Huntley Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Group health insurance is one of the benefits of employment. It is one of the major deciding factors when it comes to the choice of a company to work for. This makes employers who take advantage of this have a competitive advantage by recruiting and retaining the best employees, thereby reducing employee turnover. Employees benefit by having their medical expenses taken care of.

Additionally, you will have a more dedicated workforce which is happier and healthier, a factor which increases productivity. You will also enjoy an improved relationship with your workforce. Your business enjoys tax breaks which you can reinvest back into your business.

What to Look for in an Insurance Provider

There are many insurance providers providing policies that you are interested in, but deciding on the best one can be quite a challenge. Some of the things to consider so as to determine the right one include:

• Financial stability – The financial stability of the company is one of the most crucial factors to consider. Choose an insurance provider who is able to meet their long term financial obligations.
• Licensing – Ensure that the insurance company is licensed by your state to operate in it and to offer the services you need.
• Reputation – Work with a company with which has a good reputation. Check this from their ratings as compared to their peer companies.
• Claims – Find out from previous claims, the transparency of the claim process, its speed and simplicity. It should be hustle-free and fast.

Benefits of Working with an Insurance Broker

The best way to purchase an insurance policy is by using an insurance broker. Some of the benefits of working with an insurance broker are:

• Insurance brokers offer personalized and unbiased advice due to their training and experience. They are able to understand your specific needs and offer suggestions for the best possible insurance cover.
• They will help you interpret the insurance cover,and help you understand what is covered and what is not, as well as the exception clauses.
• Working with insurance brokers is less costly. They get different rates from insurers so that they can have lower costs for premiums and will negotiate on your behalf for affordable rates. They also have access to policies that are not available to the consumer.
• Brokers work independently; therefore, their focus is you, to offer the best plans after comparing products from different companies.
• They help during claims by answering questions on your behalf and negotiate for the best compensation for you.