Robert Half International Inc
Long Term Care
Our Role and Compensation
Mercer Health & Benefits Administration LLC (Mercer Voluntary Benefits), a leader in business transparency, is committed to complete disclosure of the compensation we receive from the insurance companies for the services we perform on your behalf and that of your affiliated organization.
Mercer Voluntary Benefits facilitates the placement of insurance coverage on behalf of our clients.
In accordance with industry custom, we are typically compensated through commissions that are calculated as a percentage of the insurance premiums charged by insurers. We may also receive additional monetary and nonmonetary compensation from insurers, or from other insurance intermediaries, which may be contingent upon such factors as volume, growth or retention of business. This compensation may include payment from insurers for marketing related expenses or investments in technology. Our compensation may vary depending on the type of insurance purchased and the insurer selected.
We will provide you additional information about our compensation and if applicable, information about alternative quotes obtained, upon your request.
We will provide you additional information about our compensation by calling 1-888-206-5088.
Expenses are incurred in
the administration of all insurance plans (marketing and communications, billing and collecting premium, payment of claims benefits, responding to customer inquiries, and compensation in the form of commission for agents or companies who provide
these services), and these are included as part of the premium rate structure.
The premium quoted includes compensation of 93.00% from The Prudential Insurance Company of America received by Mercer Health & Benefits Administration LLC for providing services that may include enrollments, ongoing servicing, billing and communications. In addition to the retail commission earned, Mercer Health & Benefits Administration LLC and/or Mercer Health & Benefits Insurance Services LLC (Mercer) may earn additional bonus compensation from this insurer. If Mercer meets Prudential’s new business requirements, Mercer may earn additional bonus compensation of up to 10% of aggregate annualized eligible new business premium written by Mercer during the calendar year. If Mercer meets Prudential’s persistency bonus requirements, Mercer may earn additional bonus compensation of up to 10% of aggregate annualized eligible in force business premium. Payments to Mercer under this plan may be limited by Prudential to an established per product group per case maximum of $200,000 and per client of $800,000. All marketing expenses associated with this program are paid by Mercer. These rates are subject to change and will be updated promptly upon such changes.
Where permitted by law, when Mercer Voluntary Benefits conducts billing
and collection of premium, we may also earn and retain interest income on premiums
held by Mercer Voluntary Benefits on behalf of insurers during the
period between receipt of such payments from clients and the time
such payments are remitted to the applicable insurer. If you utilize
premium financing when available, additional fees may also be earned which will be
disclosed at the time premium financing is offered.
Marsh & McLennan Companies, Inc. and its subsidiaries which
include Mercer own equity interests in certain insurers and wholesale brokers.
Information regarding such interests is available at www.mercer.com/transparency. Information on material ownership, if any, that a quoting insurer has in Marsh & McLennan Companies or its subsidiaries is available upon request.
Mercer Voluntary Benefits is prohibited by law in most states from altering the amount of compensation received from the insurer based in whole or in part on the sale of this insurance.1