Portland Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

At the mention of health insurance, most people imagine an overly expensive affair. However, with group health insurance, one can offer health insurance to their employees without having to contribute a lot of money in terms of yearly premiums. Group health insurance is an effective way for you as an employer to make sure that your employees have access to the American healthcare system.

Employees appreciate this form of employee benefit because it not only allows them access to healthcare facilities but their dependents as well. This ultimately makes their lives easier and can be seen as a great incentive to retain them in your company.

What to Look For In an Insurance Provider

For an effective medical cover, you want an insurance provider who will be able to deliver quality services. However, most consumers do not have a background in insurance policies and might find it hard to decide amongst the numerous insurance providers in the market. To make things relatively easier, there are qualities to look for in an insurance provider to determine whether they are capable of offering quality services.

• The financial rating of an insurance provider is important to consider. As a consumer, you want a company that is able to withstand market forces. You can find this information by visiting your state insurance department or accessing the yearly ratings posted online by independent companies.
• Check whether your insurance provider covers your base of operation. Do they cover hospitals that are more accessible to you and your employees? This would prevent you from paying extra every time you visited a health facility that does not fall under your cover.

Benefits of Working with an Insurance Broker

Some people prefer working with an insurance broker. This is because insurance brokers are known to save you both time and money in your quest to find the right insurance provider. There are various reasons why it would be best to work with an insurance broker.

• Most insurance brokers, like Taylor Benefits, have access to multiple carriers in the market. This allows them to source for the best policies for you. They might even go a step further and do annual reviews of your carriers to ensure that you keep the most competitively priced ones.
• Insurance brokers are also responsible for explaining any jargon found in your policy. They will offer you valuable advice before and after signing of the policy document as well as make claims on your behalf.