What is a TPA? Everything You Need to Know About Third Party Administrators

  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

Top Benefits of Group Accident Insurance: Safety Net for Unexpected Events

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

Do Employers Have to Offer COBRA? Understanding Your Rights and Benefits

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

What Is Short-Term Disability: A Must-Read Ins & Outs For Every Employee

In an unpredictable world, who doesn't want a safety net? But when that safety net comes in the form of short-term disability insurance, understanding the ins and outs can often be a journey through a dense jungle. That's where Taylor Benefits Insurance Agency, comes in. We're here to provide you with a roadmap, shedding light on the labyrinth of terms like "elimination period," "waiting period," "benefit amount, "and "benefit period." Because when life throws a curveball in the form

Group Health Insurance Vs Blanket Health Insurance: What’s the difference?

With a multitude of options available for health insurance, it is crucial to understand the differences between various types of insurance policies, such as group health insurance and blanket health insurance. At Taylor Benefits Insurance Agency, we understand that choosing the right health insurance plan for your organization can be a complex and daunting task. In this article, we aim to provide you with a comprehensive comparison of these two insurance types, helping you make an informed decision based

A Guide to Offering Health Insurance to Employees

Everything Employers Need to Know to Get Started with Group Health Plans

If you're a business owner, one of the most important benefits you can offer your team is health insurance. In today’s job market, having a strong health plan is not just helpful—it’s often expected. According to a 2024 survey by the Kaiser Family Foundation, nearly 59% of Americans get their health coverage through an employer-sponsored plan.

Different Types of Retirement Plans You Can Offer to Employees

Helping employees save money for their golden years is an admirable effort. But that’s not the only reason to consider offering different types of retirement plans. These days any extra financial benefits aside from salaries are expected by most employees. Serious employers must have several employer retirement plan options when presenting job offers. Of course, workers should have flexibility and be able to choose retirement plan options that benefit their lifestyle, projected earnings, and ability to save. For that reason, it’s

Employer-Funded HSA – What It Means for You and Your Employees

A health savings account (HSA) offers several benefits to your employees. These accounts are portable, meaning they can keep them even if they leave your company. Plus, employees can use the accounts like savings accounts, allowing them to cover qualified healthcare expenses while generating interest on the money saved in the HSA. With such obvious advantages, it seems the decision to add HSAs to your benefits package is a simple one. What isn’t so simple, however, is the decision

Group vs. Individual Insurance – All Key Differences Explained

Offering health insurance is an excellent way to attract talented people to your company. This key benefit relieves one of the biggest cost burdens your employees face as they no longer need to worry about paying for their own insurance, they’re not thinking about possible health issues while working. The result is a more motivated and productive workforce that has a positive impact on your company’s bottom line. Knowing this, you may be preparing to introduce health insurance into your company’s

Best Group Insurance for Small Business

Picking the right group insurance plan for your small business is a big decision. It’s not just about keeping your team covered—it’s about finding the right balance between cost, coverage, and flexibility. With so many insurance providers on the market, each offering different plans and benefits, it can be hard to know where to start.

Whether you're offering group insurance for the first time or looking to improve your existing plan, it's important to understand