- Providing world class service and value for employee benefit group plans since 1987
The essential health benefits listed below are included in all our group healthcare insurance plans. However, each client is different, and each has unique healthcare needs. If you need healthcare coverage not listed below, contact us and we can add it to a group plan for you.
The average Cincinnati (Ohio) residents spent $55,071 in 2015 on their annual expenses, $4,616 of which was for healthcare costs. Although such healthcare costs may not seem like a lot, in context they are.
Even paying over $4000 per year is a lot, especially when it just covers healthcare. While you need healthcare insurance, you do not need to keep paying so much. You can pay less, without sacrificing the depth of coverage of your healthcare insurance plan.
The secret is really no secret at all. Simply sign up for a group healthcare insurance plan. Group healthcare insurance plans are cheaper than individual or family plans. You pool your money in with a group, and then the group uses its leverage and purchasing power to gain better and more comprehensive benefits.
Group healthcare insurance plans provided by independent agencies are better than plans offered by private or public options like established insurance providers or the federal exchange. Receive the healthcare you want, while reducing your costs, and switch to a group healthcare insurance plan from Taylor Benefits Insurance today.
In Cincinnati, like elsewhere in the U.S., the cost of healthcare insurance can be a burden on small businesses. It’s expensive and small companies typically pay more per capita than big companies, which get a better deal. Yet over half of the small companies provide coverage to at least their employees, with some also offering it to dependents. In addition, small companies have benefitted from some improvements due to the ACA and SECURE Act, which supports companies establishing coverage.
A tax credit is available for small businesses (fewer than 25 full-time or full-time equivalent) employees with low average wages if they offer coverage through the Small Business Health Options Program and subsidize at least half the cost (for the employee—no subsidy is necessary for dependents).
A good employee benefits package will boost companies of any size in their effort to recruit and retain employees. Workers’ primary consideration is often the pay rate, but most also compare the benefits offered. Health insurance is a critical component of a solid benefits plan, and not offering it is often a deal-breaker.
Workers really want paid time off, too. It’s not required in Ohio but is frequently available for employees.
After those basics, employees report wishing for dental coverage, vision insurance, childcare assistance, retirement plans, and flexible scheduling policies.
Businesses and employees share insurance costs. There may be savings to be had if your group insurance plan is unique. Depending on the employee's financial situation, group health insurance rates often range from 70 to 90 percent. If an employee does not have the funds to cover his or her healthcare, assistance may be available.
Companies in Cincinnati, Ohio offer a wide range of benefits to their employees. Here are a few of them:
● Short And Long Term Disability Insurance
● HSA
● Vacation Options
● Unemployment Plans
● 401k
● Dental Insurance
● Vision Insurance
● Section 125 Cafeteria
● Life Insurance
● Long Term Care
● Health Insurance
● Affordable Care Act
● Retirement and Pension
Several basic programs are available to employees. Depending on the needs of your employees, you can customize the insurance package.
A company must employ a certain number of people to qualify as a small business group. Unfortunately, companies fail to see that they only need one qualified person. Up to 50 employees can be covered by a small business insurance policy. Beyond 50 employees, big group health insurance is available.
Cincinnati, Ohio, offers the same large group health insurance policies nationwide. In companies with 50 or more employees, employees are provided with the necessary benefits and protections. The benefit of having a large group of employees covered by a health insurance plan at a reasonable price for a company is excellent. This is because some insurance providers offer bulk discounts on such plans.
In Cincinnati once you approve and submit necessary employee information we typically turn around a custom group benefits plan within a few days. Then employees can usually enroll, coverage can be bound and active as early as the next available plan renewal date sometimes as soon as 30 days.
Not every employer in Cincinnati is required to provide health insurance. Businesses with fewer than 50 full time workers may choose whether to offer coverage. However, many still provide group plans to attract qualified employees and remain competitive in the local job market.
Group health insurance pricing in Cincinnati is mainly based on employee count, average age of the workforce, and overall health risk of the group. Employers also influence cost through plan design choices like deductibles, coverage level, and how much of the premium they contribute. Carrier rules and participation rates can also affect final pricing.
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 just started working with Taylor Benefits and could not be happier. Todd gave us quite the education as well as some time saving tools to help us manage our HR and save money too. We are looking forward to a long relationship!”
-Carol, Accounting Manager, recruitment marketing company, Campbell, CA
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