Boise Group Health Insurance & Employee Benefit Plans

Boise group health insurance plans

Boise ID Large Group Health Insurance Plans

The ACA (Affordable Care Act) requires that large companies – those with fifty or more employees – provide health insurance for their workers. The law has several provisions for affordability and quality.  To meet the affordability requirement, the employee’s share of the premium for individual coverage can’t exceed 9.61 percent of their income. For example, if the worker’s pay is $50,000, the affordability threshold is $4,805 for that individual. Coverage must also be offered to dependents but doesn’t have to meet that standard.

Also, the plan must pay at least 60 percent of the total anticipated cost of medical services for a “standard” subscriber. Finally, every health insurance policy must cover these ten essential benefit areas:

  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

Boise ID Small Business Health Insurance Plans

The ACA doesn’t cover small companies with less than fifty workers. The reason is that insurance coverage can be a significant expense and may burden small businesses. However, these companies may want to help employees because they recognize that the cost can also create a burden for the worker. One way to help is to manage a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This program allows employees to pay for medical expenses with pre-tax dollars that the employee sets aside in the account. Sometimes the employer also contributes to the account, but that’s optional.

If a business offers a QSEHRA, it must open it to all full-time employees. The company decides each year if it wants to contribute to the funds. However, they can’t also have a group health plan or a flexible spending account (FSA). A consultant with Taylor Benefits Insurance can help you evaluate this option.

Boise ID Employee Benefit Plans and Employee Benefit Packages

  • Employee benefits include various components, usually highlighted by health insurance and paid time off. Some of the more requested benefits include:
  • Paid time off (vacation, holiday, and sick leave)
  • Family leave
  • Retirement support
  • Health Insurance
  • Dental and vision insurance
  • Flexible working schedules
  • Remote or hybrid location
  • Childcare support (and elder care assistance)

Boise Group Health Insurance and Employee Benefits

Boise is not only the capital but also the most populous city in Idaho. This city is vibrant, with an enduring and values-driven economy. It is home to numerous employers owing to the fact that it provides the right atmosphere for business including a skilled work-force. The onus then is on you as an employer to recruit and retain the best candidates in your industry to propel your business forward. One of the powerful tools to help you achieve this is by offering a competitive group health insurance and employee benefits package.

Group health insurance and employee benefits

Offering a group health insurance and employee benefits plan does more than make your employees happy. A recent study found that offering health insurance played a pivotal role in increasing productivity among employees. As an employer, you definitely want your employees in Boise to focus on being productive and successful at the workplace. However, you cannot achieve this if your employees are constantly worrying about health insurance as it eventually drains their time and energy. Employee benefits go a long way towards creating a healthier and happier work environment while saving you money.

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

Who we are

Taylor Benefits Insurance Agency is an independent insurance broker specializing in offering group health insurance and employee benefits to businesses. We pride ourselves for our 30 years of industry experience and expertise working with businesses across Boise. We are committed to creating exceptional custom benefit packages for all sizes of companies from family owned businesses to the multi-national corporations.

Boise group health benefits and employee insurance plans

Insurance products by Taylor Benefits

With our wealth of expertise in group insurance, we provide businesses with a wide range of benefit plans that include the following:

  • Affordable Care Act (ACA) compliance
  • Employee benefits and wellness plans
  • Group health insurance plans
  • Medical insurance
  • Dental insurance
  • Vision insurance
  • Short and long term disability insurance

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

Why Taylor Benefits?

At Taylor Benefits we operate as an independent agent therefore, are able to utilize products and resources from our wide network of top insurance carriers in Boise to devise for you an attractive group benefit plan. As an industry leader in group insurance, we customize insurance products to suit your needs and give you an advantage over your peers. Our plans are affordable and comprehensive. To date, we have assisted many businesses make the switch in meeting standards of the Affordable Care Act (ACA). We continue to help businesses comply with the Act. This makes it possible for them to save money, as they qualify for tax exceptions, even as they maintain a work-force that is healthy and happy.

Relevant Statistics

  • Over 95% of Boise City residents have access to group health insurance options.
  • The average deductible for group health insurance in Boise City is $1,200.
  • Approximately 89% of employers in Boise City offer group health insurance as part of their benefits package.
  • Group health insurance plans in Boise City cover an average of 80% of medical expenses.
  • More than 70% of individuals covered by group health insurance in Boise City reported high satisfaction with their plan’s coverage and benefits.

General Facts

  • Boise City offers group health insurance plans for its residents.
  • Group health insurance provides coverage to a group of people, such as employees of a company or members of an organization.
  • The main advantage of group health insurance is that it often offers lower premiums compared to individual health insurance plans.
  • Boise City’s group health insurance plans may include coverage for medical services, prescription drugs, and preventive care.
  • Enrollment in the city’s group health insurance plans is typically open during specific enrollment periods or when individuals experience qualifying life events.

Contact us

Talk to us today if you need assistance crafting a competitive group health insurance and employee benefits package for your employees. You can also complete this form to receive a free customized proposal that is guaranteed to meet your needs. Dial 800-903-6066 now.

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