- Providing world class service and value for employee benefit group plans since 1987
Choosing the right health insurance plan is a critical decision that affects your financial well-being and access to medical care. Whether you're an individual, a family, or an employer looking to provide coverage for your team, understanding the different types of group health plans is essential. This guide will help you navigate the complexities of health insurance, comparing various options to help you make an informed decision.
Understanding your health insurance plan is crucial for effectively managing your healthcare needs and expenses. If you're uncertain about the specifics of your medical insurance, here are steps to help you identify and understand your health plan:
As alternative health benefits like Health Reimbursement Accounts (HRAs) gain popularity, understanding how they interact with existing laws like the Consolidated Omnibus Budget Reconciliation Act (COBRA) is crucial. Many employees and employers wonder: Does COBRA apply to HRAs, and how can they work together?
Here’s a straightforward guide from Taylor Benefits Insurance to explain COBRA and how it relates to various types of HRAs.
When comparing Anthem, Blue Cross Blue Shield vs Cigna, it’s essential to understand the key differences in coverage, availability, and customer satisfaction, particularly for businesses looking to provide healthcare benefits to employees. Both are reputable insurance providers, but they cater to different needs and regions. Here's an in-depth look at these companies to help businesses make informed decisions.
When you lose your job, one of the biggest concerns is how to maintain health insurance coverage. The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows individuals to continue their employer-sponsored health insurance for up to 36 months. However, COBRA is often an expensive option, with premiums averaging between $400 to $700 a month per individual, sometimes even higher. Given these costs, many people seek a more affordable
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As small business owners, understanding the importance of investing in a comprehensive small business benefits package is key to your enterprise's longevity and success. It's not just about providing a paycheck anymore; today's top talents are seeking employers who value their well-being and future.
This guide will introduce you to the concept of fringe benefits – those additional perks beyond base salary that can make all the difference in attracting and retaining quality staff. These can range from health coverage
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Term life insurance is a type of life insurance policy that provides coverage for a specified "term" or period of time. If the policyholder passes away within this term, a death benefit is paid out to their beneficiaries. However, if the policyholder outlives the term, no such benefit is provided. The common durations for these policies are typically 10, 20, or 30 years, and they are favored for their affordability relative to other types of life insurance. It's crucial to
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Navigating the world of insurance and healthcare can be complex, with numerous terms and definitions that often leave people confused. One such term that comes up frequently in these industries is 'Third Party Administrator' or 'TPA.' What is a TPA? And why should you, as a consumer, policyholder, or business owner, care about TPAs? These are just some of the questions that we at Taylor Benefits Insurance strive to answer for our clients every day. A
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Life is akin to a grand theatrical play, filled with unforeseen plot twists and turns. One of these unexpected events is accidents. Imagine an abrupt gush of wind that upends a meticulously built tower of blocks - an accident has a similar power, abruptly transforming our lives, invoking both physical discomfort and financial upheaval. In such a whirlwind of uncertainties, group accident insurance steps forth, much like a reliable anchor, adding stability to the stormy seas of life. Consider it
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Welcome to the Taylor Benefits Insurance Agency blog, where we strive to provide you with valuable insights and expert guidance on all things related to employee benefits. In today's article, we delve into an important topic that affects both employers and employees: COBRA (Consolidated Omnibus Budget Reconciliation Act). Have you ever wondered what happens to your health insurance coverage when you leave a job? Are you aware of your rights and benefits under COBRA? Whether you are an employer navigating
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Todd Taylor with Taylor Benefits gives our small business the kind of personal service we need. Insurance benefits are important to our employees and Todd helps us find a balance between benefits and value. Todd responds immediately to my phone calls & e-mails. He has even gotten in touch with me on a Sunday when we were in need of coverage answers immediately. We are very pleased with the hands-on service Todd and his staff provide.”
-Ken and Linda Orvick, Orvick Management Group, Inc.
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