Welcome to Taylor Benefits, the leading group benefits and health insurance agent in Albany NY, and Alameda County! The city offers a wide range of options for individuals and businesses seeking comprehensive and affordable coverage.
If you’re interested in offering employee benefits for the first time or just want to alter your existing group health insurance options, we’re here to help!
Group health insurance is employer-sponsored health coverage that extends to eligible employees and, in many cases, their dependents. The organization, whether a corporation, nonprofit, or government entity, negotiates the terms of the insurance plan with an insurance provider. The premiums are usually shared between the employer and employees, with the employer covering a significant portion of the cost.
These plans offer numerous advantages over individual health insurance policies, including more affordable premiums, broader coverage, and simplified enrollment procedures. The collective bargaining power of a large group enables insurance providers to offer better rates and coverage options.
Group health insurance plans provide broader coverage, encompassing essential healthcare services such as preventive care, hospitalization, prescription drugs, mental health services, and all other health issues. The Affordable Care Act mandates that group health insurance plans comply with certain minimum essential coverage requirements, ensuring that employees receive essential health benefits without facing limitations or restrictions on vital services.
Additionally, group health insurance plans offer various tax benefits to both employers and employees. Employers can often deduct their contributions to the premium as a business expense, reducing their overall tax liability. For employees, the contributions to premiums are frequently made with pre-tax dollars, resulting in lower taxable income.
With more than 25 years of experience in a leadership role, Taylor Benefits is an experienced independent insurance agency specializing in helping businesses get quality group health plans and benefits. We work within the parameters of your business goals to find sensible coverage options that suit the needs of your employees, as well as the long-term goals of your company. Whether you seek employee benefits packages, health insurance plans, or expert human resources consultation, we are here to meet all your needs.
Our plans are designed based on your income and marital status, determining the fee and deductible amounts accordingly. If you have Medicare Part D, the coverage will be coordinated seamlessly. To be eligible, you must be a resident of NY state, meet the income requirements (scholarships are not included in this calculation), and be 65 years or older.
Let us assist you in navigating the complexities of insurance and human resources, ensuring you get the best solutions tailored to your specific requirements.
Here’s what we offer in Albany:
At Taylor Benefits, we believe that one size does not fit all when it comes to health insurance plans. As an independent insurance agent, we have the advantage of offering a wide array of options that cater specifically to the unique needs of your small or medium-sized business. Unlike carriers that are limited to their plans, we have access to every major health insurance carrier in California, ensuring that we can find the perfect plan that aligns with your guidelines and budget.
Navigating the world of employee benefits and group health plans can be complex, especially when you have to consider the diverse needs of your workforce. That’s where our experienced professionals step in. Whether you have just a few employees or a large team, our expertise allows us to guide you through the decision-making process effectively.
We provide an initial audit to assess your current offerings and ongoing support, including a free annual policy review during the renewal period. Other services we provide include advice on current and upcoming legal and compliance issues, rate and plan comparison, and plan selection, including options with different co-pays.
Remaining compliant with ever-changing legal and regulatory requirements is crucial for any business offering employee benefits. At Taylor Benefits, we stay up-to-date with the latest legal and compliance issues, ensuring that your plans adhere to all the necessary guidelines. Our team provides valuable advice on current and upcoming changes, keeping you informed and prepared.
We understand that selecting the right health plan for your employees involves more than just picking a package. That’s why we offer comprehensive rate and plan comparisons, allowing you to make informed decisions that fit your budget and employee needs. From different co-pays to various coverage options, we empower you to select the best plan for your workforce.
At Albany Health Plans, we believe affordability should never mean sacrificing quality. We strive to bring you cost-effective options that don’t compromise coverage. Our commitment to finding the perfect balance between cost and quality ensures that your employees receive the benefits they deserve without breaking your budget.
The Department of Labor website has information about group health plans and laws that affect them, such as EBSA, ERISA, & HIPPA. A great starting point if you have questions about offering employer-sponsored health plans.
Are you looking for an Albany Group Health Insurance & Employee Benefit Plan? Click the quote button below to get an instant quote.
We’re ready to help! Call today: 800-903-6066