Bay Minette Group Health Insurance & Employee Benefit Plans

Bay Minette group health insurance plans

Bay Minette Group Health Insurance & Employee Benefits

Bay Minette City is the largest employer in Baldwin County with most of the opportunities here being in the manufacturing sector. This city actively seeks employers by collaborating with the North Baldwin Chamber of Commerce and the Baldwin County Economic Development Alliance.

60% of Americans with health insurance coverage have accessed it through employer-sponsored plans. This is not any different for employers in Bay Minette City. Normally, the employer- sponsored plans may include a variety plan options.  Therefore, every employer plan is different.

By focusing on the right employee benefits, employers in manufacturing and industry can be certain about driving productivity. With many employment opportunities coming up, providing cheap large group health insurance and employee benefits is increasingly becoming a major driver in attracting and retaining the best talent in Bay Minette City.

Bay Minette AL Large Group Health Insurance Plans

Under the Affordable Care Act (ACA), a large company has fifty or more workers. Such organizations are called Applicable Large Employers and must offer health insurance for their workers or face penalties. In addition, ACA requirements specify that small coverage must qualify as affordable (costing the employee no more than 9.6 percent of their gross household income) and provide ten essential minimum benefits:

  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

Bay Minette AL Small Business Health Insurance Plans

Small businesses (typically defined as having fewer than fifty employees) don’t have a legal obligation to offer affordable small group health insurance to their workers, but they can if they choose to. The U.S. Bureau of Labor Statistics estimates that approximately half of small companies provide access to medical insurance through the company. Many also pay a portion of the premium for the employees and sometimes for their dependents as well. To assist with the red tape and start-up challenges, small firms can find assistance in establishing and administering their insurance plans through programs created in conjunction with the Affordable Care Act. Ask your Taylor Benefits Insurance consultant for more information.

Bay Minette AL Employee Benefit Plans and Employee Benefit Packages

Along with health insurance, one of the preferred benefits for employees is a retirement savings plan. In surveys, retirement assistance often ranks in the top three or four. Yet, only about half of Alabama employers offer a retirement program to their staff. Among many choices for small firms, the SEP IRA (Simplified Employee Pension Individual Retirement Account) is suitable for companies with under twenty workers. Each year, the owner can decide whether to contribute or not, making it more flexible than some other programs that require an annual commitment.

SIMPLE IRAs are an alternative for slightly bigger companies, and these have more choices around contribution levels. In either a SEP or SIMPLE plan, the company contributions immediately belong to the account holder with no vesting period. This approach is part of the administrative tactic that allows the plans to use streamlined procedures for complying with nondiscrimination protocols.

As with a health insurance plan or other benefits offerings, it’s wise to get professional guidance when you consider creating a retirement program. Talk to your Taylor Benefits Insurance specialist about the best option for your company.

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

Who are We?

Taylor Benefits is a trusted and reliable partner for all your group insurance and employee benefit plans in Bay Minette City. Our existence as an independent broker brings with it the advantage of being able to find the best risk solutions for your company. That’s because we work with different carriers to attain the best price possible.

At Taylor Benefits Insurance Agency, we work with employers across Bay Minette City to provide comprehensive and rewarding health insurance and employee benefits plans.  We leverage our unmatched experience in writing employee benefit plans and more than 30 years of expertise and experience to provide your employees in Bay Minette City with the best plans.

With our in-depth knowledge and access to competitive carriers, we will craft a benefits plan that your company needs to allow you to provide your employees with group health insurance and other employee benefit plans.

Insurance Products By Taylor Benefits

Findings of the MetLife 12th Annual U.S. Employee Survey established that the benefits package does determine the number of employees that are motivated to join or stay in a company. As such, a good health insurance and employee benefits plan will set you apart as an employer of choice when you are recruiting in Bay Minette City.

Taylor Benefits offers a range of group health insurance and employee benefits packages that the Employee Benefits Trends survey classified as must have. They include:

You can find detailed information on these group and employee benefit plans here.

Bay Minette group health insurance plans

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Why Taylor Benefits?

We endeavor to understand your unique needs before crafting an affordable and workable plan that will fit into your needs. Consequently, we’re also committed to tracking benefit plans annually at their renewal to ensure that the carriers maintain a competitive position in the market. You may also take advantage of our complimentary Cobra administration that we offer through a 3rd party administrator whenever you need it.

From Preferred Provider Organizations (PPOs) and Health Maintenance Organizations (HMOs) to plans that offer extra coverage like life insurance, dental insurance, long-term disability insurance, and short-term disability insurance, our employer-sponsored plans can be comprehensive to meet your employees’ needs.

We ensure that you’re offering your employees the benefits they need, thereby effectively easing their concerns while driving productivity. MetLife’s 15th Annual U.S. Employee Benefits Trends Survey identified Medical health insurance as being at the peak of the must-have benefits cluster with the least legal services being at the bottom.

We also emphasize great communication by ensuring we furnish you with all the information you need to make the right decision for your employees. Whether you are a startup or a big corporate, we put your needs at the heart of our business to find the right plan for your company.

Get in Touch

If you need a group health insurance and benefits plan for your employees in Bay Minette City, we’re ready to help. Call us today to find out how easy it is to get started.

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