Find Very Competitive Rates for Your Company or Group Health Insurance

Posted by datahealthconsultancy on January 3rd, 2014

Nowadays, organisations small or large tend to provide group insurance to their employees. The reason is that such group insurance provided by the organisation benefits both the employees as well as the organisation. On one hand, it helps in attracting the good quality staff to the organisation and secondly it helps in retaining employees. One of the best benefits is that the employees recover fast because of timely medical help. Employees get an option of hospitals, specialists and surgeons. Hence the organisation as well as the employees gets peace of mind.

Shopping around for company health insurance can be quite tedious and time consuming. One reason is that there are too many products out there and it can sometimes be a minefield if you do not know much about private health insurance. Also, you will have to spend a lot of time and energy in negotiating a lower premium rates with them considering that you have shortlisted a few companies.

However, there is a simple solution here in the form of an independent specialist brokers who specialise in being liaisons between the organisations and insurance companies. These specialist brokers often manage to get lower premium rates for you. One reason is that they work with a large network of insurance companies, who usually offer these brokers their best rates, that is, once the insurance companies know what they are up against and if they really want the business they tend to discount their premiums.

There is another consideration while looking for the right kind of health insurance plan for your organisation. Just like every individual, every organisation also has different insurance requirements and a budget. If you try to look for an insurance plan by yourself, you would have to conduct a lot of research in order to find the right insurance plan that suits the requirements of your organisation. In most cases these specialist brokers can save you time and money. They analyse the requirements of your organisation in detail, and match these requirements with the plans that cover them completely where possible. The best part of hiring these specialist insurance brokers is that in most cases they do not charge you for their services as their fees are paid by the insurance companies. Hence hiring these brokers will save you a lot of time, money and effort in getting the most competitive rates for your group or company health insurance.

About the Author:

Dean Ghavami is the Director of DataHealth Consultancy Ltd which was founded back in 2000 and he has over 15 years of experience in the private health insurance industry.