Lawrence Group Health Insurance & Employee Benefit Plans

The City of Lawrence, Indiana, is a great place to live, work, play and raise a family. This city offers award winning schools, affordable housing and a friendly atmosphere. Thus, employers in this city will do well to offer a conducive work environment by providing workers a comprehensive employee benefits plan.

Group Health Insurance and Employee Benefits

Offering group health insurance and employee benefits often helps to improve workers’ morale and job satisfaction. According to findings of the 2016 Health and Voluntary Workplace Benefits Survey, the majority of workers value health insurance as being the most important workplace benefit that influences their decision to stay with their current employer or  move on to a new job. As such, employers who want to recruit top skilled workers need to consider offering a competitive benefits package. Having the right mix of benefits will give you an upper hand when it comes to attracting, recruiting and retaining top talented workers. Moreover, it also goes a long way in harnessing employee loyalty hence a decline in employee turnover.

What to Look For In an Insurance Provider

Finding the right provider for your group health insurance and employee benefits is the first step to offering your workers a sound benefits plan. Some of the things you must look for in a provider include:

• You need to look at how the insurance provider has been rated by various independent rating agencies. This usually gives you an idea about the financial strength of the company. Remember, you do not want to sign up for a plan with a company that is insolvent.
• You need to know what other people are saying about the insurance provider by looking at reviews from past clients. While the idea is not to find positive ratings only, you want to go further and find out the reasons given for negative feedback.

Benefits of Working with an Insurance Broker

Although insurance brokers are often dismissed when looking for a suitable provider for group health insurance and employee benefits, they are perhaps the best option to work with. Brokers bring along numerous advantages that include the following:

• Insurance brokers save you the hassle of having to source for quotes and compare various plans before reaching a decision because they work with various carriers.
• Brokers usually give you access to a wide product shelf because they work with multiple insurance carriers.
• Insurance brokers tale time to guide you through the details of your policy just to be sure that you understand it all before you put pen to paper.