Benefit Brokerage Services is a full service General Agency providing insurance products to the broker community. We represent many quality insurance carriers & products on a wholesale basis providing value-added services with no reduction in commissions.

Our 37-plus year history in the group insurance industry offers an invaluable resource of experience and knowledge for brokers of products in this always changing market.

Benefit Brokerage Services opened in 1995 in San Jose, California where we first represented Lifeguard HMO. Our tremendous success was shared by Lifeguard and the brokers who quickly grew to rely on our resources.

We developed and introduced the first fully insured Acupuncture plan called Acupuncture Plus. We credentialed 450 Licensed Acupuncture to form a PPO network, contracted the largest Third Party Administrator, and received financial backing with one of the largest re-insurers in the world. The introduction of this plan sparked Landmark Health Care and American Specialty Health Plan to develop their own Acupuncture plans and to help mainstream the modality of Acupuncture and its treatments.

Eventually, we developed a broad portfolio of the most well-regarded ancillary carriers and employee benefit products including Dental, Vision, Life Insurance, Long Term Disability and Chiropractic/Acupuncture plans.

After Lifeguard closed their doors in late 2002 we became the new statewide General Agency for Health Net of California. We opened an office in Santa Ana to accommodate this new demand. With management changes and decision for Health Net to deal with only a few of the larger General Agency, we terminated new business relationship in 2004 and continue to service the existing business.

In the late 2003, we launched the innovative Section 105 medical reimbursement plan in conjunction with Blue Cross’ Basic PPO plan. The Plan was called Basic Plus. This cost savings options for the small group market was well received providing employers with average savings of 30% from their previous plans. This option included the services of a Third Party Administrator, a PPO network, and a Drug Company so that the Employer can self fund the out-patient claims while Blue Cross covered the In-patient and Out-patient Hospital charges.

In 2007, For larger employers over 50 employees, we introduced Integrated Health Care which is a partially Self Funded plan with an HSA plan model. This more traditional self funding plan includes a Specific and Aggregate deductibles, TPA, PPO Network, Drug Program and State of the Art Cost Containment features. The HSA account custodian is Bank of America which offers a State of the Art on-line account integration system with the health plan.

In the beginning of 2008, we introduced Silicon Valley Health Plans, a packaged Partially Self Funding product for smaller employers from 25 to 150 employees. This plan provides similar self-funded protections for a large employer, but scaled down for the smaller employer. The plan is structured almost like a fully Insured plan, with the possibility of receiving money back if claims are low. No claims experience is required to receive a quote and the Stop loss contract is a 12/18 contract offering maximum protection for the employer.

Benefit Brokerage Services will continue to discover, design and develop innovative new products and services to benefit insurance professionals and their clients. We look forward to working with you; please, feel free to contact us with any questions or suggestions related to employee benefit plans.