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Running Your Business vs. Running Around In Circles

If you’re a business owner asking yourself whether you should buy health insurance through a broker, you should ask yourself the following questions:

  • Do you want to spend your valuable time sifting through dozens of coverage options and hundreds of pages of plan documents?
  • Are you familiar with what your company’s health insurance needs are and how best to meet them?
  • Have you studied how group health insurance works and the obtuse language insurers often use?
  • Do you know which plans combine the best rates with the most coverage?
  • Are you comfortable with the knowledge and resources to enroll participants, manage claims, and address issues or problems if they arise?

If you answered “no” to any or all of these questions,” then your answer to the question of whether it is better to buy health insurance through a broker is a resounding “yes.”

The fact remains that a licensed, independent, Colorado group health insurance broker possesses several things that you don’t: expertise, resources, and time. They also have one job: getting your employees the coverage that can keep them healthy and happy at prices that keep you and your accountant equally satisfied.

The best part of working with a broker? You reap all of the benefits of their efforts without paying them a dime. Given all that, the question about whether to buy health insurance through a broker isn’t really much of a question at all. Here’s why.

Brokers Know Health Insurance Inside and Out

You are a smart, successful, and savvy businessperson. You know your business and industry and have the skills to grow and thrive. But as sophisticated as you are, you may still find yourself overwhelmed by the complexities and nuances of group health insurance. Comparing multiple plans from several carriers while also trying to match your company’s specific needs with those plans can be an intimidating endeavor. Even the language of health insurance coverage may seem incomprehensible.

At Preferred Insurance in Colorado Springs and Denver, our highly experienced health insurance brokers will bring clarity to the complex and explain things in simple, understandable terms. We have the training, background, and resources to know which coverage features employees love the most and the ability to find flexible plans with the best options.

Related: Tips For Reducing Small Business Health Insurance Costs

When You Buy Health Insurance Through a Broker, You’ll Get the Best Options

Independent group health insurance brokers like Preferred Insurance typically work with and can get quotes from several different carriers. Working with multiple carriers means you’ll get plenty of options for coverage in Colorado that offers a wide variety of features at prices likely to fit any budget.

Importantly, an independent broker won’t make any more or less money for recommending one plan or carrier over another. As such, your broker’s only incentive when proposing coverage options is to provide you with the plan that’s best for you, not the plan that’s best for them.

A Broker Will Save You Time

Group insurance plan documents may contain important and valuable details about the coverage provided, but they are hardly page-turners, and they won’t soon become major motion pictures. Unless you want to make your head hurt and you have all the time in the world to spare (or if you’re trying to help yourself fall asleep!), you probably don’t want to spend hours upon hours going through a whole bunch of different plans and thousands of pages of documents.

When you hire a broker to review plans and summarize your options, you can spend your time running your business, not running around in circles. Your broker will narrow your choices to those plans which provide you with the best coverage for your needs and budget. They will help you and your employees enroll, pay premiums, and maximize benefits.

Your Broker Will Be There When You Need Them

Selecting a plan and enrolling in a group plan is the beginning – not the end –  of your health insurance coverage experience. As time goes by, plan options or laws may change, rates may go up, and your company’s needs may evolve. When you buy health insurance through an independent broker, you’ll have a trusted advisor available to answer any questions or address any issues that arise in the months and years ahead.

Looking to Buy Health Insurance Through a Broker? Look to Preferred Insurance

Preferred Insurance works hand-in-hand with small businesses throughout Colorado to select and implement group health insurance programs that provide their employees with the best benefits at the most affordable rates. We are locally owned and operated and deliver free quotes in less than 48 hours.

Contact Preferred Insurance today to arrange for a free consultation with a Colorado Springs health insurance broker to discuss your small business health insurance needs.