Greenwood Village Group Health Insurance & Employee Benefits Plans

Greenwood Village, CO, is a southern suburb of Denver and home to 15,000 residents. Due to the proximity to Denver, local workers have plenty of options when they are looking for a new company to work for. That fact is one reason why many small companies in Greenwood Village are considering offering group health insurance, even if not required to do so.

Group Health Insurance and Employee Benefits

Many employees want access to health insurance from their employer because it gives them better coverage at a lower price compared to an individual plan.

However, sometimes employers hesitate to include insurance in their benefits package because it is expensive, and the prices increases frequently. What employers often discover after they decide to try it is that they can use tax deductions to regain some of what they spend. Also, it’s typical for the employer to share the premium cost with the subscribers. Many also experience lower turnover which results in savings related to recruiting and training.

What to Look For In an Insurance Provider

Once you decide that adding group health insurance makes sense, the next step is to identify the most suitable insurance company for what you need. This is a significant project that involves research and evaluation of several prospective providers.

As you begin the project, consider these important attributes of insurers:

• Look for an insurance company with ample and stable financial resources. Insurance is a volatile business, so the company must be prepared to meet its obligations if it gets hit with high claims.
• Select an insurer with a positive industry reputation. Building a good reputation involves offering supportive customer service.
• If the structure you offer includes an HMO or PPO, it’s crucial to evaluate the provider network. Your employees will expect access to the best doctors and hospitals in Greenwood Village without paying out-of-network charges.

Benefits of Working with an Insurance Broker

If it sounds like a lot of work, that’s because it really can be a challenge, especially if you are not well-versed in the nuances of insurance. Not to mention that you have a business to run. Don’t be discouraged because there is a great alternative to tackling this research yourself: work with an independent insurance broker like Taylor Benefits Insurance.

Brokers bring great value to collaboration with their clients, and you will save time, money, and stress when you partner with a high-quality broker. Since the broker already knows the industry, they can guide you toward the products and providers that make the most sense for your needs.

And, since the broker is not affiliated with any insurance companies, they don’t promote specific company’s products. Instead, they make recommendations that prioritize your best interests.