Health Insurance

Health insurance is perhaps the most fundamental benefit an employer provides for its employees. Since healthcare costs have skyrocketed over the years, a quality health insurance program serves as a powerful recruitment and retention tool. When employees are happy with their health insurance benefits, it promotes high morale and company loyalty.

Health insurance can also prove to be an expensive benefit. It is not uncommon for employees to share in the cost of their health insurance benefits, with the employer typically picking up the majority of the cost.

Health insurance can be broken down into two broad categories, Managed Care and Traditional. Within those categories, there are four basic types of plans:

HMO (Health Maintenance Organization)

PPO (Preferred Provider Organization)

POS (Point of Service)

Traditional Indemnity Plans

The multiplicity of health insurance options can be daunting. The best way to be sure you have the most appropriate plan that meets your needs- and does so in the most cost effective way, is to have an insurance professional gather specific information about your company and its needs. When dealing with unique companies, comprised of unique individuals, "cookie cutter" plans just don't do the job. Only a customized solution that best suits your company will result in maximized employee satisfaction, loyalty, attraction, and retention.

Health insurance may very well be the most significant benefit at a company. It behooves the intelligent company to seek guidance from experts in this area to ensure benefits are maximized and costs minimized.

Click here for a 1 Financial Marketplace insurance specialist to contact you to assist you with your health insurance needs.