Charlotte Group Health Insurance & Employee Benefit Plans

Charlotte is the entertainment, health and educational hub in Michigan. The city also boasts of several companies that offer employment to the city’s residents. As an employer in this city, you should know that employees are not only interested in an attractive paycheck. Their focus has shifted to employers who provide quality health insurance and employee benefits to top it up. Therefore, providing a solid group health insurance and employee benefits plan is an important decision that that will not only keep your employees healthy but also productive and happy.
Charlotte group health insurance plans

Charlotte NC Large Group Health Insurance Plans

Large businesses must offer health insurance to their employees to comply with the Affordable Care Act, but they have options for compliance. For many companies, the cost is a significant determinant of their selection. According to the Kaiser Family Foundation report on benefits, insurance costs continue to increase. Yet, companies must hold the subscriber share below 9.6 percent of gross income, or they won’t meet the ACA affordability standard.

Companies can use cost-saving methods like increasing the deductible and changing delivery structures. For example, a business may save money with a high deductible plan, which can be supported by a health savings account (HSA) if it qualifies. However, the IRS requires a very high minimum deductible to be eligible for an HSA. Also, many workers now have responsibility for a copayment when they visit a provider. The payment is usually either a flat fee or a percentage of the charge. The copayment might be more for a specialist than for a general practitioner.

Also, some large companies now choose to self-fund their health care costs. That means the business pays directly for employees’ claims for health services instead of buying an insurance policy. However, these companies usually hire a third-party administrator to manage the programs, evaluate the claims, and assure employee confidentiality. For some, it’s an excellent way to save money.

Charlotte NC Small Business Health Insurance Plans

Small companies are not included in the ACA mandate if they employ fewer than fifty workers. The employers that want to offer health insurance may find that their per-capita costs are higher than large businesses because they don’t have a large enough population to spread out the risks. Self-funding is also riskier for these firms since even a few large claims could be catastrophic. Instead, they might consider level funding, which has some benefits of self-funding but limits the exposure to high claims. Your Taylor Benefits Insurance specialist can guide you through the evaluation.

Charlotte NC Employee Benefit Plans and Employee Benefit Packages

Employees want great perks, and companies want great employees. Still, they may not be able to afford the high cost of some attractive benefits. Nonetheless, most companies provide health insurance and paid time off—with the percentage participating higher in bigger firms.

That’s a great start since many workers prioritize those benefits. To add to the appeal, consider some of these sought-after options:

  • Family leave
  • Retirement support
  • Dental and vision insurance
  • Flexible working schedules
  • Childcare support (and elder care assistance)
  • Remote work options
  • Free snacks
  • Wellness programs
  • Tuition assistance

Group Health Insurance and Employee Benefits

Whether your business is small or large, it will benefit from the right group health plan. One of the biggest secrets successful businesses use to attract and retain quality employees is the ability to provide workers with a flexible and affordable group health insurance plan. When you offer attractive health insurance options, your business will experience a lot of positive changes. For instance, when recruiting new employees; there will be an increase in the number of applications and you will spend less time in finding quality candidates worth hiring.

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

What to Look For In an Insurance Provider

Work with providers that are offering the best plans at affordable prices before buying an insurance plan. Below are important tips to help you when choosing an insurance provider:

  • Check if the provider you want to do business with pays claims well. Be aware of providers who don’t pay claims in good time.
  • Find out the financial stability of your provider before you buy insurance products to help you determine whether they are capable of delivering quality services.

Benefits of Working with an Insurance Broker

Experienced insurance brokers have a lot to offer. The following are their advantages:

  • Brokers will provide you with plans from several insurance companies since they do not work for any particular insurance company.
  • Brokers will customize a policy to suit your needs after shopping for policies from several carriers and at the best rates.
  • Brokers will compare prices and plans from different carriers when shopping for new insurance policies in order to get the best rates and plans thus save you time and money.

Who We Are

Taylor Benefits is a top ranking insurance broker that operates in Charlotte. We have been providing small and large businesses across this city with a wide range of group health insurance and employee benefits for more than 30 years. Our team of experts is dedicated to walking you through the entire process of crafting effective plans while providing you with the best recommendations to protect your interests. We have a solution for you regardless of your health insurance and employee benefits needs. Our dedication to offering exceptional service while conducting unbiased carrier evaluations is unwavering. We take time to understand your business needs in order to align them with your employees’ needs before creating a tailor-made benefits package that is affordable and also comprehensive.
Charlotte group health benefits and employee insurance plans

Insurance Products by Taylor Benefits

At Taylor Benefits, we provide the following group health insurance and employee benefit plans to employers in Charlotte:

  • Retirement and pension
  • Health insurance
  • Dental insurance with different dental plans
  • Vision insurance
  • 401k
  • Section 125 cafeteria plans
  • HSA
  • Short and long-term disability insurance
  • Life insurance
  • Long-term care
  • Large group health insurance
  • Small group health insurance

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

Why Taylor Benefits

We are an independent insurance agency providing group health insurance and employee benefits plans for employers in Charlotte. We understand your business needs an attractive and affordable benefits package that will position you as an employer of choice among high quality industry professionals. Thus, we will help you come up with an attractive employee benefits program. We work with top insurance carriers hence able to provide you with solid plans. We will help you understand the insurance market to enable you to buy the most affordable employee benefits packages. Our insurance brokers are always up to date with the latest developments in the insurance industry. Thus, they will help you come up with plans that are relevant. We are keen on complying with the Affordable Care Act (ACA) and other local, state and federal laws to avoid penalties.

Contact Us

Our licensed brokers are ready to help you find the right group health insurance and employee benefits plan in Charlotte. Call us now on 800-903-6066. We will also give you a free custom proposal.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Charlotte, NC

Health benefits are defined as the non-cash compensation that an employer provides in addition to the regular pay to safeguard the employee’s health and wellbeing. In addition, it’s an effective way to keep employees satisfied and reduce employee turnover in the company.

In Charlotte, NC, North Carolina, What Is Considered a Small Business Group for Health Insurance Plans?

The term “small company health insurance” refers to comprehensive medical coverage provided by an employer to businesses with less than 50 staff members. Employees can take advantage of this perk by paying a portion of the associated fees out of their wallets, although doing so is entirely voluntary.

In Charlotte, NC, North Carolina, What Is Considered a Large Group for Health Insurance Plans?

A type of health insurance policy known as a vast group health plan provides coverage for an entire workforce for a single employer. Large group health plans are, in general, those that are offered by companies that have more than 50 full-time employees enrolled in their programs.

What Benefits do Employers Offer in Charlotte, NC, North Carolina?

Health care benefits are becoming increasingly expensive for employers, even as employees demand more from their plans. It’s critical to create a package that works for both your business and your employees. The following are just a few of the perks that Charlotte-area firms provide their employees:

  • Health Insurance
  • Dental Insurance
  • Disability Insurance
  • Vision Insurance
  • Flexible Spending Account
  • Employee Assistance Plan
  • Life Insurance
  • Long-Term Care Insurance

How Much Does It Cost to Offer Employees Health Insurance?

If you are an employer, having the ability to offer health insurance to your workers can give your company an advantage over its competitors because it can lead to increased levels of contentment and productivity among your workforce as a whole. The average annual premium for single coverage through an employer-sponsored health insurance plan was $7,470 in 2020, while the average annual premium for family coverage was $21,342. When the expenditures that employees are responsible for are factored in, the average cost of group health insurance for an employer to cover a family is around $15,754, and the average cost of group health insurance for an employer to protect one person is approximately $6,227.

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