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Peter Bocking

 Tags: Health Benefits

Offering the right health benefits plan is critical to your business. The health insurance you choose must be within your budget and help you achieve your objectives, such as improve productivity, employee attraction and retention, and morale. But it must also offer the flexibility and coverage that your employees seek—not an easy balance to strike.

Download our free guide about group benefits and insurance.

When you’re looking to purchase health insurance for your business, working with a full-service benefit specialist firm can help you achieve the balance that you seek, while also helping your business in myriad other ways.

A full-service benefit specialist firm advises on matters related to employee benefits. It offers partial and unbiased advice and services, working with all insurers to get you the best value, at the lowest price.

Here are three reasons why you should consider engaging a full-service benefit specialist firm.

1. You’ll Get the Help You Need to Understand Your Options

Did you know that you can self-insure your benefits? Did you know that a health spending account can significantly reduce your costs? Did you know that dental benefits can be optional? Did you know that voluntary benefits exist, in which you don’t have to pay a dime towards your employees’ benefits? If not, you’re not alone. The world of health benefits is complex. There’s a lot to know, and it can be very difficult to understand all of your options, from the different plan structures to the advantages and disadvantages of each plan. The sheer amount of information can be overwhelming and confusing to a business owner with no experience in the field.

A full-service benefit specialist firm can help you understand and weigh all of your options. You’ll have the relevant information you need to make the most informed and strategic decisions.

2. You’ll Be Able to Choose the Right Plan for Your Unique Business

No two businesses are alike, and your health benefits plan should reflect that. For example, smaller businesses may not have the budget for a traditional health plan and should consider options like voluntary benefits or health spending accounts. Some companies may want to offer benefits to gain a competitive edge during recruitment, while others may want to focus on improving employee retention and workplace quality.

Your full-service benefit specialist firm will work with you to choose a plan that’s exactly right for your business. It will get to know your company and your employees, learn about your budget and your goals, and take all needs and restrictions into consideration to help you make the most strategic decision that benefits both the company and the workforce. This will allow you to offer maximum value with your benefits offering, while always staying within your budget.

3. You’ll Get Ongoing Help after the Sale

When it comes to health insurance, choosing a plan is only half the battle. Once you’ve purchased health insurance, you then have to implement the plan, communicate it and its value to your employees, set up your employee profiles, submit claims, deal with claim issues, handle plan renewal or plan changes, and take care of many other time-consuming and often complicated tasks.

Fortunately, when you work with a full-service benefit specialist firm, you won’t have to handle any of these tasks on your own. The benefit specialist firm will continue to work with you, support you, and offer advice, guidance, and recommendations when required. It will answer any questions you may have, appease concerns, help you cut healthcare costs, and even be the go-between when there are issues with your insurance company.

The benefit specialist firm will also help ensure that the implementation of the benefits plan goes off without a hitch, that your employees are well informed to maximize their use of the plan, and that you can easily maintain or change your plan as required. At the time of renewal, your firm will be by your side, helping you weigh all of your options once again. Now that’s full service!

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Peter Bocking

Peter worked as a Financial Advisor for a few years before joining HMA 7 years ago. He has grown into the capacity of a true Benefits Consultant in that time, and now proudly owns the firm along with his Business Partner, Barry. They have 19 amazing, specialized staff and they’re growing steadily as the specialists to turn to with over 30 years in the Benefits industry. He is a Group Benefits Associate (GBA) and is working on completing his Compensation Management Specialist (CMS). Peter loves spending time with his family. They give back to the community they live and work in. He is a proud member of Rotary and he is heavily involved with various other charitable and not-for-profit efforts. If you can’t find him around town, he’s probably singin’ a few tunes with guitar in hand.
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