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
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The fast-paced and competitive business environment has made employee wellness a top priority for organizations seeking to boost productivity, reduce healthcare costs, and foster a positive workplace culture. An effective employee wellness program can lead to numerous benefits, including increased employee engagement, improved job satisfaction, and enhanced overall company performance. This article from experienced professionals of Taylor Benefits Insurance delves into the essential components of implementing
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Back in the "old days," when companies were less committed to work-life balance, employees might have to schedule a vacation day to help out at their child's school or sports team or even spend the day at the animal shelter. For many workers, those days are over since they now have access to VTO or Volunteer Time Off. VTO means that workers can take time to participate in volunteer activities without using up their personal vacation or sick time. In
Read Full Article HereFor any employer trying to attract and retain high-quality employees, keeping up with changes in benefits is an ongoing challenge. It’s clear that workers want to trust their employer to help safeguard their physical and mental well-being, and it’s also apparent that doing so is in the employer’s best interest. But there are always competing interests—fairness, cost, time, and more all need to be juggled to come up with the right combination of employee benefits.
Your insurance policy isn’t a one-and-done deal. And yet, it’s easy to sign the document and put it away in a drawer. In fact, too many people do just that, even forgetting where they left their policies. Then, the first time the policy crosses their minds is when it’s time to renew it or make a claim. Unfortunately, by that time, the damage might already be done. Insurance policies, including life insurance, need some updating now and then. Your circumstances could
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Nearly anyone can start a business, but it takes a lot of hard work and dedication to lift it off the ground. A significant milestone for any business owner is offering group health insurance plans to employees, but it also comes with numerous challenges. Navigating health insurance plans is no picnic, especially when choosing a plan for your organization. But providing health insurance to employees is a good business practice and, in some cases, a legal requirement. So, how can
Read Full Article HereMany people say that running a business is expensive. But that really depends on the type of owner you want to be. It’s much cheaper if you don’t offer benefits. Unfortunately, sacrificing employee benefits to save a few bucks means endangering your company’s future. If you want to be a great owner and trusted leader, you must keep your employees happy, loyal, and productive. But doing that will require at least some benefits. In this respect, healthcare is something everyone wants. And
Read Full Article HereThere are two fundamental ways for employers to pay for health care for their employees: Fully insured means buying health care insurance at a fixed cost with no annual opportunity to save money if your employee population experiences low usage. The alternative of self-funding offers the possibility that the company could spend less under some circumstances. In a fully-insured scenario, the employer assumes no risk after paying the premiums negotiated with the insurer. In contrast, self-insured companies must
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