Fairbanks Group Health Insurance & Employee Benefits Plans

With 32,000 residents in an urban area of over 95,000, Fairbanks is one of the largest metropolitan areas in Alaska. Fairbanks is the home of the University of Alaska Fairbanks, and this outstanding university provides the region with skilled and educated workers.

Competition for employees is always significant, which leads many employers to offer comprehensive benefits packages as part of their recruiting and retention efforts.

Group Health Insurance and Employee Benefits

Employers in Fairbanks can gain an advantage in hiring by providing their workers with a high-quality benefits plan that includes healthcare coverage. Group health insurance is one of the most sought-after benefits due to the sharp cost difference compared to individual plans.

Workers who can participate in an employer-sponsored plan save money and stress related to their insurance coverage. As a result, companies often find their workers to be more loyal and productive.

While sponsoring insurance is costly, many companies recoup the expense through tax benefits and the reduction in hiring and training costs.

What to Look For In an Insurance Provider

Once your company decides to provide health insurance, you still must decide on an insurance provider. This process can be lengthy and tedious as you research and evaluate the competing vendors. To find a suitable insurance company, consider these factors:

1. It’s vital that the insurance company have an excellent industry reputation and financial stability to meet its current and future obligations.
2. Evaluate the company’s customer service support and claim processing system. Your employees will expect high-quality service from their insurer as well as prompt claims processing.
3. Ensure that the insurer’s network includes the highly-regarded medical providers and facilities in your area.

Benefits of Working With an Independent Broker

Rather than devote significant time and effort to choosing an insurance company, consider engaging an independent insurance broker like Taylor Benefits Insurance. Partnering with a broker to select your policies offers several unique benefits:

1. Insurance brokers like Taylor Benefits enjoy extensive professional networks in the insurance field. Our consultants have vast experience helping companies like yours choose, implement, and administer well-received benefits programs.
2. Because brokers aren’t aligned with insurance providers, we can incorporate products from multiple vendors to design an ideal plan for your company. Our consultants take the time to understand your needs, goals, and budget.
3. Brokers can often negotiate lower rates for you and your employees by leveraging their industry connections and knowledge.

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