Norwich Group Health Insurance & Employee Benefit Plans

As a business owner in this city, you should consider providing employees with more than just an attractive paycheck. You should provide them with a competitive health insurance and employee benefits package.

Group Health Insurance and Employee Benefits

If you are considering offering employee benefits to your employees, then you should begin by deciding the type of cover you want to provide, who will be covered and how much you want to spend. You should also put into consideration the needs of your employees before coming up with an appropriate group health insurance plan.

What to Look For In an Insurance Provider

Before purchasing an insurance plan, research the companies that are offering the best plans at affordable prices. Here are important tips to help you when choosing an insurance provider:

• Identify your needs first then select an insurance company capable of satisfying them. As a client, it’s important to have an idea of what your insurance needs are and which provider can take care of them after conducting a thorough insurance analysis based on those needs.
• Before committing to buying insurance products, find out the financial stability of your provider to help you determine whether they can fulfill their promises to deliver quality services.
• Focus on the product rather than on your provider’s reputation. Sometimes providers who have a good reputation may lack the innovative products you are interested in. Therefore, you may be required to make a decision based on the product and not the reputation.

Benefits of Working with an Insurance Broker

You will limit yourself to products and services of specific companies when you decide to go straight to carriers. However, insurance brokers offer the following benefits:

• Brokers will provide you with plans from several insurance companies since they do not work for any specific insurance company. Instead, they will customize a policy to suit your needs after shopping for policies from various carriers and at the best rates.
• Brokers compare prices and plans from different carriers when shopping for new insurance policies so as to get the best rates and plans. Doing all this requires a lot of time thus a broker will free up your time by doing everything for you.