Tuscaloosa Group Health Insurance & Employee Benefits Plans

Tuscaloosa, AL is more than a college town—it’s home to the world-famous University of Alabama and the Crimson Tide football team. Tuscaloosa also boasts Stillman College and, as a result, a highly educated labor force.

Employers in Tuscaloosa must find a way to stand out from the competition to find success in recruiting and retaining skilled employees. One great way to be an attractive employer is by offering a robust benefits program that includes health insurance.

Group Health Insurance and Employee Benefits

While the Affordable Care Act (ACA) requires that most large employers provide affordable health insurance to their workers, small companies are still exempt from this obligation. However, workers prioritize health insurance as a component of their benefits plans and are more likely to stick with a company that offers group coverage. The primary reason for this preference is that group coverage is typically more comprehensive and less costly than an individual plan.

Smaller companies may hesitate to shoulder the cost, but many share the premium expense with their employees. In addition, these costs are business expenses and may be tax deductible. Also, these employers may offset the cost with savings in hiring and training.

What to Look for in an Insurance Provider

Once a company decides to include health insurance in the benefits package, it must face the challenge of choosing an insurance company. This step requires extensive research and evaluation of potential vendors. Consider these factors when engaging in this process:

• Is the insurer reputable and financially stable? Your employees expect their insurance coverage to come from a high-quality company. It’s important that the insurance provider you choose has the financial resources to meet its current and future obligations.
• Does the policy include the best medical providers in the community? Employees will be disappointed if they have to change doctors or go to a lower-rated hospital to avoid additional charges.
• Does the insurance company deliver great customer service and prompt claims processing? It’s vital that employees can expect quick resolution of any issues and concerns.

Benefits of Working with an Insurance Broker

Instead of devoting your time and energy to searching for a suitable insurance provider, consider partnering with an independent insurance broker like Taylor Benefits Insurance. Brokers are industry experts. Since brokers are not allied with any insurance company, we can offer unbiased recommendations of the products and providers that make sense for your circumstances.

Let a broker do the research while you focus on running your business.

Call 800-903-6066 for a free consultation about Group Health Insurance and Employee Benefits Plans.