- Providing world class service and value for employee benefit group plans since 1987
We’ve worked with business and group insurance plans in Chula Vista for more than 20 years and, in that time, have become an established and trusted provider of affordable, comprehensive group benefit and employee insurance plans. We are contracted with every major insurance carrier in California and offer a wide range of options that incorporate both flexibility and affordability.
Our benefits and insurance plans provide coverage for medical, dental and vision insurance, retirement, pension and 401k plans, life insurance, short and long term disability, and a number of flexible group and employee benefit and insurance plans. We provide guidance and consultation throughout the process of finding a comprehensive plan that works for both your business and its employees. All proposals are given free of charge and we provide an online HR admin tool as well as a free yearly review of all group benefit and employer-provided insurance plans.
Even though the Affordable Care Act gets credit for requiring large companies (with fifty or more employees) to provide health insurance coverage, most significant businesses in Chula Vista did so before the legislation's implementation. However, big companies periodically need to review their program to ensure it's cost-effective and complies with the ACA mandates. Specifically, the ACA requires comprehensive benefits and an affordable premium for subscribers. So when you check your coverage, consider talking to a consultant at Taylor Benefits Insurance about your options.
Prices for everything are going up, including health insurance. That means many employers struggle to maintain the required coverage without exceeding the allowable cost for their employees. One solution might be to offer an alternate plan. For example, consider an HMO or POS (point of service) program or a high deductible plan with a health savings account. These options might be less costly for both the company and the employee.
Some large businesses self-fund their insurance rather than buying coverage. That means that instead of paying a set amount to the insurer, the company pays whatever the actual claims are as the employees incur them. Most use a third-party administrator to manage the bills, analyze data, and ensure confidentiality.
As with large companies, small businesses trying to sustain their health care coverage and still manage costs may consider self-funding, which means the business pays the claims directly instead of buying an insurance policy. Small companies may hesitate before implementing this approach due to concern about high claims risk. However, it may generate savings, improved cash flow, and flexibility, making it attractive to some small businesses. In addition, some employers employ level funding, a variant that may lower their risks. This method uses self-funding combined with a stop-loss policy to reduce exposure to large claims. The combination can deliver the anticipated savings while protecting the company from the potential for huge losses.
For companies crafting an employee benefits package in Chula Vista, California, it’s a good idea to start with the basics like health insurance and paid time off. California companies must offer their workers three paid sick days per year but don't have an obligation to provide paid vacation or holidays. However, many include that benefit in their package to be competitive, and California has rules about paying for the time workers accrue and don't use.
Additional benefits that workers want include:
Like several other states, California has a state-sponsored retirement program that companies must facilitate for their workers if they don't offer separate 401(k) or IRA options. The employer doesn't have to contribute to the worker's account but must make automatic savings possible.
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.
We’re ready to help! Call today: 800-903-6066