Jeffersontown Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Offering group health insurance has many advantages both to the employer and the employees. The employer will be in a position to attract, recruit and retain top talent. In retaining them, the cost of recruitment is reduced. Since you will be taking care of the bulk of the health expenses for your employees, their burden is lifted enabling them to focus on their work and become more dedicated. Another advantage is that your business will get tax relief since premiums for health insurance are treated as business expenses. The employees too will benefit by having their taxable income reduced. Additionally, they will have improved general health which increases productivity. They also get a feeling of community since every member gets the same benefits.

What to Look for in an Insurance Provider

When planning to purchase an insurance policy, it is advisable to conduct some research to find out the company that gives the most suitable products for your needs. In order to choose the best insurance provider, consider the following factors:

• Licensing – An insurance provider should be licensed by your state to provide the policies you are looking for and to operate in it. This will help you in case a crisis arises.
• Customer service – Find out how a company treats its customers and if they are customer service oriented. They should respond to your queries promptly.
• Business oriented – Choose an insurance provider that understands the legal requirements and financial obligations of their products and services. They should be able to help you in case of changes.

Benefits of Working with an Insurance Broker

Insurance brokers will run around for you to shop for your insurance policies to ensure that you are getting the right level of cover within a short time. Below are some reasons why you should consider using insurance brokers.

• They have an in-depth knowledge of the insurance markets, terms and conditions, prices and benefits of a wide range of insurance products.
• They will help you during the claims and settlement process by dealing directly with the company to answer questions as well as complete any formalities needed. They will be your advocate and will ensure quick and efficient claim compensation.