Auburn Group Health Insurance & Employee Benefit Plans

Auburn is the largest city in Eastern Alabama and the fastest growing metro in the United States since 1990. This city was ranked among the top ten best places to live in the United States in 2009. Although the economy of this city is centered on Auburn University that employs about a quarter of the city’s workforce other sectors are also coming up. The industrial base has seen the development of mid-sized, high-tech manufacturing and research firms. As an employer, you can tap into the skilled workforce by offering employment benefits to attract top candidates.

Auburn group health insurance plans

Auburn, AL Large Group Health Insurance Plans

As a large employer choosing a health insurance plan for your employees, you are probably concerned about the coverage and cost of the program. The well-respected Kaiser Family Foundation 2021 Employer Health Benefits Survey reported that insurance premium expenses increased by four percent last year, compared to a 47 percent increase over the previous ten years. In large firms (defined by the study as having more than 200 workers), 95 percent of companies pay a portion of the premium for their employees and their families.

The subsidy amount varies and may cover more of the cost of a lower-priced plan, such as a high-deductible health plan. Some companies pay more toward the premium expense for the employee than they pay for dependents. In contrast, others provide a percentage of salary or a set amount across the board. If you allow workers to choose between options such as a PPO and HMO, they may be able to control how much they contribute on top of the employer payment by selecting a less costly model.

Auburn, AL Small Business Health Insurance Plans

Small businesses aren't required to offer health insurance to their workers (the Affordable Care Act defines small companies as having between one and fifty employees), but they can if they choose to. The U.S. Bureau of Labor Statistics estimates that approximately half of companies with fewer than fifty workers provide access to medical insurance through the company. In addition, small firms can find assistance in establishing and administering their insurance plans through programs created in conjunction with the Affordable Care Act. Again, your Taylor Benefits Insurance consultant is an excellent resource for information and support.

Auburn, AL Employee Benefit Plans and Employee Benefit Packages

Employee benefits are typically thought of as the non-monetary part of employee compensation. Benefits can include tangible offerings such as health insurance, disability and life insurance, paid time off, and retirement savings plan contributions. However, benefits can encompass nontangible elements like flexible scheduling, office culture, and personal support. Benefits can also include perks that workers take for granted, like free lunch and snacks, a casual dress policy, or informal policies like a dog-friendly environment.

In general, workers prioritize tangible benefits like health insurance, paid time off, and retirement plans when evaluating benefits. But as many companies have learned during the pandemic, employees also want the company to be flexible, particularly when the workers have already demonstrated their loyalty and flexibility. Workers who adapted to less-than-ideal working conditions may now expect some leeway as they adjust to return-to-office requests. Resuming the commute at the same time they may be juggling the renewed demands of school schedules and other commitments can be stressful. Large and small companies will benefit from offering flexibility and support if possible.

Group Health Insurance and Employee Benefits

Employees are a very important part of your business. They keep the business going. As such, it is only sensible to keep them happy by offering them the right group health insurance and employee benefits plan. This will go a long way in increasing productivity that translates to better business performance and more revenue. Employee benefits also guarantee you a satisfied workforce as they will be excited about coming to work. You must be sure to include health insurance as this is the most valued employee benefit, even more important than a pay rise.

What to Look For In An Insurance Provider

With so many insurance providers promising to offer the best group health insurance and employee benefits plans, you must take time to vet providers before engaging them. This will ensure that you secure the perfect plan that will answer to both you and your employees needs. Here’s what you need to look for in an insurance provider:

  • Which carriers does the insurance provider with and how do they relate with them?
  • The reputation of the insurance providers. Can they provide you with references of clients in industries similar to yours that they have worked with before?
  • Does the insurance provider specialize in group health insurance?

Benefits of Working with an Insurance Broker

Insurance brokers do not work with a specific insurance company thus they offer you a variety of plans from different companies. When you are fully aware of the benefits of working with an insurance agent you will be better placed to make a decision that will work to your advantage. Here are two top benefits of working with a broker:

  • Insurance brokers are committed to helping you find a plan that meets your needs. They take time to go through all the paperwork and find you the best policy regardless of the insurance company that is offering the plan.
  • An insurance broker works for you since they are not bound to work with a specific insurance provider.

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

Who We Are

Taylor Benefits specializes in group health insurance and employee benefits plans in the city of Auburn. We have created remarkable benefit plans for employers in this city over the last three decades. We maximize our expertise to create unique, affordable and comprehensive plans. We pride ourselves in offering you plans that are in line with your needs. We strive to negotiate for you the best rates and premiums to give you a plan that fits into you budget.

Insurance Products By Taylor Benefits

Our group health insurance and employee benefits options include:

  • Group health insurance plans
  • Vision insurance
  • Dental insurance
  • Medical insurance
  • Long-term disability insurance
  • Short-term disability insurance
  • Group retirement plans
  • Affordable Care Act (ACA)
  • Employee benefits and wellness plans
  • 401(k) plans
  • Health savings plans (HSA)
  • Long-term care plans
  • Group life insurance
  • Employee pension plans
  • Section 125 cafeteria plans

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

Why Taylor Benefits

We are an independent group health insurance and employee benefits agent hence, we have the opportunity to create customized plans and offer you objective advice. We draw components from various top insurance carriers while ensuring that we always give you the best prices for a comprehensive coverage plan. We also help you to comply with the standards of the Affordable Care Act (ACA) as well as local, state and federal law while protecting your company’s bottom line. Our ability to negotiate better rates and premiums on your behalf means you can save money as opposed to if you were working directly with a traditional insurance provider.

Contact Us

Let our licensed insurance brokers guide you through our group health insurance and employee benefits options. We will also help you to create a perfect plan for your company. Call us on 800-903-6066 or request a free proposal.

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