Lincoln Group Health Insurance & Employee Benefit Plans

The city of Lincoln, Illinois, takes its name after Abraham Lincoln. This city is home to a vibrant community with three colleges, two prisons and the world’s largest wagon. The city’s economy is dependent on diverse employers from both the public and private sector. In fact, there are many opportunities for businesses that also offer employment prospects.

Group Health Insurance and Employee Benefits

Employee benefits are as important as good wages. Findings of a study by Glassdoor revealed that 79% of the workers surveyed would rather opt for additional or new benefits instead of a salary increase. Although it is widely assumed that benefits are only desirable to workers, this is not true. Offering benefits can also contribute to improving your business. When your staff has access to benefits, they will be more loyal, focused and productive. This is definitely great for your bottom line.

What to Look For In an Insurance Provider

Finding a preferred insurance provider for your group health insurance and employee benefit needs can be a challenge. However, when you have an idea of what it is you are looking for in a provider then it will be easy. Some of the factors you need to consider include:

• Licensing. Ensure the provider is licensed to offer group health insurance and employee benefit solutions in your state/city.
• Reputation. Look for background information on the provider specifically paying attention to ratings by previous clients. Here, the focus is not to find a flawless provider but find out reasons given for negative reviews.
• Financial stability. Check that the provider has a solid financial record and is capable of paying up for claims.

Benefits of Working with an Insurance Broker

Insurance brokers play an important role when you are purchasing your group health insurance and employee benefit package compared to direct agents. Some of the advantages of working with a broker include the following:

• Brokers often offer professional advice that is objective without necessarily trying to get you to purchase a plan but to ensure that your needs are met satisfactorily.
• Brokers are not just knowledgeable but also experienced in different aspects of group health insurance and employee benefits thus they will help you find a plan that truly meets your needs. They will pay attention to all the relevant legislation and ensure that your policy is in line with relevant regulations.
• Brokers work with multiple carriers thus, they give you access to a wide variety of benefit options. Consequently, they are able to create custom plans that are tailored to fit in your budget and meet your unique needs.