Designing Employee Benefit Plans

How is insurance treating you?. For years we have been struggling to keep up with premium rate increases as major insurance carriers change their benefit designs, which has become more critical for business or non-profit organizations, to partner with an agency that is current on the market trends. Whether you have a business or you're just the average working American citizen nowadays with healthcare costs so high it is beneficial to every one the worker and employer to have benefits or to be awesome can a benefit plan.

I researched a company called Laurel Insurance Network, owned and operated by Laurel Swartzwelder. Established May 19, 2003. Laurel Insurance Network specializes in the design of employee benefit plans. The agency is specifically designed to be a valuable tool for the business owner, non-profit director, union negotiator or board of directors. They also work with small business owners as well as big corporations.

The insurance industry is in a constant state of change. Through 14 years of and shorts experience working with literally hundreds of business and nonprofits throughout Western Pennsylvania, Ms. Swartzwelder can provide a balanced view of market trends within the insurance industry. By establishing a working partnership with the decision makers of a business, corporation or organization of any kind profit or non-profit, a no obligation to review of the current employee benefit plan can be completed to establish if the current employee benefit plan meets the goals of the company as well as the needs of the employee base of the company today.

Laurel Insurance Network supports the decision makers on many levels regarding the evaluation of the current employee benefit design, establishing priorities for the renewal period, updated proposals from the medical, dental, vision, life, disability and voluntary benefit market as indicated by the evaluation and establishment of goals conversations. The great part about this company, is that they come to your workplace to present the plans to you and your employer.

The partnership continues prove the decision-making process, presentations of renewal decisions to the employees with onsite custom designed presentations and enrollment meetings, and full service to the employer and employees throughout the plan year. Each decision-making process is unique each company and non-profit has its own unique goals and challenges. That goes to say they can design their program to run with any individual business exactly how the employer wanted to be.

In the last 10 years, the investment by the employer and employee benefits plan has grown significantly. Many times the employee benefit plan is one of the largest monthly investments the employer makes into the business following payroll. Goes to show you some business owners actually do care about their employees. Most of the time the employee benefit plans or the last item on the table of union negotiations. Listening to the decision makers objectives and working on the behalf of the employer and employee not only door and renewal but throughout the plan year.

Insurance has its own language. Similar to that of a lawyer. You must understand court language or you will be lost in the whole process. That's how it is the insurance with language like Deductibles, PPO, HRA, HAS, FSA, Copay, Co-insurance all tend to eventually sound like alphabet soup to a non insurance industry person. Most employers know there is a fine line between offering a valuable, competitive, employee benefits package to attract and keep the best employees and being able to keep the business doors open. The fine line has become more difficult for small business owners to negotiate in the past 10 years.

In the insurance industry a small business is any business with less than 1000 employees currently enrolled in the plan. Ms. Swartzwelder, for the last 11 years through her previous employer as well as Laurel Insurance Network, has been a partner and advocate of the small business in non-profit community throughout western Pennsylvania, with the largest percentage of employer members in Washington county.

Well this does seem to be one company to keep in mind when when running, starting, or owning your own business. Well this concludes my article for today I hope you enjoyed reading. Remember there is always more to come and try my best to keep you inform and updated to whats going on in the world around you. To see for yourself if Laurel Insurance Network, is right for your business, remember it can be profit or non-profit you can contact Ms. Swartzwelder at 1800 487 0293.