Tennessee Group Health Insurance | Best Group Health Insurance in Tennessee, TN

Tennessee group health insurance plans

Tennessee Large Group Health Insurance Plans

More Tennesseans get their health insurance from their employer than from any other source. The next largest group gets coverage from TennCare, the state healthcare exchange. Many employers offer at least two options to their workers.

Still, the share of the premium that employers pay has been dropping. However, large companies must comply with the affordability provisions of the Affordable Care Act, which stipulates that employees can’t be required to pay more than 9.12 percent of their gross income toward the cost of their coverage. In addition to premium increases, employees pay higher deductibles in Tennessee than they did ten years ago, reflecting the national trend.

High-deductible health plans are one method that employers are using in Tennessee and elsewhere to hold down the cost of health insurance, both for the company and the subscribers. A high deductible plan must meet specific IRS guidelines to permit the subscriber to establish an HSA (health savings account). Other programs with high deductibles don’t qualify.

In 2023, HSA contribution limits are $3,850 for an individual or $7,750 for a family, with an additional allowance for individuals over 55. Participants contribute pre-tax dollars to their HSA, and many receive contributions from their employers. The funds can pay for qualified medical expenses, and funds not used in the year contributed can roll over indefinitely.

Tennessee Small Business Health Insurance Plans

Small companies don’t have to provide health insurance for their eligible employees—as long as the company has fewer than fifty full-time employees. Still, those businesses that want to can find help through the ACA SHOP (Small Business Health Options Program), which offers resources, plans, and support. Your Taylor Benefits Insurance consultant can help you navigate through small business health insurance options.

For organizations with fewer than 25 workers, tax credits are possible. However, there are other requirements (a lower-wage workforce and the company needs to pay a certain percentage of the premium cost to qualify for tax credit), so whether you’re a full-time or part-time employee, your specialist to see if your company qualifies to offer health insurance for small businesses.

Tennessee Employee Benefits Plans and Employee Benefits Packages

One of the most-wished-for benefits after health insurance is paid time off. The U.S. Department of Labor estimates that paid days off work (sick time, vacation days, personal days, and holiday pay) equals almost seven percent of total compensation. Other benefits add the equivalent of 23 percent of wages. Paid time off is not required in the U.S., although ten states require paid sick days (not Tennessee.) Nonetheless, the Bureau of Labor Statistics estimates that three-quarters of private industry employees (and virtually all public sector workers) have some paid vacation time, and 79 percent receive some paid holidays.

Taylor Benefits Insurance has over 25 years of experience writing custom group healthcare insurance plans for Tennessee residents. At Taylor Benefits Insurance, we have helped countless groups identify and obtain the group healthcare insurance they need at the price they want. We write our insurance plans ourselves without being constrained by other insurance carriers or plans on the market, including the state and federal exchanges. As a result, our plans are broad, comprehensive, and, most importantly, affordable.

We offer the following services to groups seeking group options:


To receive any kind of assistance on Tennessee Group Health Insurance & Employee Benefits or free consultations, call 800-903-6066.

As an experienced insurance agent, our plans are unique and custom-designed to fit best the employees we write plans for.

 No matter what regulatory changes may take place in the future, our comprehensive plans will ensure your continuing compliance with the minimum essential coverage.

Learn more about employee benefit packages in Tennessee.

Relevant Statistics

  • Over 93% of businesses in Tennessee offer group health insurance to their employees.
  • The average monthly premium for a group health insurance plan in Tennessee is $345.
  • Approximately 80% of Tennesseans with employer-sponsored health insurance are satisfied with their coverage.
  • Tennessee has seen a 12% decrease in the number of uninsured individuals since the implementation of group health insurance policies.
  • Group health insurance plans in Tennessee cover an average of 85% of medical expenses, providing substantial financial protection for policyholders.

General Facts

  • Tennessee offers group health insurance plans for businesses and organizations.
  • Group health insurance in Tennessee provides coverage for employees and their dependents.
  • Employers in Tennessee may be required to contribute a portion of the premium for group health insurance.
  • Group health insurance plans in Tennessee typically offer a range of benefits, including hospitalization, prescription drugs, and preventive care.
  • To qualify for group health insurance in Tennessee, businesses usually need to have a minimum number of employees, often ranging from 2 to 50.

Tennessee and Group Insurance

Contact Taylor Benefits Insurance today for free estimates for your group’s healthcare needs. We can provide a thorough estimate based on the services you need and the depth of the coverage required. There is no obligation to sign up for a plan or for payment. This estimate is free.

Are you looking for Tennessee Group Health Insurance & Employee Benefits Plans? Click the quote button to get an instant quote.

