How we’re paid

Plainly: carriers pay us, we do not charge a broker fee, and you see our compensation in writing before you sign anything.

The short answer

How broker pay works with us

In one box

For most placements, Moran Insurance Group is paid a commission by the insurance carrier or plan provider. We do not add a separate broker fee on top for the services on this site. Premiums, and any administrator, stop-loss, pharmacy benefit or other third-party fees in your plan, are separate, and we show them in your proposal.

Before any contract or renewal of an ERISA-covered group health plan, you receive a written description of our services and the compensation we expect, direct and indirect. That has been a federal requirement since December 27, 2021, for brokers expecting $1,000 or more, and it applies to small and large plans alike.

What the disclosure covers

What you will see in writing

The services we will provide to your plan
Direct compensation, such as commission paid by the carrier
Indirect compensation, such as bonuses or overrides, if any
Compensation from partners, such as an administrator or stop-loss carrier, if any
How compensation is paid and when
Anything we would receive if the arrangement ends

Sources: U.S. Department of Labor: Field Assistance Bulletin 2021-03.

Ask any broker

Questions worth asking every broker

Whoever you work with, ask how they are paid, in writing, before you sign. Our benefits broker RFP guide lists the compensation questions, along with 16 more about renewals, service and data.

Compensation FAQ

Common questions

Do you charge a broker fee?

No. For the services on this site we do not charge a separate broker fee. Carriers or plan providers pay our commission.

Do you receive bonuses from carriers?

Some carriers pay bonuses or other indirect compensation. If we expect any on your plan, it is listed in the written disclosure you receive before you sign.

Does commission affect your recommendation?

The disclosure exists so you can judge that for yourself. We show you the options we considered and why we recommend one, and we are glad to walk through the numbers.

Does the disclosure rule apply to small groups?

Yes. For ERISA-covered group health plans, it applies whenever a broker reasonably expects $1,000 or more in compensation, regardless of plan size.

Transparent from the first call

Questions about how we are paid?

Ask us anything, or email info@moraninsurancegroup.com. You will get a straight answer.

Send my renewal How we work Or call us: 863-270-9820

✓ No broker fee✓ Licensed in 31+ states✓ Real brokers, not a call center