Group Insurance Benefits

When you think of group insurance benefits, what comes to mind?

Most people - employers and employees alike - think that group insurance benefits include just the basics: medical, dental, vision and life insurance. In fact there are many other coverages available as a benefit to a company and its employees.

The other benefits include:

Chiropractic Care Long & Short Term Disability Long Term Care Accident Coverage Cancer Coverage Critical Illness Hospital Income Benefit Risk Management Section 125/Cafeteria Plan Administration Cobra Administration Self Funding Plans

So, you can see that the world of group insurance benefits is larger than one might think at first glance. It is also complex with each category of benefit having its own specific guidelines. For most, there are also multiple plan types available.

Additionally, there are hundreds of companies that offer these group insurance benefits. Some of the top insurance carriers are: Aetna, American Specialty Health, Blue Cross of California (now Anthem), Blue Shield of California, California Choice, Cigna Insurance, Delta Dental, Guardian Insurance, Health Net Insurance, Humana, Kaiser Permanente, PacifiCare, Principal Insurance, SafeGuard, Sharp Health, Standard Insurance, The Hartford, United Health Care and VSP.

Combine the types of benefits with the number of carriers and you can imagine how many decisions there are to make when designing a comprehensive group insurance benefits plan.

If there is one piece of advice I can give you that is way more important than what types of coverage you get, which plans you choose, which insurance carrier you get the coverage from, it is this: Consult an expert in group insurance benefits.

An experienced broker will interview you and ask you all of the right questions to ascertain what types of coverage you want and need for your employees. They will take the time to get to know you and your employees. They will find the perfect solutions for your group insurance benefit needs at the most affordable cost.

Don't settle for anything less. Group insurance benefits are one of the largest expenses a business has. You owe it to your self and your employees to get the best coverage available for the lowest price.