Boston Group Health Insurance & Employee Benefit Plans

Boston group health insurance plans

Boston, MA Large Group Health Insurance Plans

Large companies in Boston must abide by the ACA provisions and the more progressive state health care rules. The ACA requires employers with more than fifty workers to offer affordable, comprehensive policies to most employees. The affordability standard limits workers’ costs to 9.61 percent of their gross income. Also, the policy must cover at least sixty percent of anticipated medical expenses. The ten essential benefit areas every policy must address are:

  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

Boston, MA Small Business Health Insurance Plans

While the ACA does not apply to companies that employ fewer than fifty workers, Massachusetts will assess a penalty against companies with as few as eleven employees if any of their workers obtain coverage on Connector Care or MassHealth. Since people are not eligible for Connector Care policies if they have access to employer-sponsored insurance that provides an acceptable minimum value. On the other hand, if the employee’s wages are low enough to qualify for MassHealth, the employer can be assessed the penalty even if they offer adequate employer coverage. There are some exceptions to this provision.

Boston, MA Employee Benefit Plans and Employee Benefit Packages

Boston is a competitive labor market. One way for a business to attract top talent is by developing an excellent benefits package. Tech companies and start-ups often lead the way, innovating with new offerings. Some of the recent additions to foundational stalwarts like health insurance paid time off, and retirement savings that are getting a lot of attention include:

  • Home office stipends for remote work
  • Diversity policies
  • Equal pay policies
  • Relocation assistance
  • Team workouts
  • Free snacks and lunch
  • Game rooms
  • Unconscious bias training
  • Sponsored industry certifications
  • Mentorship programs
  • Paid volunteer time

Boston Group Health Insurance & Employee Benefit Plans

Taylor Benefits Insurance is an independent agency that has over 25 years of experience providing clients with custom group healthcare insurance plans. Each plan is tailored to the client, ensuring they receive the best healthcare possible, at the most affordable price point possible. We are not in competition with insurance providers or the state or federal exchanges. The group healthcare insurance plans we write are customized. Not being in competition, we can offer better plans than those available in your area. If you are not satisfied with local healthcare coverage, contact an independent agency like Taylor Benefits Insurance today and see the difference that group insurance can make!

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

How Taylor Benefits Can Help You

We offer our clients the following benefits. Depending on your healthcare needs, we can provide additional, or more comprehensive, coverage. Choose the healthcare you want with group healthcare insurance plans that are custom written by independent agencies.

Boston group health benefits and employee insurance plans

Rising Rates Are Troubling for Bostonians

In 2016. Insurance premiums for one of the more-popular healthcare plans in Boston (Massachusetts) raised its premiums 21 percent. This is not an isolated instance. Rates and premiums are rising on healthcare insurance plans across the country as insurance providers find themselves unable to make healthcare insurance as profitable as it once was.

Now that the majority of people have healthcare insurance, and those that do not are required to get it by law, insurance providers are unable to set their own rates, determine their own premiums, or deny coverage based on pre-existing conditions. Insurance is no longer uniformly profitable for providers, so they are raising premiums. Do not let yourself be trapped by inferior insurance plans when you can switch to group insurance today.

With the future of Obamacare politically and legally uncertain, and insurance providers raising rates dramatically, Boston residents need healthcare that works for them. They need healthcare coverage that is affordable and comprehensive. They need group insurance that is custom-written by an independent agency like Taylor Benefits Insurance.

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

Relevant Statistics

  • Over 70% of companies in Boston offer group health insurance to their employees.
  • The average deductible for group health insurance plans in Boston is $250 per year.
  • Approximately 90% of individuals covered by group health insurance in Boston have access to preventive care.
  • More than 80% of group health insurance plans in Boston include prescription drug coverage.
  • The average employer contribution towards group health insurance premiums in Boston is 75%.

General Facts

  • Boston group health insurance refers to healthcare coverage plans provided to a group of individuals in the city of Boston.
  • Group health insurance offers coverage for medical expenses, including doctor visits, hospital stays, and prescription medications.
  • Employers in Boston often provide group health insurance as part of their employee benefits package.
  • Group health insurance plans in Boston may vary in terms of coverage options, premiums, and provider networks.
  • Group health insurance provides the advantage of spreading risk across a larger pool of individuals, which can lead to lower premiums compared to individual health insurance plans.

We Provide Unique Healthcare Plans

Our group healthcare insurance plans are unique. We can offer healthcare benefits that insurance providers or Obamacare plans in your area cannot. Our plans are written with our clients in mind. This way, we are able to better select the healthcare benefits our clients need, and provide these benefits at the prices our clients want to pay.

The Taylor Benefits Promise

Reduce the cost of your premiums by switching to group insurance today. Do not rely on the federal government to keep Obamacare in action and do not rely on insurance providers to prevent rate increases in the future. Your healthcare coverage is in your hands. Contact us at Taylor Benefits Insurance today for a free estimate. There is no obligation to buy, and no payment is necessary. See the difference that group healthcare insurance can make in your life.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Boston, Massachusetts

Hospitalized patients in the United States who need financial assistance typically receive it from healthcare specialists under comprehensive insurance plans. In Massachusetts, health insurance coverage has been a requirement since 2006. Even after the Personal Responsibility Payment under the Affordable Care Act was repealed, Massachusetts law still imposes a state tax penalty for failure to have health insurance. Following are answers to some of the most commonly asked questions about health insurance in Massachusetts.

In Boston, Massachusetts, What Is Considered a Large Group for Health Insurance Plans?

An organization with more than 50 employees is covered by a big group health plan. There are no legal limitations on the number of employees that can be covered by large group health plans. You can secure group health insurance for your employees regardless of your company’s size or sector. Beneficiaries with specialized needs and risks may benefit more from individual health insurance policies.

What are Small Business Group Health Insurance Providers in Boston, Massachusetts?

Small Business Group Health Insurance is available from the following businesses in Boston, Massachusetts:

  • eHealthInsurance
  • Blue Shield
  • Kaiser Foundation Group
  • Unitedhealth Group
  • Coventry Corp. Group
  • Humana Group
  • Blue Cross
  • HIP Insurance Group
  • UHC of California
  • State Farm
  • Metropolitan Group
  • HCSC Group
  • Carefirst Inc. Group

What Are the Different Types of Benefits Offered in Boston, Massachusetts?

A growing number of employees appreciate the benefits packages they receive at work. Because of this, firms offer their employees’ health and retirement benefits that are reasonable. Organizations of all sizes can benefit from these benefits:

  • Health Insurance – Health insurance can have a significant impact on an employer’s ability to hire employees during the hiring process.
  • Vision & Dental – Businesses frequently select a less expensive vision or dental insurance policy or simply discount them.

Retirement and 401(k) – Even young employees understand the importance of planning for the future. Ensure your employees have a pension plan that sets you apart from the competition.

What Percent of Health Insurance is Paid by Employers?

The company and the employee pay for a comprehensive health insurance policy together. Approximately 70 percent to 90 percent of Boston’s total health insurance costs will be borne by business owners.

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.

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