Weston Group Health Insurance & Employee Benefit Plans

Group Health Insurance and Employee Benefits

Group health insurance, being one of the major employee benefits, is important for any employer who wishes to come out on top. Employees will choose an employer with such benefits over one without which aids you in recruiting and retaining top talent.

Group health insurance provides a great bargaining power to the employer hence commanding cheaper group rates, which makes it affordable. Since your employees are getting the same benefits, they feel as part of a community increasing their loyalty to you. Your company’s productivity will improve due to the improved health of your workforce.

What to Look for in an Insurance Provider

With so many insurance providers ranging from industry giants offering hundreds of policies to small businesses with a handful of policies, getting the right one can be quite challenging. Here are some of the qualities to consider to so as to choose the right provider:

• Reputation- Look into each insurance provider’s reputation. Check to see if they are legitimate and will be there when you need them. Compare their ratings to that of their peer companies.
• Rates- Every insurance provider offers different rates so check to make sure you are getting competitive rates. You will find this information in your state’s insurance department.
• Financial stability- Check for the financial health of the insurer by checking their ratings. You can get this information online, on phone or at the local library. Make sure that the company you choose can meet their future financial obligations

Benefits of working with an Insurance Broker

When you want to purchase an insurance policy, working with an independent insurance broker is a better choice. Some of the reasons include:

• An insurance broker is not tied to a specific company’s products. They work with different companies to find the best deal for the client.
• Brokers are experienced in a wide range of products and services and they have the best qualification to recommend policies that best suit your needs.
• They guide you through the claim process which can be stressful, by answering any questions and assisting with the paperwork.