The landscape for group insurance in Greeley, Loveland, Fort Collins, Longmont, Windsor, CO, and the surrounding areas is constantly changing, and it often helps to have a guide to explain what it all means. At Volk Insurance Benefits, we can help you understand how this changing landscape affects both you and your employees. New aspects are being added to group insurance, and while some of these may or may not be around for the long term, it’s good to understand them so that you can also explain them to your team. Contact our independent insurance agents today to schedule a time to review your current group insurance and see what else is on the horizon.
Technology Will Play an Increasing Role
Embracing technology is a hallmark of our modern society, and group insurance is now no different. Insurance companies are adding technological aspects to their policies that help with enrollment, managing of claims, as well as real-time access to medical records. This streamlining of processes enables people to more quickly handle medical issues with their insurance while at the same time helping to keep costs down to prevent large increases in premiums.
Technology is also helping to create the possibility of more personalized plans within group insurance. Members of the group insurance plan can have multiple options within the plan that best suit their needs and the needs of their family. The same technology also provides a large amount of data that allows insurance companies to better tailor coverage.
Using Existing Options Wisely
In some cases, group insurance plans are being used in conjunction with other options to provide an interesting mix of health insurance coverage. Group plans can have a higher deductible that only kicks in when severe issues arise, for example an automobile accident. However, these same organizations offering group insurance may also offer HSA plans that make it much easier for team members to be able to afford lower level medical costs, such as copays for prescriptions or other services.
Understanding how best to utilize group insurance for your team is a conversation worth having with one of our independent agents at Volk Insurance Benefits. We have worked with hundreds of different organizations in Greeley, Loveland, Fort Collins, Longmont, Windsor, CO, and the surrounding areas, and have helped them to get the right group insurance in place that fits their needs and that of their team. Contact us today to schedule a time to review the group insurance options available.