Tamarac Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

As an employer, you may be faced with the tough task of hiring and retaining talented workers in order to run a successful business. While you would like to take advantage of the unlimited amounts of talent for major positions, it is not easy to attract, recruit and retain workers due to a prevailing competitive business environment. One of the ways to stay ahead of the pack is through offering an attractive compensation package and employee benefits. In fact, for many employees the decision to take up or turn down a job offer is based on the kind of benefits on offer.

What to Look For in an Insurance Provider

The process of looking for an ideal insurance provider can be difficult but not impossible. You need to look out for the following before settling for a particular insurance provider:

• Find out if they are an agent or a broker. Insurance agents work exclusively for a specific company while a broker works with different carriers.
• You need to be sure that the insurance provider is qualified to provide group health insurance and employee benefit plans. You do not want to engage a provider that is not conversant with this area.
• Look out for the provider’s financial strength and reputation as they go a long way in determining their ability to fulfill their promises.

Benefits of Working with an Insurance Broker

Insurance brokers are perhaps the best channel through which you can provide your employees a competitive group health insurance and employee benefit plan. Some of the benefits of working with an insurance broker include:

• Expertise. Brokers are able to handle all your insurance queries since they have invested their time and gained experience in handling group insurance matters over the years.
• Unlike insurance agents whose first allegiance is their provider, brokers are committed to working for you thus they will sift through the many options available from different carriers to give you a perfect plan for your needs.
• Brokers offer you a one stop shopping option since they work with different carriers and are able to put together components to create a custom plan.