Algonquin Group Health Insurance & Employee Benefit Plans

The village of Algonquin, Illinois, is transitioning from a small river community to a major regional hub. This village has experienced considerable suburban growth over the years to become a major commercial center. This has been supported by the outstanding quality of life and the business climate. The village also continues to experience considerable residential growth.

Group Health Insurance and Employee Benefits

While it is true that offering employee benefits will have a significant impact on employee loyalty, you will do well to customize the benefits. A survey by MetLife showed 72% of employees agreed with the fact that giving workers the ability to customize employee benefits will increase loyalty. Offering a limited set of benefits doesn’t allow employees to select what will work best for them. This could be the reason you are experiencing a high employee turnover that is hurting your bottom line.

What to Look For In an Insurance Provider

When you set out to look for an insurance provider for your group health insurance and employee benefits, always ensure that you select the right provider. You will do well to pay attention to a number of things in a suitable provider. They include:

• The reputation of the company especially when it comes to paying up for claims.
• Is the provider a direct agent working for a specific company or a broker working with various carriers?
• Have any complaints been filed against the insurance provider?
• Does the insurance provider have a local physical address in the state/city where you can go in case you want to file a claim?

Benefits of Working with an Insurance Broker

Making the decision on whether you should work with a direct agent or an insurance broker for your group health insurance and employee benefit plan is not always easy. However, when you look at the advantages that each presents, it is far more beneficial to work with a broker. Some of the benefits that brokers present include:

• Brokers offer a variety of benefit options because they work with a network of insurance carriers.
• Unlike direct agents that will only provide information on the plan they are selling. Brokers often offer professional and unbiased advice with the aim of helping you to make the right decision.
• Insurance brokers are experts as they have trained and gained experience over the years. This allows them to analyze and understand trends and craft an appropriate benefit plan for you.