Andalusia Group Health Insurance & Employee Benefit Plans

Andalusia Group Health Insurance & Employee Benefit Plans

Andalusia is not only the largest city in Covington County in Alabama State but also its economic center. This city prides itself in offering an unsurpassed quality of life with a low unemployment rate of just 7%.

It is obvious that as a business owner and employer in this city, you must be able to match these standards. You need to be committed to providing a competitive employment package if you are to attract the best professionals around and beyond.

Andalusia, AL Large Group Health Insurance Plans

Employers compelled by their size to offer large group health coverage due to the Affordable Care Act must meet certain standards. Those rules include affordability requirements and minimum essential coverage, which consists of these ten components:

  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

However, coverage delivery can be through various methods. Companies can choose a point of service plan, a preferred provider organization, a health maintenance organization, or a self-funded plan if it offers the necessary coverage and is affordable according to the IRS' definition.

Andalusia, AL Small Business Health Insurance Plans

Small companies in Andalusia have options when considering whether and how to provide job-based small business health care coverage to their workforce. For example, businesses with fewer than fifty employees may be eligible for tax credits when establishing and operating a plan. Plus, some HRAs offer payroll tax savings to the employer by reducing the taxable wages for enrolled workers. Your Taylor Benefits Insurance representative can help you evaluate the potential of the ACA SHOP (Small Business Health Options Program) and understand your reporting requirements.

Andalusia, AL Employee Benefit Plans and Employee Benefit Packages

The cost of an employee is divided between pay and benefits, with approximately seventy percent of the cost comprised of pay and the remaining thirty percent in benefits. Some expenses are mandatory, like employer payroll taxes (Medicare and Social Security contributions). Still, other pieces vary depending on the company’s benefits package.

Health insurance is typically the highest-cost benefit, with an average cost for family coverage exceeding $22,000 in 2021. Of course, the employer doesn't have to pay the entire amount. In most cases, companies share the premium with the employee. Still, it’s a substantial outlay. Retirement plan contributions are also a significant expense for many companies. However, the range of costs is broad due to the multitude of choices employers have when selecting a retirement plan for workers. In addition, some approaches offset the cost to a degree with tax savings. Employees appreciate these benefits and consider them strongly when deciding between potential employers.

Group Health Insurance and Employee Benefits

When you give your employees a group health insurance and employee benefits plan as part of their employment package, you stand a better chance of not only having a healthy human resource team but also increasing productivity.

According to the 2016 SHRM Employee Job Satisfaction and Engagement Report, 66 percent of employees agree that when employers have their best interests in mind, they will often work harder to achieve success.

With a group health insurance plan in place, you will be surprised at how easy it will be to attract and retain the best professionals in your field in Andalusia. Taylor Benefits Insurance Agency is ready to help you navigate through the process of enrolling for a group health insurance plan.

Dial 800-903-6066 and get free consultation on Andalusia Group Health Insurance & Employee Benefit Plans

Who We Are

Taylor Benefits is market leader in provision of reliable group health insurance and employee benefits plan in Andalusia. We have been providing group health insurance for businesses for 30 years now.

We are connected to hundreds of leading insurance carriers whom we work with to ensure your group health insurance coverage sufficiently addresses your employees’ needs without hurting your company’s bottom line.

We are committed to professionalism and excellence. As such, we do not rest until your request is taken care of. We are constantly studying the industry trends to ensure that we are up to date with the health care reforms.

Our expertise and experience in this field are a guarantee that we will give you an excellent benefits program for your employees.

Andalusia Group health benefits and employee insurance plans

Insurance Products By Taylor Benefits

Some of the health insurance and benefit options that we can combine to give you a solid group health insurance and benefits package in Andalusia include:

  • Short and long term disability plans
  • Group Benefit Plans – health, dental, and vision
  • Retirement plans and pension plans
  • 401k Plans
  • Section 125 cafeteria
  • FSA
  • HSA
  • PPO
  • HMO
  • Long term care
  • Life insurance
  • Workers compensation
  • ACA compliance
  • Are you looking for a Andalusia Group Health Insurance & Employee Benefit Plans? Click the quote button to get an instant quote.

    We guarantee you a plan that will address your concerns.

    Why Taylor Benefits?

    Taylor Benefits has the expertise and experience necessary to provide technological innovation and flexibility to your group health insurance and employee benefits program.

    We can furnish you with information that you need to be able to understand the impact of plan design as well as compliance requirements.

    As an independent insurance broker in Andalusia, we focus on making sure your coverage is with carriers that best fit your situation, needs, price, and access. We also focus on proactive communication so that you are aware of any changes that may come along because of health care reforms.

    Get In Touch

    Call us if you have any questions regarding your group health insurance and employee benefit plan in Andalusia. Our agents are always on standby to talk to you. Dial 800-903-6066. You can also request a free proposal here.

    We’re ready to help! Call today: 800-903-6066