West Palm Beach Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Offering employee benefits packages helps to build a positive company culture that will contribute to making your employees health and happiness. Employers who offer group health insurance stand to gain through tax reliefs for their businesses because premiums paid by the company are tax deductible. Productivity is boosted because there are reduced sick leaves and improved general health of your workforce.

Highly skilled and hardworking employees are recruited and retained in the company, as they view your company favorably. Employees also get a tax relief since their premium deductions are deducted from their salaries before tax which decreases their taxable income.

What to Look for in an Insurance Provider

When choosing an insurance provider, it is good for a customer to understand their needs so that they can look for a suitable provider. Some of the things to look for include:

• Reputation – Check to make sure you are working with a reputable company before making any commitment. Find out about their relationships with their existing clients and how well they satisfy those clients.
• Customer Service – You will want to work with an insurance provider who responds to your queries fast and effectively. Make sure they have good customer service in place who will be there every time you need them.

Benefits of Working with an Insurance Broker

Upon deciding to purchase an insurance cover, choosing to work with an insurance broker can be very helpful. Some of the reasons to choose a broker are:

• Insurance brokers are independent of any specific company’s products. They therefore work with different companies to find the best deal for the client.
• Insurance brokers are licensed to recommend the best policies for your needs due to their vast experience on a number of products.
• They make work easier for you during claims by answering any questions that you might have and guiding you where you do not understand.
• You are assured of protection of your privacy when you work with an insurance broker. They have a Code of Ethics which requires them to keep your discussions and information confidential.