurance are vital components of the modern employee benefit plan.
Mile 5 Voluntary Benefits Critical Illness Accident Insurance
The Voluntary Benefits space is littered with failed voluntary plans that did not use the Mile 5 Process. If you suffer from the below issues, Mile 5 offers a modified Mile 5 Process to get your plan on the right track:
Product Flood
Offering too many products. Often the bi-product of an unsustainable enrollment strategy or simply a failure to analyze core plan gaps.
Unsustainable Administrative Burden
Unacceptable heavy lifting on the part of employers. This often results from a failure to vet carrier administrative capabilities, a failure to match employer and carrier capabilities, or a failure to understand the varied billing methods offered by a carrier. One size does not fit all with voluntary carrier selection.
Client Abandonment
Because of the front loaded nature of broker compensation, it is not uncommon for service providers to try to back away from a client once the bulk of the commission is paid. This failure is a result of financially unsustainable enrollment practices.
Product Churn
A common but short sighted solution to Client Abandonment is to reload the commission by churning the insurance products to a different carrier. Because of the nature of these products, however, it is rare for an employer to accomplish a rollover without harming the current plan participants in some way.
The Mile 5 Rescue Plan
The Mile 5 Process ensures that the right products, from the right carrier, are enrolled in the best manner to meet client needs.
The Mile 5 Process
Client Strategy Development
Establish client priorities and goals of voluntary program.
Core Plan Gap Analysis
Identify possible gaps in core plan as foundation of voluntary strategy.
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Administration Support
Mile 5 remains engaged in the billing and administration ensuring client expectations are met.
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Marketing programs
Market and evaluate the best vendor fit to accomplish client strategy.
Managed Implementation
Project management implementation approach ensures a successful rollout.