Why You Should Bring Your Agent in to Talk to Employees

Leap | Carpenter | Kemps Insurance Agency | Jun 16, 2020 | minute read

Your business may offer benefits to your employees, but how much do those employees understand about their options?

In most cases, employees still have questions that you may not have the answers too. Even with policy paperwork, it’s not always clear what each plan covers and what the costs to the employee might be.

Make it easier for employees to choose the right benefits for their needs by bringing in your agent to talk with them. Employees can ask questions and get reliable, accurate answers. It’s the ideal solution for both your business and employees.

Explaining Employee Benefits Insurance Types

What’s the difference between FSA and HSA and what do each mean? Which works best? If your employees come to you with these questions, you might feel like a deer in headlights. Instead, ask your agent to come in and speak to employees about the variety of benefits insurance types.

For instance, your agent could easily explain the difference between a flexible spending account (FSA) and health savings account (HSA). He or she can also help explain more about dental, disability, life, vision, and long-term care insurances. They can even dive into how to prepare for retirement with their 401(k) plans.

Helping To Improve Employee Health & Well Being

Healthier employees are much more productive and happy. Unhealthy employees cost businesses billions annually. By living healthier lifestyles, employees get sick less and feel better overall. However, most employees don’t know how easy it is to make simple changes that can drastically change their lives.

By focusing on health and well-being programs, employees tackle their own unique health challenges. From losing weight to better managing stress, it’s vital to help your employees feel better. This is where your agent can help.

They’re well versed in the most effective ways to engage employees and get them started on the right health and well-being plans. This may involve adding in more exercise, mindfulness training, eating better, improving sleep and much more.

Helping to Improve Employee Financial Standing

Finances are always a source of stress for employees. While most people know they need to save for retirement, most have no clue where to start. Their budgets might not allow them to put much, if anything, into a retirement plan each paycheck. In fact, approximately a third of Americans don’t have any form of retirement savings in place.

From feeling like it’s too late to not understanding their options, employees are more stressed than ever as they try to improve their financial standing now and in the future. However, your business likely offers ways to help them get ready for retirement.

However, how much do your employees know about how their 401(k) builds value or how much your business contributes to the plan? Help them on the right path to financial freedom in their golden years by bringing your agent in to talk to them.

Your agent not only helps, but their other retirement planning options. From picking low-risk investments to creating better budgets, your agent helps to reduce some of their financial stress and improve employees’ overall financial standing.

Helping with Peace of Mind

Death isn’t something anyone wants to think about, but it’s a topic that weighs on the minds of your employees often. What would happen to their family if the worst did happen? After all, a random accident while traveling to work or an underlying health condition could result in a death at any age.

Funerals aren’t cheap. In fact, the average costs are around $6,000, but may easily cost over $11,000. Most people don’t have this kind of money lying around. This also doesn’t include other expenses, such as:

  • Credit card debt
  • Mortgages
  • Outstanding medical bills
  • Child care (for spouses that may have to work extra hours or stay-at-home parents who must suddenly work outside the home)

No one wants to leave this type of burden behind. This is where life insurance helps. However, most employees don’t realize they have multiple options available. Your agent helps to give employees peace of mind by helping them choose the best way to protect their loved ones in the event they do pass away.

Improving Availability for Employee Questions

The biggest reason to bring in your agent to talk to employees is to answer employee questions. From deductibles to understanding their options, employees have numerous questions. Unless you fully understand the benefits you’re providing to your employees, you need an expert on hand to offer detailed explanations.

It’s only when employees truly understand their benefits that they actually benefit from them. Consider having regular meetings where your agent comes in to answer questions. Odds are, your employees will have questions throughout the year. Have your agent come in multiple times a year, such as quarterly, to offer guidance and advice.

Do your employees have questions? Contact us today to learn more about how our agents help guide your employees.

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About The Author

LCK Insurance Agency is one of California's most prominent independent insurance agencies. They offer commercial business insurance, employee benefits, life & health insurance, and personal insurance.

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