About Matt Ragudo

Background

I started my own health insurance agency, grew it to 60 agents in about 3 years, and then sold it. I negotiated contracts and commissions and did the plan design. I also built partner programs with local TPAs and physician networks. After the sale, I spent 2 years consulting on insurance agency M&A: valuation and operational analysis. The health plan questions in a company acquisition, stock or assets, are on benefits due diligence in an acquisition. I also worked more than 10 years as a financial planner for business owners, including generational family businesses, where succession, the estate, and the business as the family’s main asset all had to line up.

Licensed insurance agent since 2014: Texas license 2501238, NPN 17369817. Confirm the NPN at the National Insurance Producer Registry and the Texas license at the Texas Department of Insurance. I am licensed in Arizona, California, Colorado, Hawaii, Iowa, Michigan, Nevada, North Carolina, Oregon, and Texas.

Call (808) 358-1477 or email aloha@mattragudo.com.

What I do now

After the broker-of-record transfer, which usually takes about a month, I service the plan all year: adds and terms, ID cards, billing, and employee questions. The Plan Report follows the broker-of-record letter and the transfer, once that letter goes through, and it is written from the carrier’s own data.

Every renewal is shopped across fully insured, level-funded, and self-funded options. Self-funded is a standard option in that shop. Running a self-funded structure once it is in place is a special project priced in the engagement letter before that letter goes through.

Pay is carrier commission, often set in the rates the carrier files with the state. Every dollar paid on the contract is disclosed in writing, in dollars and per employee, before the plan goes through, for the current plan and every option quoted. The detail is on how I’m paid.

The work is built for employers with 50 to 500 employees, and the same process runs from 10 up. The Renewal Control Plan is the name of the full engagement, steps 2 to 7, for employers with 100 or more employees. Employers with 50 to 99 employees get the same seven steps without that name. How the switch works is on switching brokers.

Who do you work with?

CFOs and owners at employers with 50 to 500 employees. The same seven steps run from 10 employees up. The Renewal Control Plan is the name of the full engagement, steps 2 to 7, for employers with 100 or more employees. Employers with 50 to 99 employees get the same seven steps without that name.

What happens after the broker-of-record letter?

The transfer usually takes about a month. From then I service the plan all year. The Plan Report follows the broker-of-record letter and the transfer, once that letter goes through, and it is written from the carrier’s own data.

How are you paid?

Pay is carrier commission, often set in the rates the carrier files with the state. Every dollar paid on the contract is disclosed in writing, in dollars and per employee, before the plan goes through, for the current plan and every option quoted. There is no referral fee.

Where are you licensed?

Licensed insurance agent since 2014: Texas license 2501238, NPN 17369817. Also licensed in Arizona, California, Colorado, Hawaii, Iowa, Michigan, Nevada, North Carolina, and Oregon. You can look up the NPN at NIPR and the Texas license at the Texas Department of Insurance.

Is the Renewal Benchmark Check part of the engagement?

No. It is a self-run public-data tool anyone can use before engaging. It is not one of the seven steps.