Texarkana Group Health Insurance & Employee Benefits Plans

Texarkana, AR, lives up to its name, as it straddles the state border with Texas, just north of Louisiana. Texarkana is home to 30,000 people on the Arkansas side of the border, while the Texas side is even larger with 36,000.

This thriving community offers a great environment for local businesses, which can recruit from a skilled labor force. However, competition for workers is tight, and companies can stand out by offering great benefits plans, including group health insurance.

Group Health Insurance and Employee Benefits

Employees want access to employer-sponsored health insurance because it offers them better coverage at a lower price when compared to an individual plan.

However, some employers hesitate to include insurance in their benefits plan because it’s a costly benefit option. What many companies find out is that they can recoup some of the expenses using tax deductions and by sharing the premium cost with the subscribers. Further, as turnover decreases, the business may also spend less on recruiting and training.

What to Look For In an Insurance Provider

Once your company decides to proceed with group health insurance, how do you identify the best insurance company for your needs? It’s not an easy job since many insurers will promise great things but fail to deliver.

As you begin the search, keep these things in mind:

• You want to choose an insurance company with deep financial resources. Insurance is a volatile business, so the company needs to have the ability to respond to claim surges.
• Choose an insurer with a great reputation and a positive approach to customer service.
• The provider network is vital if the structure you offer includes an HMO or PPO. Your employees will expect access to the best doctors and hospitals in Texarkana.

Benefits of Working with an Insurance Broker

Rather than devoting your time and effort to this project, consider partnering with an independent insurance broker like Taylor Benefits Insurance to find the ideal insurance provider for your needs. Working with a broker will typically save you both time and money. Consider these advantages:

• Brokers are not affiliated with insurance companies. That means they won’t try to steer you toward an in-house product. Instead, a broker will offer you a fair comparison of your options and recommend the ones that are most suitable for your company.
• Brokers already know the industry. You won’t have to learn the ins and outs of insurance. Our consultants will get to know your company so they can make appropriate recommendations.
• A broker can often negotiate rates that are lower than those you would be offered by the insurance company, which will help you save money on the products you want.