Greenbelt Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Group health insurance and employee benefits are so popular such that an employee can accept a lower salary in their favor. This means that an employer offering these employee benefits has a competitive advantage by being in a position to attract, recruit and retain the best employees. It reduces employee turnover which means reduced recruitment costs. The preventive and wellness cover will ensure improved general health of your workers which will reduce absenteeism hence boosting productivity. In addition, your business will enjoy a tax advantage since this is considered as a business expense.

Insurers are less at risk therefore you will be able to take advantage of the group rates to command cheaper rates for your plans. Furthermore, all the employees get the same benefits and this promotes a feeling of belonging to a community.

What to Look for in an Insurance Provider

Even though choosing an insurance provider may pose some challenges, there are the primary qualities of a good insurance provider to look out for. They include:

• Customer satisfaction – A good insurance provider should offer high levels of satisfaction to their customers. They should provide excellent customer service and solve their customer issues fast and effectively.
• Price – Strive to get different quotes from different insurance providers and compare them. They offer different rates for their insurance products, therefore shop around before making any commitment.
• Claims processing – Choose an insurance provider who compensates a customer satisfactorily. They should be able to process claims quickly and fully.

Benefits of Working with an Insurance Broker

Involving an insurance broker in the purchase of your insurance policy will help you get customized insurance plans that are specific to your needs. Below are some advantages of using an insurance broker:

• Insurance brokers offer you low cost premiums because they are given premiums at different rates by insures. They also get their commission from the insurers therefore they do not charge more for their services.
• They offer a wide selection of products to choose from because they have access to a wide variety of products from several insurers. They will guide you so that you can choose the most appropriate cover for your needs.