Maumelle Group Health Insurance & Employee Benefits Plans

Group Health Insurance and Employee Benefits

Employees typically prioritize health insurance when considering benefits programs. One reason for this preference is that a group health plan typically includes better coverage for a lower cost when compared to an individual plan. Workers with employer-sponsored health insurance are more productive and more likely to remain with their employer.

On the other hand, businesses may be reluctant to offer health insurance due to the expense and regulatory concerns. However, the sponsoring company may be able to recoup some of the cost of insurance through tax deductions and by sharing the premium expense with the subscribers. Furthermore, they can offset the cost with reduced spending on recruiting and training. Overall, it is often a net benefit to the company as well as for the workers.

What to Look For In an Insurance Provider

For employers deciding to include health insurance in their benefits programs, the next challenge is choosing a policy and a provider. This is not an easy task. There are many options, and it’s up to you to sort through all the insurance company promises and qualifications to ensure that you choose the most suitable provider.

Here are some characteristics you should look for when choosing an insurer:

• Select an insurance company with a positive reputation and financial stability. The insurer must be able to meet its obligations even if faced with a surge in claims.
• Choose a company with excellent customer service and prompt claims processing.
• Consider the provider network. Your employees will prefer an insurance program that includes the best doctors and hospitals in Maumelle.

Benefits of Working with an Insurance Broker

If the task of choosing an insurer seems daunting, consider engaging an independent insurance broker like Taylor Benefits Insurance to help with the job. Using a broker often saves you both time and money, not to mention stress.

• Independent brokers are not affiliated with insurance companies, so they can offer you unbiased recommendations of which providers and products are most suitable for your organization and employees.
• Brokers have industry expertise that allows them to identify the best match for your company and negotiate lower rates for your selected services.
• Also, brokers keep up to date with the industry trends and applicable regulations so you can be sure of your choices.

Call 800-903-6066 for a free consultation or request a free quote.