Manhattan Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Group health insurance is a voluntary employee benefit provided mainly by the employer to take care of the health of their employees and their dependents.  An employer who provides group health insurance gains a competitive position by being able to recruit and retain the best employees in the job market. Additionally, your business gets tax relief because the premiums from health insurance are tax deductible.

Employers providing group health insurance and employee benefits increase productivity among their employees due to the wellness cover to members and their families. Since all benefactors get uniform benefits, it is a fair system.

What to Look for in an Insurance Provider

With so many insurance providers offering group health insurance and employee benefits in Manhattan, choosing a provider for your group benefit needs can be a challenge. Some of the things to look out for include:

• Licensing – Check to make sure that you buy your insurance from an insurance company licensed in your state. Ensure also that they are licensed to offer the polices that you need.
• Financial stability – Look for a company that will offer financial stability for a long time, one that knows how to manage risks and grow assets.
• Pricing – Compare prices from different insurance providers to make sure you are getting affordable prices without compromising on the quality of the cover.
• Claims – Check to make sure they compensate claims satisfactorily and answer questions quickly and efficiently. Compare the number of claims against the number of policies sold from the national claims database to see how well they were handled.

Benefits of Working with an Insurance Broker

Some top benefits of working with an insurance broker include the following:

• Insurance brokers are independent and they will work for you the client, and not any particular company, to make sure you get the best deals in the market.
• They will be your advocate during claims and ensure a stress-free compensation.
• You will enjoy flexibility when working with an insurance broker, because they respond to your queries online and through phone calls, as long as you are comfortable.