Evans, CO, is a thriving community of 22,000 people in Northern Colorado, just outside Rocky Mountain National Park. It’s a visually stunning area with plenty to keep outdoors enthusiasts happy. Also, Evans is close enough to Fort Collins to have access to the varied employment opportunities in that larger city.
Group Health Insurance and Employee Benefits
As is the case in many cities, Evans workers prioritize group health insurance as a benefits package option. The primary reason for this preference is that they can have access to better coverage at a lower rate with employer-sponsored policies when compared to an individual plan.
Still, deciding whether to offer insurance coverage is a tough question for many smaller companies. They want to include insurance in their benefits program but may hesitate due to the cost. However, many who take the plunge discover that it does pay off. Workers with employer-sponsored health insurance are known to be more productive and more loyal to the company they work for. They are less stressed and more financially stable as well.
What to Look For In an Insurance Provider
Making the commitment to include health insurance in your benefits plan brings your business to the next big task, which is finding the right insurance provider and choosing one or more policies. You need to carefully evaluate potential vendors to find the one that will best meet your needs. Some of the factors to consider are:
- Is the company financially stable? Insurance is a volatile business, so the insurer needs ample reserves to withstand potential increases in claims volume.
- Does the insurer have a good reputation for customer service? It’s wise to seek insurers with positive feedback from customers and an efficient approach to claims processing.
- If offering a PPO or HMP structure, check out the breadth of the provider network. Your employees will want in-network access to the best doctors and hospitals in Evans.
Benefits of Working with an Insurance Broker
Before you start the hard work of evaluating insurance companies and policies, consider what might be a better option—partnering with an independent insurance broker like Taylor Benefits Insurance. Brokers can save you time and money by guiding you toward the best options for your needs.
- Brokers are independent—that means they are not allied with any insurance companies. Instead of pushing specific products, the broker will offer neutral recommendations of what will work best for your business.
- Brokers are experts—their consultants understand the industry and are familiar with the various business models. They can explain how your options work and what makes sense.
- Brokers can often negotiate lower rates for the products you want because the insurance companies want the simplicity of working with the broker directly.
