Atmore Group Health Insurance & Employee Benefits Plans

Table of Contents

1. Atmore Group Health Insurance & Employee Benefits Plans
2. Group Health Insurance and Employee Benefits
3. Who Are We?
4. Insurance Products By Taylor Benefits
5. Why Taylor Benefits
6. Get In Touch with us!

Atmore Group Health Insurance & Employee Benefit Plans

Atmore, Alabama has taken a proactive approach toward fostering industrial growth. The city leaders are aware that it takes more than just fertile farmland and tall pines to attract industry players. In the same way, it takes more than a good product to attract employees. Employers need a good benefits plan to be competitive.

Whether you are hiring new staff, working to retain retaining the ones you have, or both, it is important to keep in mind that employees make decisions based on benefits as well as the pay rate. Of course, the cost of providing employees benefits is on the rise across the country, and Atmore is no exception.

Atmore, Alabama, Large Group Health Insurance Plans

Large employers are more likely to offer group health insurance to their employees and also more likely to provide a choice between plans and subsidize the premiums. Employers often find that their workforce looks at the upfront costs of health insurance (premiums) more closely than the usage costs, like copayments and deductibles.

While Health Maintenance Organization (HMO) plans have become more widespread, many consumers still choose a PPO (preferred provider organization) if they have one available, even at a higher cost. The reason typically offered is that the HMO doesn’t include their particular medical provider or that the subscriber doesn’t want to go through a primary care physician to obtain a referral to a specialist. Still, surveys typically indicate similar satisfaction ratings for both kinds of plans.

Atmore, Alabama, Small Business Health Insurance Plans

For small businesses, good coverage and reasonable cost are both crucial when choosing a small group health insurance plan for their workforce. The business owner often determines the health insurance model based on their needs in consultation with an advisor like Taylor Benefits Insurance.

Smaller companies may offer a Point of Service plan, which has some of the flexibility of a PPO along with the savings of an HMO. Usually, there is a low deductible for care that the subscriber obtains within the network, with higher charges for care outside the network. The model in this way is similar to a PPO. If your employees prefer greater flexibility in provider selection, a POS can be an excellent option.

Atmore, Alabama, Employee Benefits Plans and Employee Benefits Packages

Cafeteria plans are a popular way of allowing employees to pay for some benefits using pre-tax income, saving them money. These programs are called “cafeteria plans” because the subscribers choose whether to participate and which benefits to opt for. The employer also profits by reducing the salary on which they owe payroll taxes. Employees who opt out can sometimes receive a portion of the benefit in additional wages. Participants can pay for their health insurance premiums and also fund flexible spending accounts, health savings accounts, or dependent care accounts with pre-tax dollars.

Small companies (with fewer than 100 employees) can create a simple Cafeteria Plan to ease compliance with nondiscrimination testing by following some administrative rules. Talk to your Taylor Benefits Insurance consultant for details.

Group Health Insurance and Employee Benefits

Employers often find themselves faced with the dilemma of having to balance their business’s bottom line and the needs of their employees. The competitive marketplace doesn’t make it easier, and you need to take every advantage you can get. You need to compete for the best employees, so your company can continue to thrive.

The Affordable Care Act (ACA) changed the employee benefits landscape significantly. For employers, keeping up with the changes is a monumental task. Fortunately, Taylor Benefits can help you navigate through these healthcare reforms to ensure that you make smart choices. We do this by evaluating your business needs and offering you valuable recommendations.

Call 800-903-6066 for a free consultation on Atmore Group Health Insurance & Employee Benefits Plans, and if you need more than the auto policy, we can provide homeowners insurance, renters insurance and more.