Questions, answered
Everything you might wonder before working with an advisor.
How does Razor Benefits Group get paid?
Carriers pay us a commission that's already built into the premium, so there's no added fee to you for our advice or for a quote. Your price is the same whether you go through us or straight to the carrier.
Which carriers do you work with?
We're independent and multi-carrier. We compare plans across the carriers available in your state and recommend the one that fits your team, not the one that pays us best.
Can you help a business with fewer than 10 employees?
Yes. Most of our clients have 2 to 50 employees. Small teams often have more options than they think, including ICHRA and QSEHRA.
What's the difference between a group plan, an ICHRA, and a QSEHRA?
A group plan is one policy for the whole team. An ICHRA or QSEHRA lets you set a monthly budget and reimburse employees, tax-free, for individual coverage they choose. We'll walk you through which fits.
Is there a cost to get a quote?
No. Quotes are free and come with no obligation. We learn about your team, shop the market, and show you what we find. If nothing beats what you have today, we will tell you that too.
What does level-funded mean?
Level-funded is a middle ground between a traditional group plan and self-funding. You pay a steady monthly amount that covers expected claims, admin costs, and stop-loss protection against big claims. If your team's claims come in lower than expected, you may get part of the money back at the end of the year.
What is The Razor's Edge?
The Razor's Edge is our free employee advising program. Every employee gets one-on-one consultations on retirement, life insurance, mortgage protection and estate planning, at no cost to the employer.
What happens at renewal?
Your advisor reviews your renewal before it lands, re-shops the market, and brings you clear options well ahead of your deadline. You never have to just accept a rate increase without seeing what else is out there.
Do you work with 1099 contractors?
Yes. We help 1099 contractors, freelancers, and self-employed people find individual health, dental, disability, and retirement options that fit how they actually work.
Which states are you licensed in?
We serve businesses in all 50 states. We're licensed in 17 states: Arizona, Arkansas, California, Florida, Georgia, Iowa, Kentucky, Missouri, Montana, New Hampshire, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas and Washington.
How long does it take to set up a group plan?
Most groups go from first quote to active coverage in about 2 to 3 weeks. We handle the paperwork, carrier forms, and employee enrollment so it stays off your plate.