Whether you have just one or two employees or a handful, offering the best health insurance employee benefits can provide you with that bonus needed to entice new talent and grow your business. However, choosing the right plan for your company and your employees is no easy task, because there are so many variables, plans, and options to pick from. The right health insurance product is one that meets your needs.
An Arizona group health insurance broker can guide you through the process, provide information about the variety of health insurance employee benefits plans for small businesses, help you choose the perfect plan for your current and future employees, and help you make changes as your company’s budget and needs grow and evolve.
Health Insurance Employee Benefits are Complex
The world of health insurance employee benefits is complex and full of terminology that most people aren't familiar with, and this can make it difficult to navigate. The type of health insurance that’s right for your business depends on a number of individual factors, such as company size, the needs of your employees, budget, the age of your employees, what additional perks you want to offer, and more.
The numerous variables associated with group health insurance means researching and selecting personalized health insurance employee benefits plans for your company can be nearly impossible without assistance from an insurance expert, especially if you don’t have any experience in the field, are unfamiliar with the terminology, and don’t fully understand your options.
For instance, there are a variety of employee benefit packages that offer different levels of service, such as:
Essential health coverage (including prescriptions, lab work, emergencies, and more)
Health and dental (essential health insurance plus dental coverage)
Employer minimum contributions
Minimum requirements for participation
Health Savings Accounts
Gap insurance that covers employee deductibles
What more details? This is a good blog about employee benefits.
Where Can You Get Health Insurance Employee Benefits Packages?
When searching for help with health insurance employee benefits products, a small business has two main choices: an insurance agent or an insurance broker. While both roles are similar in terms of the products they sell, the main differences are bias and product variety.
A health insurance agent represents a single insurance company and only sells that company’s health insurance employee benefits products. In contracts, a health insurance broker represents insurance products from numerous health insurance providers. As such, an independent health broker will be more impartial and unbias than a health insurance agent. An insurance broker will have access to a broader range of insurance products and will have more flexibility when it comes to personalizing options to suit your needs and budget.
When it comes to attracting and retaining talented workers for your small business the health insurance employee benefits your company offers are often the deciding factor on that perfect prospect accepting your offer. Brokers can offer you a much broader variety of insurance options and products which can make your company rise above the competition for finding and keeping the best employees.
In a nutshell, both agents and brokers sell health insurance employee benefits products, many people feel that agents work for the companies, whereas brokers represent the clients (i.e., you).
Independent Health Brokers Offer Unbiased Guidance
The major advantage of working with an independent health insurance broker when choosing group insurance for your company is unbiased guidance. A broker will explain terminology you don’t understand, lay out your plan options, answer questions, and walk you through the entire process, from shopping to comparing and quoting to implementing and beyond.
In fact, a health insurance broker is more like an insurance life partner, because your broker will always be available to help with things like new enrolments, claims, billing, changing products, renewals, and more. Another great thing about brokers is they are experts in the field, and that means they have in-depth knowledge about the plans, laws, and regulations that could impact your company, changes that are coming, and more.
Finally, brokers are experts at personalizing plans based on the needs of their clients, so they’ll take into account all the factors to find a perfect solution for your business.
Speak with the Best Independent Health Insurance Broker for You
Researching and choosing the right group insurance plan for your company is important if you want to attract and retain the best talent in the coming years because people look for extra perks like health benefits when making career decisions.
Contact us to schedule a free consultation with an Arizona health insurance broker to discuss ways to lower your small business health insurance premiums.