At Taylor Benefits Insurance, we can offer you better, more comprehensive group healthcare plans than those on the state and federal exchanges. We can do this because of the advantages that group insurance provides. The more individuals who join a group insurance plan, the more coverage we can provide for your money. Even better, our plans are custom-designed for each group to provide you with the best benefits possible for your healthcare insurance needs.

This resource, from the Centers for Medicare & Medicaid Services, outlines the state-required benefits that all Tennessee residents must receive as part of their health insurance coverage. Ensure that you receive the coverage you need at the price you want today by contacting Taylor Benefits Insurance.

Health Insurance Tax: How does the premium tax credit work for health insurance?

The premium tax credit is a government subsidy to help lower-income individuals and families afford health insurance premiums. It is based on income and household size and can be applied in advance to reduce monthly premium costs or claimed when filing taxes.

How can I find affordable Tennessee Group Health Insurance?

You can find affordable Tennessee Group Health Insurance by comparing quotes from different insurance providers, considering different plan options, and utilizing resources such as insurance brokers or online comparison tools. Additionally, you can look into group health insurance options through professional organizations or associations. 

Is Tennessee Group Health Insurance mandatory for businesses?

Tennessee does not require businesses to provide group health insurance for their employees. However, businesses with 50 or more full-time employees may be subject to the Affordable Care Act’s employer mandate, which requires them to offer health insurance coverage to their employees. 

What factors determine the cost of Tennessee Group Health Insurance?

The cost of Tennessee Group Health Insurance is determined by factors such as the number of employees covered, the level of coverage selected, the age and health status of employees, the business’s location, and the chosen insurance carrier. Other factors may include industry type and claims history. 

What are the penalties for not offering Tennessee Group Health Insurance to employees?

Employers in Tennessee who do not offer group health insurance to their employees may face penalties such as fines, legal action, and potential loss of employees due to lack of benefits. They may also be subject to regulations and requirements set by the state. 

What is the process for filing a claim with Tennessee Group Health Insurance?

To file a claim with Tennessee Group Health Insurance, you must submit a claim form and any necessary documentation, such as medical bills or receipts. The insurance provider will then review the claim and determine coverage and reimbursement. 

Can I add family members to my Tennessee Group Health Insurance plan?

You can typically add family members to your Group Health Insurance plan. This may include your spouse, children, and sometimes other dependents. Check with your insurance provider for specific details and eligibility requirements. 

Frequently Asked Questions About Health Insurance And Employee Benefits Plans in Tennessee

The following are answers to some frequently asked questions regarding Tennessee health insurance coverage in Tennessee.

Which Large Group Health Insurance Providers Are in Tennessee?

Taylor Benefits Insurance can connect you with some of the major Tennessee health insurance companies in the country. You can always count on us to get you a fantastic deal when you require large group coverage.

We work with the following insurance companies:

  • Blue Cross
  • Blue Shield
  • eHealthInsurance
  • Humana Group
  • Kaiser Foundation Group
  • Unitedhealth Group
  • State Farm
  • Coventry Corp. Group
  • HIP Insurance Group
  • Carefirst Inc. Group
  • UHC of California
  • Metropolitan Group
  • HCSC Group

How Do Small Business Group Health Insurance Plans Work in Tennessee?

Small business owners in Tennessee can choose various options to assist their workers with health insurance.

The most common choice is for the employer to purchase a small group health insurance plan to cover the medical services the workers need. In many cases, the employer pays a portion of employees premiums.

The Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is another option for your business. Employers contribute a set amount of money to assist workers in obtaining individual, qualified plans.

Group Coverage Health Reimbursement plans combine insurance with an additional monthly allowance to cover deductibles, copays, and other costs.

Some businesses choose self-funded health insurance as a means of lowering costs and improving cash flow. In this scenario, the company pays directly for medical expenses the workers incur. Employees present medical bills or prescriptions to their employer, which pays them. The risk of a few large claims makes this a less-popular choice for small companies than for large ones.

Finally, Associate Health Plans (AHPs) are also considered risky for small businesses, but with less exposure than self-funding. An AHP is formed when a group of smaller firms within an industry or location band together to purchase a larger group health plan.

What Are the Different Types of Health Benefits Offered in Tennessee?

Taylor Benefits Insurance Agency provides Tennessee businesses and employees with the following coverage options:

  • health coverage
  • dental coverage
  • vision insurance
  • disability insurance, both short and long term
  • 401k
  • retirement & pension
  • section 125 cafeteria
  • HSA
  • life insurance
  • long-term care
  • ACA (Affordable Care Act) compliance

How Much Do Employers Pay for Health Insurance?

Employees can contribute any amount to group health insurance programs. Of course, large companies must ensure that the premium share the employees pay is not more than 9.12 percent of their gross income. Insurance costs are low in Tennessee compared to many states, and employers pay an average of 76 percent of the cost for workers.

Written by Todd Taylor

Todd Taylor

Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.

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