Northglenn Group Health Insurance & Employee Benefits Plans

Northglenn, CO, is a nearby suburb of Denver, offering its 38,000 residents access to all the amenities and opportunities of the larger metropolitan area. Workers in Northglenn therefore have numerous options when considering employment opportunities. Local employers should consider tools to enhance their appeal for workers. One way to do so is by adding group health insurance and other perks to the company’s benefits program.

Group Health Insurance and Employee Benefits

One reason that some companies hesitate to include health insurance in their benefits plan is the cost of doing so. For businesses that are exempt from the ACA requirements, providing insurance is optional. There’s no doubt that it’s a costly benefit, but many businesses find that it pays off. Studies and real life experience show that workers are more loyal to an employer when health insurance is offered, and workers are believed to be more productive as well.

Companies often share the premium cost with their subscribers to reduce the impact, and employers can also recoup some of the cost using tax deductions. Add to that the potential for reduced sopending on recruiting and training, and the advantages are clear.

What to Look for in an Insurance Provider

Once you decide to proceed with adding health insurance, the next big challenge is to ensure that you choose the most suitable vendor and the best insurance product for your company. Insurance is complicated and you will need to evaluate and compare various claims and promises from insurers to identify the right match for your business.

Some of the important factors to consider about each prospect are:

• Financial stability
• Customer service approach
• Industry reputation
• Claims processing system
• Provider network

Benefits of Working with an Insurance Broker

It’s likely that the scope of work is daunting—after all, you have a business to run, and you aren’t an insurance expert. Those reasons point to why you may want to consider working with an independent insurance broker like Taylor Benefits Insurance.

Brokers bring value to the project with their expertise and industry experience. They will save you time, money, and aggravation as you evaluate the insurance companies and their individual offers. One key advantage of using a broker is that they are not affiliated with insurers. When you interact directly with the insurance company, they are promoting their own products. Brokers can help you take an overall perspective and identify the policies that match well with your needs.