Nampa Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

A Strategic Benefits Survey conducted by the Society for Human Resource Management revealed that organizations are leveraging benefits to recruit highly skilled workers at all levels of the organization. In particular, employees are drawn towards employers that offer a benefits package that includes health care. Thus, it’s advisable to continue providing benefits that are important when recruiting especially if you are aiming at the crème of your industry. To achieve this, you can focus on having a strong overall benefits package that is accessible by all employees.

What to Look for In an Insurance Provider

When choosing an insurance provider for your group health insurance and employee benefits packages, you need to consider a number of things that include the following:

• Licensing. Ensure that the provider is licensed to offer services in your city because you can always get help from the state insurance department in case of a problem.
• Financial stability. You need to be sure that the company is sound financially before committing to working with them by looking at various independent ratings.
• Expertise. The insurance provider must be experienced in dealing with group health insurance and employee benefits.
• Price. Insurance providers will always have varying rates, shop for a provider that is offering reasonable prices without compromising on value.

Benefits of Working with an Insurance Broker

Although it’s easy to buy insurance directly from an insurance provider, you should consider working with an insurance broker especially if you are buying group health insurance and employee benefits for the first time. Some of the benefits of a broker include:

• Brokers are experts in their field and are able to answer all your questions to ensure you are well informed before signing up for a plan.
• Unlike insurance agents, brokers offer you personal service because they do not work for a specific insurer rather they work with multiple carriers to give you the best option possible for your needs.
• Brokers take time to clarify what would often come up as hidden clauses or small print so that you are aware of policy excesses and exclusions in advance.