Brownsville Group Health Insurance and Employee Benefits Solutions

By calling Taylor Benefits Agency, you can take advantage of our consulting, auditing and training services any day of the week. We also give access to our online HR management tool which is easy to use and free to all of our clients so that management can easily learn about the new plan before explaining it to all others working for your Brownsville company. Our brokers will do their best to negotiate the cost of your package so that it doesn’t go over your financial limits.

Brownsville, TX Large Group Health Insurance Plans

Large employers in Brownsville must offer health insurance policies to their workers if they employ at least fifty. This requirement stems from the Affordable Care Act. The ACA also has specific rules for coverage and affordability.

Some companies prefer to enroll all subscribers in the same plan, while others allow employees to choose the package structure that meets their needs. Some take a fixed contribution approach, paying a set amount toward the employee’s premium and offering options that the worker can pay extra for if they desire. Half of the large companies recently surveyed by human resources consultant WTW stated that they are considering switching vendors to cut costs. Almost a quarter of those companies responding to the survey said they plan to increase the subscriber’s share of premiums.

Employees prefer a choice between programs, with an option for a POS (point of sale), PPO (preferred provider organization), and HMO (health maintenance organization).

Brownsville, TX Small Business Health Insurance Solutions

In cities like Brownsville, small companies can affordably provide health protection – if they choose to. However, the Affordable Care Act’s coverage mandate exempts employers with fewer than fifty workers, so the decision is up to the company. Companies looking for resources and information about insurance can find help from SHOP (Small Business Health Options Program), created by the ACA, which provides incentives for offering compliant coverage.

Some businesses can even qualify for a tax credit if they are eligible using these criteria:

• Employ fewer than 25 employees
• Pay lower average wages (currently set at less than $53,000 yearly)
• Offer an eligible health plan from the Small Business Health Options Program or through a qualified broker like Taylor Benefits Insurance.
• Subsidize at least half the cost for enrolled workers. The company does not have to share the cost for dependents.

Talk to your consultant about options for your small business.

Employee Benefits Plans and Workplace Incentive Packages

Benefits plans are the fringe benefits that companies offer to their workers in addition to their compensation. Statistics indicate that companies spend an average of thirty percent of their compensation budget on benefits. Some businesses focus on the basics like health insurance and time off, while some in more competitive industries may go all out. For most workers, health coverage and paid time off are at the top of the priority list, followed by these options:

• Retirement savings support
• Childcare assistance
• Tuition reimbursement
• Flexible scheduling
• Dental and vision coverage
• Remote working arrangements
• Wellness programs