Fort Thomas Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Employers providing group health insurance to their employees are viewed favorably by employees and they gain a competitive advantage. They attract the most hardworking and highly skilled workers and the chances of retaining them are quite high. This goes a long way in reducing the cost of recruitment. You also stand a chance to train your own experts for the benefit of your business.

Moreover, all benefactors get the same benefits unless they want to get extra cover. This promotes a feeling of belonging to a community and improves your relationship with your employees. The insurer charges lower premiums for group health insurance since their risk is reduced due to the many participants on board. Additionally, your employees are highly motivated, healthier and happier because the high cost of hospitalization is covered. Absenteeism is greatly reduced which ensures that your workforce is present at work, hence an increase in productivity.

What to Look for in an Insurance Provider

Choosing an insurance provider, in the face of the numerous companies offering these services, could pose some challenges. However, there are some important factors to keep mind so as to select the most appropriate. They include:

• Good business sense – Choose an insurance provider that understands the insurance business well and who knows how any changes could affect the customer.
• Customer service – Good customer service is of paramount importance when it comes to the choice of an insurance provider. Choose an insurance provider that is available whenever you need them and that can answer your queries in a timely manner.
• Licensing – An insurance provider should have the relevant licensing from your state and should be able to work in it and provide the policies you are looking for.

Benefits of Working with an Insurance Broker

Working with an insurance broker, rather than directly with the insurance company, is more beneficial. Some of these advantages include:

• Brokers are highly trained experts, who will work with you to find the right level of cover for your specific needs.
• They are very helpful during the claim process and will deal directly with the company answering questions on your behalf as well as complete any formalities needed. They will ensure a quick and complete compensation.
• Insurance brokers work with different insurance companies which ensure that they have access to a wide range of products.