Palmdale Group Health Insurance and Employee Benefit Plans

You can get the best and most affordable group health insurance and employee benefit plans by calling us here at Taylor Benefits Insurance Agency. Our longstanding history in the industry gives us the ability to negotiate insurance plans and their cost with some of the greatest and most renowned insurance carriers in California. We offer all our clients educational information, HR tools, consulting, planning, and assurance that we will customize the perfect plan for your business and its employees.

Providing your employees and their families with reliable healthcare and benefits is important. It keeps your employees interested their job and wanting to continue employment there. Our staff will fabricate a plan within your financial means based off the interest of your company employees. We will make sure that this plan meets the standards of the Affordable Car Act before it is presented as an option.

Palmdale CA Large Group Health Insurance Plans

The Affordable Care Act made far-reaching changes to the rules around employer-sponsored health insurance. Large businesses must offer health insurance for their workers, or they can face penalties. In addition, the ACA requires that every plan must be affordable (defined as costing the employee no more than 9.6 percent of their gross income for individual coverage) and provide ten essential minimum benefits:

1. Ambulatory patient services (outpatient care)
2. Emergency services
3. Hospitalization, including surgical and medical
4. Maternity and newborn care, including delivery
5. Mental health and substance use disorder services
6. Prescription drugs
7. Rehabilitative services and devices
8. Laboratory services
9. Preventative and wellness services, including chronic disease management
10. Pediatric services, including dental and vision care for children under the age of 19

Other portions of the law eliminate lifetime benefit caps and allow adult children to stay covered by a parent’s policy until they reach age 26. Another fundamental change to previous practice was the prohibition of “previous condition” exclusions which often kept people from getting coverage.

Palmdale CA Small Business Health Insurance Plans

Small companies—with less than fifty employees– are exempt from the health insurance requirements promulgated by the ACA. However, they may find that they must offer high-quality benefits to attract talented workers. The Bureau of Labor Statistics reports that almost half of small businesses provide insurance for their employees, and many pay part of the cost. These small companies can find help researching, comparing, and administering their insurance plans using resources and support from SHOP (Small Business Healthcare Options Program), which the Affordable Care Act created.

Palmdale CA Employee Benefit Plans and Employee Benefit Packages

A comprehensive benefits package may have several diverse components designed to appeal to different segments of the company’s workforce. For example, most employees want health insurance and paid time off. While large companies must offer health insurance, about half of small firms provide it voluntarily. In California, employers must give their workers at least three paid sick days annually. Many give other paid time off for holidays and vacation, but it’s not required.

Beyond those perks, the top requests for benefits are less consistent. For example, many workers value a retirement savings plan, but these are much less available than health insurance. Since Palmdale is in California, employers must enable workers to contribute to the CalSavers IRA through payroll deductions if the company doesn’t have a separate retirement plan.

Other widespread benefits include:

• Family leave
• Dental and vision insurance
• Flexible working schedules
• Childcare support
• Tuition reimbursement