Cary Group Health Insurance & Employee Benefit Plans

The city of Cary represents a thriving community that is strategically located at the heart of the Triangle area of North Carolina. The area has severally been ranked among top places in the country to live, work or start a business. However, employers must go the extra mile to recruit and keep the best talent. Desirable candidates are looking out for job opportunities that offer more than just an attractive salary. They are seeking employers who offer employee benefits in addition to a decent salary.

Cary group health benefits and employee insurance plans

Cary NC Large Group Health Insurance Plans

Large companies are mandated to require insurance for their employees and to hold workers’ premiums to a level that satisfies the affordability standards. The business is responsible for managing the overall cost. When inflation is rising, that can be a challenge. The Affordable Care Act restricts the amount that an employee can be required to pay to no more than 9.6 percent of their income. That makes it crucial for insurers to offer affordable policies that employers can provide.

Some tools that big companies can use to hold down costs include these:

  • Contracting with providers for in-network coverage.
  • Requiring pre-approval for inpatient hospital services (except for emergencies).
  • Adding telehealth options for minor issues.
  • Identifying cost-effective providers and offering incentives for workers to use those.
  • Organizing and sponsoring wellness activities like screenings, classes, and clubs.
  • Charging different premiums based on compensation level.

Cary NC Small Business Health Insurance Plans

Businesses that employ less than fifty workers don’t have to offer health insurance. However, many small companies want to help their employees manage health care costs. One tool a company can use is a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This account is a tax-advantaged savings account that allows employees to pay for medical expenses with pre-tax dollars. Some companies also contribute to their workers’ accounts.

With a QSEHRA, the company decides whether to contribute to the accounts or just manage the program. The decision and the amount can change every year depending on financial circumstances. However, if it has such a program (whether the firm contributes or not), it must be available for every full-time employee. The company can’t also offer a health plan or flexible spending account (FSA).

Workers pay for health care, then submit a claim to the QSEHRA for reimbursement. If employees don’t use the money they put in the account, they can roll them over for future usage.

Cary NC Employee Benefit Plans and Employee Benefit Packages

Creating a high-quality employee benefits plan usually means offering health insurance and paid time off at a minimum. Health insurance is among the most common benefits, and some potential employees may not consider joining a company that doesn’t offer it. Beyond the basics, if the company can afford more extensive options, consider these requested perks: vision coverage, dental insurance, and a retirement account. If the employer communicates the value of the benefits to the workforce, it may gain an opportunity to increase retention and potentially save by limiting pay increases.

Group Health Insurance and Employee Benefits

Employees are the lifeline of your company, when you have a work force that is content, you can be sure of increased productivity. For you to achieve this, you must be willing to go beyond tangible rewards like a paycheck. Provide a group benefits package. While offering a competitive benefits package is not cheap, you can work with a reputable insurance agency to help you put together a plan that is affordable yet comprehensive. This will help you recruit employees that are talented effectively boosting your bottom line.

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

Who We Are

Taylor Benefits is a leading group health insurance and employee benefits provider serving employers in Cary City. We have 30 years of experience crafting unique and affordable employee benefits plans for employers. Our insurance agents are committed to understanding your needs and the needs of your employees which serve as a guide for the plan that we develop for you. We understand the regulations that govern the health insurance industry therefore we devise plans that make you competitive in the market.  

Cary group health insurance plans

Insurance Products by Taylor Benefits

At Taylor Benefits, we offer the following health insurance and employee benefits options from which we can craft a custom plan for you:

  • Group medical insurance
  • Vision insurance
  • Dental insurance
  • Employee benefits and wellness plans
  • Long-term disability insurance
  • Short-term disability insurance
  • Group 401 (k) plans
  • Retirement plans
  • Pension plans
  • Health savings plans
  • Life insurance
  • Long-term care
  • Affordable Care Act (ACA)
  • Section 125 cafeteria plans
  • Cary large group health insurance

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

Why Taylor Benefits

With our years of experience in the health insurance industry, we are able to provide you with group insurance plans that match your needs. We work with a network of top carriers from whom we are able to pick different elements to deliver a concrete plan. Our team of insurance professionals leverages our in-depth knowledge of the industry to ensure compliance with the standards of the Affordable Care Act (ACA) and other laws to earn you tax breaks. We also carry out a market analysis when the time to renew your plan comes to ensure that your current carriers are still the best in the industry.

Get In Touch

Our team of licensed insurance professionals are on standby to offer free consultation on your group benefits plan. You can also request for a free proposal. Get in touch with us on 800-903-6066 to get started.

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