Wheaton Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Group health insurance is one of the major preferred benefits packages by a majority of employees. It covers medical expenses to the participants and their families. Group health insurance cover is provided by the employer voluntarily. It offers many advantages to both the employer and the employees. They are less expensive compared to individual plans because the risk is spread among the participants who are in a group.

Furthermore, productivity is increased due to a healthier work force which will see reduced sick leaves. Prevention and wellness group health cover fosters employee health and productivity. The employer stays competitive in the market because most employees look for companies with the best compensation and benefits.

What to Look for in An Insurance Provider

Picking an insurance provider is not an easy task considering that there are large corporations with many policies to choose from and small companies offering only a handful of policies. However, there are things to look out for so as to choose the best insurance provider including:

• Licensing – Check the licensing of the company. Make sure that the company you choose can do business in your state because not all companies can operate in every state.
• Reputation – Do a background check of the company you choose to work with to find out about its reputation.
• Rating – Compare their ratings with other companies that offer the same policies.

Benefits of Working with an Insurance Broker

Working with an insurance broker, as opposed to an insurance company, has many advantages. These include:

• The pricing of a broker is better than direct pricing by the insurance company. This is because brokers are given different rates so as to have lower premiums.
• It’s easy to work with an insurance broker because they offer varied communication channels. You can communicate through various channels like online services, phone calls, text messages or even personal emails. They are more proactive and they follow up after the initial quote request.
• Brokers work with speed and are very quick in generating quotation figures and responding to direct queries.