A comprehensive benefits package is integral to taking care of your employees’ health and wellness. Furthermore, these incentives can play a significant role in your business attracting top candidates and retaining current talent. Taking the time to understand group benefits and acquiring an optimal portfolio is critical for ongoing success.

Fortunately, Insurance Associates has been helping businesses in the Middletown area understand insurance solutions and benefits packages for over 50 years.

How Do Group Benefits Work?

Group benefits make it possible for employers and other organizations to purchase a single plan offering various insurance coverages and other beneficial programs to their employees or members.

Employees are given the option to accept or decline various benefits within the group plan and may also be able to enlist their spouses and dependents. Group benefits are usually more cost-effective for members than individual coverage for the following reasons:

·        Employers may opt to cover a portion of premiums

·        Providers can offer lower costs due to risk being spread across the group

What Group Benefits Should You Consider?

Group benefits can include a variety of features. Some common and valuable options for your business to acquire may include the following:

·        Group health

·        Group life and accident

·        Group disability

·        Voluntary benefits

·        Absence management

Thoroughly assessing your employees’ needs and preferences, as well as your business’s specific circumstances, are critical steps in acquiring optimal group benefits packages.

Get the Right Coverage

Group benefits are both a valuable way to take care of your employees and an effective attraction to separate yourself from competition in the labor market. These arrangements provide employers with opportunities to offer valuable benefits at an optimal price and can be a crucial investment for securing your company’s future.

The agents at Insurance Associates are ready to help your business assess its group benefits options and build the ideal package. Contact us today to get started.