Santa Rosa Group Health Insurance & Employee Benefit Plans

Taylor Benefits is an independent agent for group health insurance and benefit plans in Santa Rosa and Sonoma County. We understand that the group benefits and health insurance needs of a business can change over time and our product offerings include an annual review of your plan to make sure it meets your expectations. Another benefit of the free yearly audit is that it ensures you are compliant with any changes in health care law and are able to adapt to the changing needs of your business or employee group.

Santa Rosa CA Large Group Health Insurance Plans

Suppose you represent a large employer in Santa Rosa, California. In that case, your company has most likely been offering health insurance for your workers even before the ACA started to require it. Big companies recognize that health insurance is vital to a competitive benefits package. Probably, you review your plan periodically, or at least when you experience substantial changes in company size or coverage costs. You may get some great ideas about potential changes if you talk to a representative at Taylor Benefits Insurance.

Your company’s budget, the number of employees, and the specific needs of your workers can influence the program you choose to offer. It’s possible that you can change your plan, save money, and still improve coverage for your employees. Of course, details vary, but offering more than one plan choice is welcome and can help. One option is a high deductible plan that you can pair with a health savings account. If you go this route, check the IRS requirements for the minimum deductible to be sure workers can qualify for the HSA. Any time you make significant changes, ensure you offer advance notice and excellent communication to everyone affected.

Santa Rosa CA Small Business Health Insurance Plans

Small companies—defined by the Affordable Care Act as employing fewer than fifty workers full-time– don’t have to offer health insurance. Still, many small businesses want to help their employees obtain coverage. One tool the company can use is a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This tax-advantaged savings account allows employees to pay for medical expenses with pre-tax dollars. Some companies also contribute, but that is optional.

With a QSEHRA, the company decides whether to contribute to the accounts or whether to simply facilitate the administration. The decision and the amount can even change yearly. However, if it has such a program, it must be available for every full-time employee. The company can’t also offer a health plan or flexible spending account (FSA).

The insurance that the employee uses must be ACA qualified. Workers pay for health care costs, then submit the claim to the QSEHRA. If an employee doesn’t use the money in the account, the business can either keep the funds or roll them over for future usage.

Santa Rosa CA Employee Benefit Plans and Employee Benefit Packages

Designing an attractive employee benefits package for any company can be challenging. Employers want to provide benefits that will help them hire and keep high-quality workers. Still, the company has a budget to watch. Health insurance is among the most common benefits, followed by paid time off. Some potential employees may not consider joining a company that doesn’t offer these. Beyond the basics, if you have funds for more, the most-requested items include vision coverage, dental insurance, and a retirement account. If the employer communicates the value of the benefits to the workforce, it may gain an opportunity to increase retention and potentially save by limiting pay increases.