Woodridge Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Among the issues that business owners in Woodridge have to deal with is providing health insurance to their employees. Group health insurance is the most important aspect of an employee benefits program. It protects workers against the risk of paying huge medical expenses that are usually difficult to predict.

It’s important to note that as an employer, you are required by the Employer Mandate under the Affordable Care Act (ACA) to provide healthcare insurance to your employees if your company has more than 100 full-time employees. Should you fail to implement the Employer Mandate, you will attract a penalty.

What to Look For In an Insurance Provider

What criteria should you use when selecting an insurance company? Below are tips to consider:

• Make sure your provider can be reached easily; be it over the phone or in the office when you need to make an inquiry or have an emergency.
• Find out the kind of services your provider offers clients. Ask other clients whether the provider responds to their concerns or questions quickly.
• Choose providers who have been sound financially for many years. You will not only be assured of peace of mind, your needs will also be taken care of.

Benefits of Working with an Insurance Broker

You need the help of experienced brokers to help you find the right insurance coverage to cater for your needs. The following are the benefits of working with insurance brokers:

• They will inform you about insurance regulatory changes to ensure compliance is observed.
• Their expert knowledge and experience in health insurance matters will help you when creating plans for your employees.