What to Expect

We are looking forward to delivering the best health insurance options we can find for your team!

This process may seem a little intimidating, so we’ve prepared this overview of what to expect. Some parts of this process will require information from you, while other parts may require information from your employees. Don’t worry! Your Program Consultant is with you every step of the way... we’ve got you covered.

Timing

Timing depends on how quickly we receive the information needed from you for the insurance provider to review. The faster we receive your complete information, the faster the process will go! In most cases, the average turnaround time is 7 - 10 days.

5 Step Process


We will need several key pieces of employee information (census information). From the number of employees and their dependents, to work zip codes, to birth dates, this vital information helps the insurance carrier learn more about the population they are covering. Upon receipt, we provide your census information to a select group of insurance providers - this ensures that your group gets several estimates of plans and rates.

One or more of the insurance carriers we contact on your behalf will respond with an initial quote for coverage based on the census you provided.

  • Please Note: From this baseline quote, you should be able to determine whether you want to go forward and finalize your quote, if this preliminary estimate is within your budget/price range.

In most cases*, the insurance provider will need health applications from each employee on your team (including information on their dependents). This information is protected under HIPAA and is reviewed only by the Insurance provider - it is not shared with Decisely or anyone else. The insurance provider uses the applications to determine the overall health of your team, and to provide final rates and pricing. The team is quoted as a unit, therefore individual employees within the team are not charged different rates based on their individual medical history.

This information also helps to balance the health risk pool within the overall program to ensure members continue to receive the best rates possible.

  • Please Note: This review may result in adjusted pricing or alternative plans being offered.

* This is not required for groups of 9 or more enrolled employees in AZ, CO, FL, GA, IL, IN, KS, KY, LA, MI, MO, MS, OH, TN, TX and WI.

A group benefit proposal with rates and plans is generated for your review. Your Program Consultant will walk you through the details, help you decide which plans to offer to your employees and verify your FSI membership.

You are the proud owner of group benefits. At this point you will be introduced to your Benefits team. They will make sure you have everything you need for your employees to have a smooth and successful open enrollment.

The Financial Services Institute and outside vendors have worked to provide an independent source of benefits, retirement, insurance, and HR services for the benefit of its independent members. Benefits, HR, retirement and insurance decisions, and sourcing are the responsibility of the business owners. A business owner’s decision as the employer whether or not to participate in the benefits and services provided is solely the his/her decision. Neither the Financial Services Institute, its subsidiaries, nor any outside vendors are fiduciaries with respect to such decision.