Provide “Wrap” Documents to clients for free!
“Wrap” documents are required for all businesses that supply their employees with any type of “Employee Welfare Benefit Plan”, which is anything considered healthcare benefits. If your clients’ business was audited and found to be missing a “Wrap” document, they could be hit with fines reaching $110 per day for every employee they have. That means a business with 10 employees could pay $1,100 a day until compliant!
“Wrap” documents normally cost anywhere from $400 to $750, but you can provide them to your clients for free! This service alone can help you differentiate your agency from the competition and win and keep more accounts.