Broker change · Second opinion

Benefits broker second opinion for Michigan employers

You don’t have to switch to get a fresh look. We review your renewal, plan design and broker compensation disclosure, then you decide.

Your info goes to one licensed Michigan advisor, never sold. Not to a call center, not to a list of “partners.”

No-commitment review
Compensation disclosure check
Independent agency

Talk to a benefits advisor

Your info goes to one licensed Michigan advisor at Nexus. Never sold. No pitch, no obligation.

Your name

Company / organization

Phone

Work email

Employees

Business ZIP

Renewal month

Interested in

By checking this box, I agree that Nexus Benefit Solutions (and only Nexus Benefit Solutions) may contact me about employee benefits at the phone number and email above, including calls and text messages that may use automated technology. Consent is not required to get help or to buy anything. Msg & data rates may apply; frequency varies. Reply STOP to opt out, HELP for help. See our Privacy Policy.

This is a request for a conversation, not an application for coverage. Please don’t send employee names, health information or claims details through this form; we’ll set up a secure way to share a census later.

Signs it’s time for a second opinion

Your renewal arrives late, with one option and little explanation.
You’ve never seen a written broker compensation disclosure.
Nobody has shown you claims data, or alternatives like level funding, self-funding or ICHRA.
Employees call you, not your broker, when a claim goes wrong.
Compliance deadlines surprise you.

The compensation disclosure you’re owed

Since the Consolidated Appropriations Act, 2021, brokers and consultants to ERISA group health plans who expect $1,000 or more in direct or indirect compensation must disclose their services and compensation in writing to the plan fiduciary, generally before the contract is entered into, extended or renewed. [ERISA §408(b)(2)(B); DOL FAB 2021-03]

Request a second opinion

A broker scorecard you can use with anyone (including us)

Area	What good looks like
Renewal process	Starts about 120 days out; shows what changed and why; brings real alternatives
Compensation	Written disclosure of all direct and indirect compensation, explained plainly
Market access	Independent; can quote fully insured, level-funded, self-funded and ICHRA
Data	Claims and utilization reporting where available, with recommendations
Employee support	A named contact for claim and enrollment problems
Compliance	A calendar: 2027 affordability, ACA reporting, gag-clause attestation (Dec 31), notices

Adapted from our guide How to evaluate a benefits broker beyond the quote.

How switching brokers usually works

Second opinion first. We review your current renewal, plan documents and compensation disclosure. No commitment.
Broker of record letter. If you decide to switch, you sign a letter on company letterhead naming the new agency with your carrier. Your plan, rates and coverage generally don’t change because of it.
Timing. Switching well before renewal gives the new broker time to market your plan.
Transition. Data, contacts and the compliance calendar move over; employees shouldn’t notice anything except better service.

General process; carriers set their own rules for broker-of-record changes.

Where to start

Renewing soon? Start with the 2027 renewal audit. Want the bigger picture? Try the benefits benchmark or the mid-market overview.

2-minute advisor Q&A

Changing benefits brokers

A Nexus advisor answers the questions we hear most. (Video coming soon.)

What should a broker be doing for us?
How does a broker of record change work?
What should be in a compensation disclosure?

2-minute advisor Q&A Video coming soon

Frequently asked questions

How do I change my employee benefits broker?

Usually by signing a broker of record letter on company letterhead that names the new agency with your insurer. Your plan and rates generally don't change because of the letter itself. Carriers set their own timing rules.

Can I change brokers in the middle of my plan year?

Generally yes. Many employers switch before renewal so the new broker has time to market the plan. Check your carrier's broker-of-record rules.

Do brokers have to disclose how much they're paid?

For ERISA group health plans, yes: brokers and consultants expecting $1,000 or more in direct or indirect compensation must disclose it in writing to the plan fiduciary under ERISA section 408(b)(2)(B), added by the Consolidated Appropriations Act, 2021.

What does a second opinion cover?

A review of your renewal, plan design, funding options, compensation disclosure and compliance calendar, with alternatives priced where it makes sense.

Will you sell my information?

No. It goes to one licensed Michigan advisor at Nexus and is never sold.

Where are you on the benefits ladder?

Just you (or you + spouse)Self-employed & individual plans 2–50 employeesSmall group, ICHRA, QSEHRA, level-funded 50–500 employeesSelf-funding, stop-loss, benchmarks

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Buying coverage for yourself or your family? See Michigan Open Enrollment 2027.