Glenwood Springs, CO, is a city of approximately 11,000, located west of Denver in the midst of the White River National Forest. The stunning Rocky Mountains location attracts outdoor enthusiasts, and the city is a popular vacation destination.
Group Health Insurance and Employee Benefits
Workers in Glenwood Springs, like their counterparts across the country, prioritize group health insurance as an employee benefit. The foremost reason for this preference is that an employer-sponsored plan gives the employee better coverage at a lower price.
Still, many smaller companies hesitate to shoulder the expense. Ther’s no doubt that insurance is a costly benefit, but it also confers great advantages to an employer, helping them stand out in the competition for skilled employees. With affordable health insurance tied to their job, workers are more productive and more loyal to the company. The business will also save money on recruiting and training as turnover decreases.
What to Look For In an Insurance Provider
Another obstacle for employers is the challenge of choosing the best insurance provider. There are so many companies, all touting their policies and making promises about service. How can you effectively evaluate the prospects and choose the most suitable one? Here are some things to look for in the insurance provider you select:
- Choose an insurer that has ample financial resources. Insurance is a volatile industry, so ensure that the company has reserves to sustain it through challenging times.
- Look for a company with a positive reputation in the industry and in Glenwood Springs. Companies earn their reputation through providing excellent customer service and efficient claims processing.
- If your insurance policy uses a PPO or HMO structure (many do), it’s vital that the network has plenty of providers, including the most popular in Glenwood Springs. Your employees won’t want to pay out-of-network charges to visit their preferred doctors and hospitals.
Benefits of Working with an Insurance Broker
If you have decided to add insurance to your benefits package or make a change in your current offerings, don’t be deterred by the difficulty of choosing the insurance company and the specific policies. There is a great alternative, which is engaging an independent insurance broker like Taylor Benefits Insurance.
Brokers can be a tremendous help in the selection process. They offer expertise in the insurance industry, along with a neutral perspective. Since brokers are not aligned with insurance providers, they aren’t promoting particular offerings. Instead, the broker will guide you toward the policies and providers that make sense for your organization.
Another plus is that a broker can often negotiate a lower rate for the products and services you decide to pursue.
