As if brokers didn't already have enough on their plates this fall, the requirement goes into effect in just over a month. (Photo: Shutterstock)
In recent years, a growing contingent of benefits brokers and consultants have been advocating for greater transparency into how they get paid. And the federal government has agreed with them, including a provision in the Consolidated Appropriations Act of 2021 requiring that brokers begin disclosing compensation and commissions to their employer clients.
As if brokers didn't already have enough on their plates this fall, the requirement goes into effect in just over a month, on December 27, 2021. And if the Q&A section of a recent BenefitMall webinar is any indication, there are still a lot of questions that need to be answered. Misty Baker and David Mordo did their best to clear up as much as possible, with the caveat that the official guidance for implementation has yet to be released.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Emily Payne
Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
