Blaine Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Providing group health insurance to your employees is a good way of making your business successful. This is because you will attract, recruit and retain top talent, which in turn will reduce employee turnover, thereby cutting on recruitment costs.  Since it covers many participants in a group, you command cheaper premium rates.

Employers stand to gain through tax relief for their businesses since premiums paid by the company are tax deductible. Additionally, you will boost productivity among your workforce due to general health improvement.

What to Look for in an Insurance Provider

Once you have decided to purchase an insurance policy, it’s good to do due diligence so as to choose an insurance provider that offers the best insurance plans to meet your needs. Some factors to consider include:

• Do a background check on the company you decide to work with to find out about its reputation. Check their ratings as compared to their peer companies to see how well they are faring. Find out about their experience in the field and if there have been any complaints.
• The financial stability of a company is very crucial when deciding on the insurance provider to use. Ensure that the company can fulfil its promises. Choose one which knows how to manage its assets.
• The transparency of the insurance provider is also very important. Look for how transparent they are in handling complaints and their resolutions.

Benefits of Working with an Insurance Broker

Using an insurance broker has more advantages over an insurance company. Some of them include the following:

• Since brokers are independent of any company’s products, they focus mainly on you to provide the best plans for your needs. They work with different insurers to choose the best plans at competitive prices.
• Brokers are well trained professionals and they have great expertise when it comes to insurance policies. They provide expert unbiased advice on your individual insurance needs.
• When using an insurance broker, your privacy is assured. They have a code of ethics which requires them to maintain a client’s privacy and confidentiality.