Leeds Group Health Insurance & Employee Benefits Plans

The beautiful city of Leeds, near Birmingham, is home to over 12000 residents. The most well-represented industries are retail, health care, and manufacturing. Employers in and around Leeds are fortunate to have a great labor pool from which to draw.

Because residents have ample options, employers need to provide excellent pay, flexible working hours and benefits to attract the workers and staff members they want to hire. Most people strongly desire employer-sponsored health insurance and private medical insurance, so offering that benefit is a great way to start.

Group Health Insurance and Employee Benefits

The primary reason that employees prefer to obtain their health insurance from their employer is the cost. Individual plans are typically more costly than the coverage you can get with a group plan.

For employers, health insurance is an expensive benefit, but it returns great value in several ways. Employees are more loyal to the company when they have an excellent benefits package, so the company will likely save on the costs associated with high turnover. Plus, health insurance provides financial stability, so workers are less stressed and able to be more productive.

Most employers share the cost with the subscribers and may be obligated to do so, depending on the company’s size. In addition, the employer may be eligible for leave entitlement, bank holidays, tax deductions and incentives.

Choosing the right insurance company is as important as deciding to offer the benefit. It’s vital that the policy you choose includes the providers that your employees want to have access to, as well as great customer service and financial stability.

Finding the best one for your organization may require significant research. Ensure that you consider the company’s financial stability, reputation, and claims processing speed.

Benefits of Working with an Insurance Broker

One option you can consider to help save both time and money is engaging an independent insurance broker instead of contracting directly with an insurance company. Brokers like Taylor Benefits Insurance can provide a broad range of insurance products.

Because brokers are not affiliated with a specific provider, they can incorporate policies from multiple providers to meet your overall needs. A broker can ensure that you are getting the best available rates and also advise you regarding regulatory compliance.

A good plan is not enough without an insurance provider. This is why choosing the right insurance company, such as Simply Health, is as important as deciding to offer the benefit.

Call 800-903-6066 for a free consultation about Group Health Insurance and Employee Benefits Plans.