El Dorado Group Health Insurance & Employee Benefits Plans

El Dorado, AR, is a small city of approximately 17,000 residents and is designated the county seat of Union County. It is located near the state border with Louisiana and is closer to Shreveport than Little Rock.

As is the case across the country, workers in El Dorado place health insurance high on their priority list of benefits. The primary reason for this preference is that workers with employer-sponsored health insurance typically have better coverage at a lower price than people who purchase individual plans.

Group Health Insurance and Employee Benefits

While providing insurance for your team is expensive, many companies discover that the investment pays off. Employees with good health insurance report less stress and are more likely to be loyal to the employer that provides the needed insurance. Studies report that they may also be more productive.

If turnover decreases as a result of adding health insurance to the benefits package, companies can offset some of the insurance expenses by reducing the cost of recruiting and training. Also, many businesses share the premium cost with their subscribers and use tax deductions to further offset the cost.

What to Look For In an Insurance Provider

After you decide to add group health insurance to your benefits package, the next challenge is choosing the best insurance company for your needs and then deciding on specific policies. This task requires significant time and effort for you to identify the most suitable insurance provider. Here are some important factors to consider:

• Choose an insurer with a positive reputation and adequate financial resources to meet its obligations.
• Select an insurance company with a commitment to customer service, including prompt claims processing and response to inquiries.
• Choose a company that includes a broad provider network incorporating the best doctors and hospitals in the El Dorado area.

Benefits of Working with an Insurance Broker

If that seems like a task that isn’t realistic given your other existing responsibilities, consider an alternative– partnering with an independent insurance broker like Taylor Benefits Insurance. Brokers will typically save you time and stress. You may also find that you can get a better rate for the insurance products you want. Here are some advantages of using a broker:

• Brokers have tremendous knowledge of the insurance business and know the best current products. Plus, they know which providers are high-quality.
• A good broker will spend as much time as necessary to help you choose the most appropriate insurance products for your company, taking into account your objectives and your budget.
• Brokers are not affiliated with specific insurers, which means they can offer you unbiased recommendations. Typically, a broker has extensive contacts within the industry and can leverage those to obtain better rates on the products you need.

Call 800-903-6066 for a free consultation on El Dorado Group Health Insurance and Employee Benefits Plans.