Littleton Group Health Insurance & Employee Benefits Plans

Littleton, CO, is a Denver suburb with approximately 45,000 residents. The city is known for excellent public schools and a rich American Indian heritage. Employees in Littleton prioritize group health insurance as part of their employee benefits package, which creates a strong incentive for local employers to include it.

Group Health Insurance and Employee Benefits

While employees typically ask for health insurance as a benefit of employment, some businesses are reluctant to include it due to the high cost. For companies small enough to avoid the ACA mandate, it’s tempting to skip it. However, businesses that do add insurance to their programs often find that the return on the investment justifies the price.

For example, company turnover will often decrease, which saves money on recruiting and training costs. More people will come to view the organization as an attractive employer. Finally, employees with health insurance are often more productive workers.

What to Look For In an Insurance Provider

But for companies deciding to include group health insurance in their benefits program, one big question is how to choose the right insurance company. The task isn’t easy. In fact, it requires significant time to research and evaluate the many prospective insurers. If you are embarking on this project, consider these questions as you begin:

• Does the company have adequate financial resources? Insurance is a volatile industry with tight profit margins, so ensure that the company has reserves to sustain it through challenging times.
• Does the company have a favorable industry reputation?
• Does the company focus attention on customer service and claims processing? The benefit can backfire if tour workers don’t get responsive treatment from the insurer.
• Does the insurer’s network include the optimal medical facilities? It’s vital that the network has plenty of highly rated providers because employees won’t want to pay out-of-network charges to visit their preferred doctors and hospitals in Littleton.

Benefits of Working with an Insurance Broker

If this task seems overwhelming, don’t be deterred by the challenge. You can get some support in the effort by engaging an independent insurance broker like Taylor Benefits Insurance.

Brokers are a tremendous help in the selection process. They have notable expertise in the insurance industry and a neutral perspective. Since brokers are not affiliated with insurance providers, they aren’t promoting a specific company’s policies and products. Instead, a broker will guide you toward the policies and providers that make sense for your business.

Another typical advantage of working with a broker is that they can often negotiate a lower rate for the products and services you decide to pursue.