Bethany Group Health Insurance Benefits | Bethany Insurance for Small Business | Bethany Benefit

Bethany has grown over time to become one of the best places to live, work and start a business in Oklahoma. Residential growth is also on the rise as new subdivisions offer a wide range of housing opportunities. Employee benefits are a big deal in this city since quality benefits portray an image of employers who care about the well-being of their employees in the workplace.

Bethany group health insurance plans

Group Health Insurance and Employee Benefits

As an employer, you should customize your employee benefits program in order to address the specific needs of your business since there isn’t a one size fits all benefits plan. In return, this will boost employee productivity, improve outcomes and engage employee interest.

Providing employee benefits will determine how top candidates perceive your company. This is because attracting and retaining employees takes more than just offering a good paycheck to your workers. Other forms of employee benefit packages also play a significant role when attracting new employees and retaining old ones. When employees feel you are concerned about their healthcare needs, they will be more productive.

What to Look For In an Insurance Provider

Choosing an insurance provider shouldn’t be taken lightly since not everyone is knowledgeable when it comes to insurance matters. Here is what you should consider:

  • Find out whether any actions have been taken against your provider to enable you to make the best decision.
  • Avoid providers that don’t pay claims or pay after the due date because they may not be a good fit for you.
  • Ensure your provider is capable of providing insurance coverage that will take care of all your needs.

Benefits of Working with an Insurance Broker

When you decide to buy insurance policies on your own, you may be frustrated due to your limited knowledge when it comes to insurance matters. Below are reasons why you should work with brokers:

  • Brokers will listen to you to understand your current employee benefits program before crafting a program that will enable your business to thrive and improve the lives of your employees.
  • Brokers will secure better deals since they work with a selected group of competitive carriers.
  • Brokers will inform you about the best plans available for your insurance needs and find for you the best coverage at affordable prices.

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

Who We Are

We are a leading group health insurance and employee benefits provider with over 30 years of experience in Bethany. Our plans are not only affordable but also comprehensive. We provide customized health plans that are in line with your business and employees’ needs. We channel our knowledge and efficiency in ensuring your employees’ well-being and business interests are catered for.

We ensure providing group health insurance is a great investment for employers and employees. We have a large network of dedicated and reliable carriers that we work with. As a result, we enjoy the liberty of customizing plans and negotiating costs associated with your cover. We communicate healthcare reforms and other regulatory changes to our clients to avoid penalties.

Bethany group health benefits and employee insurance plans

Insurance Products by Taylor Benefits

Taylor Benefits health insurance and employee benefits include the following:

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

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

What are the key benefits of Bethany Group Health Insurance for small businesses?

  • Cost savings: Bethany Group Health Insurance offers competitive rates and cost-effective plans for small businesses. The insurance company can negotiate better rates and provide more affordable coverage options by pooling together many employees from multiple small businesses.
  • Comprehensive coverage: Bethany Group Health Insurance offers various coverage options, including medical, dental, vision, and prescription drug coverage. This ensures employees access healthcare services, promoting their well-being and productivity.
  • Attract and retain top talent: Offering group health insurance is an attractive benefit for employees, especially in today’s competitive job market. Small businesses can attract and retain talented individuals by providing comprehensive health coverage, improving employee satisfaction, and reducing turnover.
  • Tax advantages: Group health insurance premiums are generally tax-deductible for small businesses, providing potential tax savings. This can help alleviate the financial burden of providing health insurance for employees.
  • Increased productivity: When employees have access to affordable healthcare, they are more likely to seek preventive care and address health issues promptly. This can improve overall health and productivity, as employees are less likely to miss work due to illness or chronic conditions.
  • Access to a network of healthcare providers: Bethany Group Health Insurance typically has a network of healthcare providers, including doctors, hospitals, and specialists. This network ensures that employees can access a wide range of healthcare services and choose from various providers, increasing convenience and flexibility.
  • Support for employee well-being: Bethany Group Health Insurance often includes wellness programs and resources to promote employee well-being. These programs may include preventive screenings, health coaching, and access to fitness facilities or discounts. Small businesses can foster a positive work environment and improve overall employee satisfaction by prioritizing employee health and wellness.
  • Simplified administration: Bethany Group Health Insurance offers streamlined administration processes for small businesses. This includes simplified enrollment, billing, and claims management, reducing the administrative burden on employers and HR teams.
  • Compliance with healthcare regulations: Providing group health insurance through Bethany Group ensures that small businesses comply with applicable healthcare regulations, such as the Affordable Care Act (ACA). This helps businesses avoid penalties and legal issues associated with non-compliance.
  • Peace of mind: By offering group health insurance through Bethany Group, small businesses can provide their employees with the peace of mind that comes with having comprehensive healthcare coverage. This can alleviate financial stress and allow employees to focus on their work, leading to a more engaged and productive workforce.

How does Bethany Group Health Insurance comply with state regulations?

Bethany Group Health Insurance complies with state regulations by ensuring that their health insurance plans meet the minimum requirements set by the state. This includes providing coverage for essential health benefits, adhering to state laws regarding coverage for pre-existing conditions, and following regulations related to premium rates and consumer protections. Bethany Group Health Insurance also works closely with state insurance regulators to stay informed of regulation changes and ensure ongoing compliance.

What coverage options are available under Bethany Group Health Insurance plans?

