Montrose Group Health Insurance & Employee Benefits Plans

With 21,000 residents, Montrose, CO, is blessed with a stunning location adjacent to Gunnison National Park on the Western Slope of the Rocky Mountains. The area is perfectly suited to outdoor activities year-round. Local residents often work in tourism companies, but there are other options available. With steep competition for skilled workers, employers in Montrose are wise to consider enhancing their benefits packages with group health insurance.

Group Health Insurance and Employee Benefits

In Montrose and elsewhere, workers prioritize group health insurance due to the lower cost and better coverage compared to buying an individual policy. Employers who aren’t required to provide insurance may hesitate because of the premium cost, but many find that it pays off. Studies show that workers with excellent benefits are more productive and loyal to the companies they work for.

What to Look for in an Insurance Provider

Making the commitment to add group health insurance to your benefits plan brings you to the next large challenge, which is finding the right insurance provider and choosing policies. You will need to evaluate potential vendors carefully to find the one that will meet your needs effectively. Some of the factors to consider are:

• Whether the company is financially stable. Insurance is a challenging business, which means that the insurer needs substantial reserves to withstand possible spikes in claims volume.
• Whether the insurer has a positive reputation for customer service. Responsiveness is key to subscriber satisfaction.
• If your policy options include a PPO or HMO, the provider network is important. Your employees will want in-network access to the best doctors and hospitals in Montrose.

Benefits of Working with an Insurance Broker

Before you jump into the hard work of evaluating various insurance companies and policies, consider another option, which is working with an independent insurance broker like Taylor Benefits Insurance. Brokers can help you save time and money by guiding you toward optimal matches for your company.

Since brokers are independent, they are not allied with any insurance companies. They aren’t obligated to recommend specific products, so they can instead offer unbiased guidance regarding what will work best for your business.

Brokerage employees are experts. Their consultants understand the industry so they can explain how various policy choices work and what makes sense.

Brokers can usually negotiate lower rates for the policies and services you want compared to the rates an insurer would quote to you directly.