Three Ways a Health Insurance Broker Can Help You

As an employer, you have many responsibilities to your staff. You need to maintain a hospitable workplace, encourage employee growth, and provide benefits to your full-time team members. The last of these is particularly important. Offering sufficient benefits isn’t just the right thing to do, it’s often legally mandated for employees who work at least 30 hours per week. Finding the right insurer to partner with and obtaining the best rate is a challenge, and it’s often overwhelming for big and small companies alike. If you are wondering what resources exist to help you with this process, you will likely be interested in the services of a health insurance broker—but what does a health insurance broker do? There are several ways such a professional can help you.

Negotiate the Best Deals for Your Group

Of course, money is one of the top concerns when it comes to securing health coverage for your employees. You never want to spend too much, but you also do not want to opt for a cheap and unsatisfactory option. A skilled health insurance broker can help you land exactly where you need to be by finding quality comprehensive plans that fit within your corporate budget. Brokers partner with insurers, too, so they have the opportunity to secure rates and discounts that you may not have access to on your own. Brokers typically work based on commission rather than a fee, too, so there shouldn’t be any additional cost for their services.

Provide the Power of Knowledge

Knowledge is power, and if you are seeking the best insurance policy for your company, you cannot afford to be in the dark about your options. Your research can only reveal so much, though, and sometimes information about certain policies isn’t even publicly available. How do you ensure you’re fully equipped with the information you need to make an informed choice? A health insurance broker will give you details on the following:

• Pricing options and potential discounts
• Network coverage and costs
• Copays and deductibles for policies

Keep in mind that some of the information a health insurance broker provides may not be accessible to individual purchasers dealing with an insurer directly.

Give You An Impartial Perspective

Though brokers may receive commissions, many of them work with multiple insurers to find the coverage options that are best for their clients. If you are only dealing with representatives of individual companies, you might not get the full picture of your options, and the information you get will be favorable to that particular insurer. A broker, on the other hand, will be able to provide you with information about a number of different insurers and their plans, so they should not be biased towards or against any one provider. With an impartial advocate on your side, you can rest assured that you interests are taken seriously and you will have access to the best options available for your company, your employees, and your budget.

For more information on finding the best insurance plan for your company, contact Sackett & Associates Insurance Services at 707-823-3689.