Bethany Group Health Insurance plans typically offer a range of coverage options, including but not limited to:

  • Medical coverage: This includes coverage for doctor visits, hospital stays, surgeries, prescription medications, and other medical services.
  • Dental coverage: Some plans may include dental coverage for routine cleanings, fillings, and other dental services.
  • Vision coverage: Some plans may include coverage for eye exams, glasses, and contact lenses.
  • Mental health coverage: Many plans offer coverage for mental health services, including therapy and counseling.
  • Preventive care coverage: Plans often cover preventive services such as vaccinations, screenings, and wellness visits.
  • Prescription drug coverage: Most plans include coverage for prescription medications through a formulary or a pharmacy benefit.
  • Rehabilitation and therapy coverage: Some plans may cover physical, occupational, and speech therapy.
  • Maternity and newborn care coverage: Plans typically cover prenatal care, childbirth, and postnatal care for both the mother and newborn.

It’s important to review the specific details of each plan to understand the coverage options available and any limitations or exclusions that may apply.

Why Taylor Benefits

We are a team of industry experts dedicated to ensuring our clients’ businesses have the best available group health and employee benefits plans. We will create for you a benefits plan that is in the best interest of your business and employees. Our customized health insurance and employee benefits enable employers to find a balance between their bottom line and employees’ needs. We do not disclose clients discussions thus your privacy will be maintained.

Our focus is both on the well-being of your employees and your company’s ability to meet costs without incurring losses. We are the preferred insurance partner for many businesses because of our role as an insurance broker. We will work with your budget to achieve an ideal insurance package to ensure your company complies with the Affordable Care Act and other insurance laws.

Make the Switch

Do you want to start reaping the benefits of having a quality group health insurance plan in Bethany? Get in touch with our licensed insurance brokers. You can also call 800-903-6066 for more details.

Frequently Asked Questions

What coverage options are available under Bethany group health insurance plans?

Bethany Group health insurance plans typically offer a range of coverage options, including hospitalization, outpatient services, prescription drugs, preventive care, mental health services, and maternity care. Specific options and levels of coverage can vary, so it’s important to review plan details for exact offerings.

How does Bethany group health insurance comply with state regulations?

Bethany Group Health Insurance complies with state regulations by ensuring coverage meets minimum essential benefits as mandated, adhering to underwriting rules prohibiting discrimination based on health status, and following rate-setting guidelines. It also complies with consumer protection laws by providing clear information and grievance procedures for policyholders.

Is there health insurance for college students?

Yes, there are health insurance options for college students. Many universities offer student health plans, and students can also explore private health insurance Medicaid, or remain on a parent’s health insurance policy until the age of 26, as allowed by the Affordable Care Act.

How do I choose the right group health insurance for employees?

Choosing the right group health insurance for your employees involves balancing coverage options, costs, and needs. Here’s a structured approach to help you make an informed decision:

  1. Assess Employee Needs: Start by understanding your workforce’s demographic and healthcare needs. Consider surveying to gather information on what your employees value most in their health insurance—such as low premiums, low out-of-pocket costs, dental and vision coverage, or alternative therapies.
  2. Determine Your Budget: Know how much your company can afford to spend on health insurance. This will help you narrow down the types of plans and the level of coverage you can offer.
  3. Explore Coverage Options: There are several types of health insurance plans to consider:
    • Health Maintenance Organization (HMO): Lower premiums and out-of-pocket costs but require primary care provider referrals and care from network providers.
    • Preferred Provider Organization (PPO): Higher premiums but more provider options and no referrals needed.
    • Exclusive Provider Organization (EPO): A mix of HMO and PPO features; coverage is limited to network providers without referrals.
    • Point of Service (POS): Combines elements of HMOs and PPOs, including network restrictions and referral requirements.
  4. Compare Plans from Different Insurers: Look at offerings from various insurance providers to compare coverage details, premiums, copays, deductibles, and out-of-pocket maximums. Consider both the cost to the company and the potential cost to employees.
  5. Check Network Adequacy: Ensure that the insurance plan includes a sufficient number of providers, hospitals, and specialists conveniently located for your employees.
  6. Review Additional Benefits: Some plans offer wellness programs, online health resources, telemedicine, mental health services, and more. These perks can be valuable differentiators.
  7. Consider Administrative Ease: Look into how the plan will be administered. Some plans may offer better support for handling claims and inquiries. A plan that is easier to administer can save your HR team time and effort.
  8. Get Employee Feedback: Share the potential options with your employees for input. Their feedback can be crucial in making a final decision that meets the needs of the majority.
  9. Consult with Experts: Speak with an insurance broker or consultant specializing in group health plans. They can provide insights into the best options for your circumstances and help negotiate terms with insurers.
  10. Review and Adjust Annually: Health insurance needs and offerings can change. Make it a point to review your plan’s performance and employee satisfaction annually and make adjustments as necessary.

Why is group health insurance cheaper than individual?

Group health insurance is cheaper than individual insurance because the risk is spread across more individuals. This diversification reduces the risk for the insurer, allowing them to offer lower premiums. Additionally, administrative costs per person are lower, and companies often contribute to premiums, further reducing individual expenses.

How many employees do you need to qualify for group health insurance?

To qualify for group health insurance, a business typically needs a minimum of one employee other than the owner. However, requirements can vary by insurance company and state, so it’s important to check specific regulations in your location.

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