Sycamore Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Group health insurance may be a complicated venture especially for employers offering it for the first time. The laws governing insurance policies may not be easy to understand and you may not be aware of the best policies for your business and employees. Engaging an insurance provider will help guide you through the process so that you can make an informed decision. This way you can stand above the competition by attracting, recruiting and retaining the most talented employees. Employees get the comfort of having the bulk of their healthcare taken care of, which can be quite expensive.

All the participants get a uniform cover which promotes a feeling of community. The coverage caters to both employees and their families, which shows that you care about their well-being making them identify more with your company. The wellness cover ensures the improved health of your workforce which reduces absenteeism hence increasing productivity.

What to Look for in an Insurance Provider

A good insurance provider should meet all your specific needs, therefore analyze your own needs and look for an insurance provider who will satisfy them. In order to come up with the best insurer some top qualities to consider include:

• Price – Compare the prices from different insurance providers because each policy varies in price from one insurer to another. Also look for hidden charges.
• Licensing – Choose an insurance provider that is licensed to operate in your state.
• Good customer service – Good customer service is an asset in any insurance provider. Ensure that they have an available customer service who can respond to your queries in a timely manner.

Benefits of Working with an Insurance Broker

A good insurance broker can save you time and money. Consider working with an independent broker due to the following reasons.

• Insurance brokers will help you find the right level of insurance cover by comparing policies from the different insurers they are in contact with.
• They are experts and are trained to understand your needs so they will recommend the most suitable plan.
• They work with many insurance companies and have access to many policies, some of which may not be available to the customer; therefore you have options to choose from.
• Insurance brokers come in handy during claims and settlement. They will answer questions on your behalf and complete any formalities for a quick compensation.