Bessemer Group Health Insurance & Employee Benefits Plans

Bessemer Group Health Insurance And Employee Benefits

Bessemer, Alabama, is home to numerous prosperous companies across major industries. Since Bessemer has a competitive labor market, companies here must respond to their workers’ need for comprehensive and affordable benefits programs.

A group health insurance and employee benefits package can help establish your reputation as a choice employer among job seekers and help you retain your hardworking staff.

Bessemer group health insurance plans

Group Health Insurance and Employee Benefits

Small employers in Bessemer should consider the advantages they may gain by providing health insurance and other benefits for their employees. Despite the cost of offering insurance, employers often find that they come out ahead due to increased productivity and reduced turnover.

The Affordable Care Act offers some federal tax credits for small businesses that offer health insurance to employees (the employer must pay at least half the premiums and meet some other requirements). If you don’t qualify for tax credits, your company contribution to the premium costs is deductible in most cases.

Bessemer AL Large Group Health Insurance Plans

If you are looking for large group health insurance for your company in Bessemer, Alabama, you have many choices. Even as the cost of health insurance continues to rise, so do the options. In addition to traditional indemnity and point-of-service plans, employers can offer preferred provider and health maintenance organization programs to reduce their premium expenses. Subscribers can also lower their contributions by opting for high-deductible plans and, in some cases adding a health savings account to the mix.

Preferred provider organizations are the most common selection in Alabama and elsewhere due to the combination of price and freedom. One reason is that subscribers prefer the ability to seek care outside a network, which is often prohibited by health maintenance organizations (except during emergency circumstances.) The ACA regulations categorize plans by a metal tier designation (bronze, silver, gold, and platinum), with higher premium plans offering lower point-of-service costs in most cases. For example, platinum plans typically cost the most and cover the most. Each tier may provide a different deductible, co-payment, and out-of-pocket maximum in addition to a different premium.

Bessemer AL Small Business Health Insurance Plans

Small businesses face a squeeze as they want to offer small group health insurance coverage for their workforce but need to stay within a budget. Coverage can seem prohibitively expensive without the larger number of employees required to obtain a reduced rate. Still, recent improvements in affordability and federal assistance are bringing health plans to more small-company workers than ever. In addition, the Affordable Care Act and SECURE increase the support for small business owners by providing a tax credit plus an accessible marketplace for plans.

Bessemer AL Employee Benefit Plans and Employee Benefit Packages

In Alabama, over eighty percent of employers provide job-based health insurance for their workforce. Almost a quarter of those companies pay the entire expense, while thirty-four percent contribute nothing. The rest share the cost with their employees. In contrast, only half of the companies surveyed by the Department of Labor provide a retirement savings plan, with a greater concentration in health and education companies than in leisure and hospitality. Twenty-five percent of employers allow workers to contribute to flexible spending accounts either for health care, dependent care, or both. The same percentage of companies have a program to reimburse employees for specific education expenses.

While eighty-six percent of companies provide some amount of paid vacation time, less than half offer paid sick leave for full-time workers.

Call 800-903-6066 for a free consultation on Bessemer Group Health Insurance & Employee Benefits Plans.

Who We Are

Taylor Benefits Insurance is a leading group health insurance and employee benefits provider serving businesses and employers in Bessemer. We offer outstanding benefits packages to promote your employees’ health and financial stability. We work closely with you to understand your priorities and develop a robust yet affordable package for your workforce. Since we can incorporate product elements from multiple insurance providers, we have the flexibility to customize your program.

Insurance Products By Taylor Benefits

We tailor a group health insurance and employee benefits plan that meets your goals. Some of the benefits you can expect include:

  • Life insurance and long term care
  • Preferred Provider Organizations (PPO)
  • Workers’ compensation
  • Section 125 cafeteria plans
  • Disability insurance
  • Annual audits of your plan
  • Are you looking for Group Health Insurance & Employee Benefit Plans? Click the quote button to get an instant quote.

    Why Taylor Benefits?

    We’re an independent insurance brokerage agency with a mission to help businesses provide sound group health insurance and employee benefits to their employees. We have 30 years of experience in this field.

    We work with top insurance carriers to devise comprehensive and competitive packages that enable you to attract and retain top candidates in Bessemer. We’re committed to ensuring that you can have a benefits program that supports your company’s objectives.

    Contact Us

    We are confident that we can offer you a group health insurance and employee benefits package that will help keep your most valued workers healthy and happy. Call our toll-free line now at 800-903-6066 to get a free consultation from one of our benefits agents. We can also provide you with a free quote here.

    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.

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