Why a Local Healthcare Insurance Benefits Specialists Is Best
Employee satisfaction is a determining factor in a healthy morale within your company. In fact, one recent survey showed that 56 percent of Adults in the U.S. say that the benefits of their employer-sponsored health plan are a key factor in whether or not they stay with their current employer.
As healthcare benefits specialists in Houston, Texas, we work with a variety of small to large businesses. Our goal is to help employers find and secure benefits that work with their budget and with the needs of their employees. After all, successful employers care just as much about the well-being of their employees as they do their productivity.
Many large employers have to juggle the discrepancies of various marketplaces. What they may not recognize is the importance of having a local healthcare insurance agent manage their benefits. The result of failing to use a local insurance agent is a disparity among your employees.
Fortunately, if you do use a local agent to balance your employee benefits packages there are multiple benefits you can expect. Here are a few ways you can maximize insurance benefits specialists to the greater good of your business.
Local Solutions for Your Health Insurance Benefits
A one-size-fits-all strategy for health care isn’t the best route for your health insurance benefits. Connecting with a national insurance provider and then hoping that they can provide an outstanding delivery of care throughout the many markets you have employees in, will leave you disappointed. Not only will the results be high quality but the costs will likely end up being higher than if your company choose local health insurance benefits specialists.
As local benefits specialists in Texas, we recognize the unevenness of the ever-changing insurance market. We provide a roadmap through the confusion of benefits packages, prices, and coverage options. Providing your employees with the care that they need relies on having knowledge of their needs.
We focus on assisting you in finding local solutions that offer you true care, value, and quality. Offering your employees premium care for each market.
Be Like Disney
During their 22nd Annual Leadership Summit in San Diego, Disney senior executives announced that the company would be restructuring their benefits programs by working with trusted, local healthcare providers to provide better quality care to employees. This employee-centric approach is paying off for Disney and will undoubtedly lead to better care for the hardest working employees in their staff.
By taking care of their employees, Disney is taking care of their business. Senior executives simply do not have the time to analyze market healthcare trends. However, when companies like Disney and your own want to give your employees the best benefits programs, choosing local healthcare insurance specialists aids in navigating those trends.
Affordable price points and high-quality care for employees shouldn’t be an option. And for employees, it is increasingly becoming non-negotiable.
A local healthcare insurance benefit specialists will provide personalized care. Understanding the local market, local providers, and ways to ensure your company and employees get the best possible results is an important part of securing your employee benefits.
While anyone can sell you health insurance, a broker will do much more than just show you a few plans on their computer. Instead, they will have in-depth knowledge of local markets. The goal of a local broker is to understand your company’s needs and the personalized needs of each of your employees. Multiple plan options should be on the table. These would include HMOs, POS, and PPO plans.
No two plans are right across the board. Developing a flexible employee benefits package is the best way to create satisfaction among your employees. At Healthcare Consultants Inc., we sit with your employees to see precisely what type of benefits they are interested in. We also look at demographics and use that to curate a list of options that could be precisely what they want.
Of course, we also factor in your business’ preferences when developing our benefits packages. In most cases, the concern is regarding the budget. However, there are ways to curate an exceptional package without spending more than you want.
Local Brokers Understand State Regulations
Another advantage to choosing a local healthcare insurance benefit specialists is they have a better grasp of local state regulations. The healthcare insurance market is in an ever-changing state. With the Affordable Healthcare Act and subsequent reforms under the current administration, it can be extremely confusing to navigate this diverse marketplace.
This is yet another reason to choose a local health insurance broker. The Texas Department of Insurance manages the healthcare regulations surrounding small business health insurance. Failure to understand these regulations and laws can lead to more serious issues and penalties for your business. But that does not have to be your situation. With the help of a local health insurance broker, you can manage your benefits packages and ensure they are aligned with the local laws.
Of course, there are also federal regulations to contend with. You do not want to expose your business to liabilities from the federal government. Our team of healthcare insurance specialists can help you navigate these regulations and ensure that your business meets the standards of both the federal and state laws.
Updates When Better Options Are Available
Local healthcare insurance brokers have their thumb on the pulse of the insurance market. They understand the dynamics of the changing marketplace. In Texas, the marketplace has gone through many changes, and it continues to make massive changes.
If you do not have the assistance of a local insurance broker you could find yourself overpaying for coverage you could have elsewhere. The day-to-day activities of your company prevent you from following trends and updates from providers. With a broker on your side, you never miss a beat with reduced pricing, better benefits options, and greater flexibility for your employees.
Additionally, if your company grows in employees, you need to adjust your coverage plans. Otherwise, you could fall down on providing sufficient coverage and could even be in violation of certain regulations. Yet again, trying to maintain an understanding of these regulations and changes is nearly impossible without a sufficient support staff. A local healthcare insurance benefits specialists stay on top of these changes so you don’t have to.
Maximizing your employer-sponsored health care coverage is made much easier with a dedicated insurance specialists team. At HCI., we want to be on your team. Give us a call to learn more about how having a local insurance broker can help your business be its best.