While many employers are looking at benefits as an affordable way to attract job candidates, some are finding it necessary to pull back on the type of benefits they offer to their employees.
If you find that a new employer doesn't offer insurance or your existing employer is changing how they provide this benefit, then it might be time to find a way to supply your own insurance benefits.
To start, you must determine what benefits you’re going to need. Employers offer workers compensation coverage, but they may not offer or short- or long-term disability for use with injuries obtained outside of the workplace which means you might need to consider getting that coverage on your own. Health and life insurance are two other types of insurance coverage that many employers offer, but yours may not.
Go through each of the different types of insurance plans you would expect an employer to offer and determine whether or not you need them.
Next, you need to find an insurance agent who can help you get the best policies with the most affordable premiums. Because the cost of insurance is variable, when paying for it out of your own pocket it's important to work with an agent who has access to many different insurance companies. Not only can this help you get the best potential rates but it can also help ensure that you work with the most flexible underwriting based on your individual situation while also securing coverage with insurance companies that are highly rated by A.M. Best.
Health insurance is one of the biggest concerns of employees. For some, a lack of coverage through their employer could mean that they buy an individual family plan, a high deductible plan combined with a health savings account, entrance into their state’s high-risk pool or, if they are age 26 or under, that they go back on their parents’ plan. Once again, this is a decision that your agent can help you make.
If you can't rely on your employer to provide insurance for you and your family, then you need to rely on an agent that you can trust.
Give us a call and we can help you determine which types of insurance coverage you need to invest in and assist you in finding the most affordable way to do so.