Hanover Park Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Findings of the Global Benefit Attitudes survey by Towers Watson’s show the link between retirement and health benefits and the choice of employment, level of commitment and employee engagement by workers.  With the rising costs of healthcare across the US, most employees are keen on working for employers that offer a comprehensive benefit plan. Therefore, as an employer you need to consider offering a plan that caters for their health insurance while also offering retirement security. This will promote employee loyalty, longevity and increased productivity.

What to Look For In an Insurance Provider

You need to know what you are looking for in a provider for your group health insurance and employee benefit needs in Hanover Park. This is important in helping you identify an ideal provider for your benefits plan. Some of the things to look for include:

• Financial stability. This is important as it gives you a guarantee that your future and that of your workers is indeed secure. You can obtain information on a provider’s financial security by looking at their ratings from different rating firms.
• Licensing. Always ensure that the provider is licensed to operate in your city/state because when an issues arises the state department of insurance can intervene.
• Reputation. This usually gives you an idea of a provider’s ability to deliver therefore, avoid those companies that have poor ratings.

Benefits of Working with an Insurance Broker

It is likely that you are refraining from working with brokers on your group health insurance and employee benefits because you perceive them to be mere middlemen. Truth is, brokers play an important role in helping you find an ideal plan for your staff. Some of the benefits of working with brokers include:

• Insurance brokers offer you professional advice and help you find the most suitable benefit plan for your workers.
• Brokers offer you a wide range of employee benefit options because they work with numerous insurance carriers.
• Insurance brokers are experienced hence, they take away the burden of having to handle all the paperwork and comparing quotes from different providers.