Cincinnati Group Health Insurance | Best Group Health Insurance for Small Business in Cincinnati, OH

Cincinnati Group Health Insurance & Employee Benefit Plans

For the best group healthcare insurance plans, contact an independent agency like Taylor Benefits Insurance today. Independent agencies serve their clients first. They are not in competition with established insurance providers or the federal exchange. Plans are custom-written, and the benefits clients receive are not limited by other plans available on the market.

By contrast, many clients come to independent agencies like Taylor Benefits Insurance because they are not satisfied with the current healthcare insurance plans offered in their area. Taylor Benefits Insurance has over 25 years of experience writing custom group healthcare insurance plans, and we can write a custom plan for your group as well.

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

Benefits We Offer Our Group Clients

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.

Typical Problems with Group Insurance in Cincinnati

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.

Cincinnati group health benefits and employee insurance plans

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.

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

Insurance Writing is an Individual Experience

At Taylor Benefits Insurance, all our plans are unique. Each one is crafted towards serving one specific client. We believe that cookie-cutter healthcare insurance plans are not the answer. Instead, each client needs a unique plan to address their needs. With group healthcare insurance plans, you not only receive a more affordable plan, but also a more customized and more comprehensive one as well.

The Taylor Benefits Promise

Contact Taylor Benefits Insurance regarding group healthcare insurance and receive a free estimate. See the difference that switching to group healthcare insurance can make on your wallet. There is no payment necessary, and you do not need to enroll in a group plan, in order to receive an estimate.

Cincinnati OH Large Group Health Insurance Plans

The Affordable Care Act (ACA) created a requirement for large employers to offer affordable health insurance policies to their employees. The subscriber’s share of the premium can’t exceed 9.6 percent of their gross pay (for 2023, the amount decreases to 9.12). There is no threshold for affordability for dependent coverage. However, companies must make policies available to dependents, who can stay on a parent’s policy until they turn 26. Also, the insurance must be designed to cover at least sixty percent of a worker’s health and medical needs and include these benefits:

  1. Ambulatory patient services (outpatient care)
  2. Emergency services
  3. Hospitalization, including surgical and medical
  4. Maternity and newborn care, including delivery
  5. Mental health and substance use disorder services
  6. Prescription drugs
  7. Rehabilitative services and devices
  8. Laboratory services
  9. Preventative and wellness services, including chronic disease management
  10. Pediatric services, including dental and vision care for children under the age of 19

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

Cincinnati OH Small Business Health Insurance Plans

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).

Cincinnati OH Large Group Health Insurance Plans

Relevant Statistics

  • Over 90% of businesses in Cincinnati offer group health insurance to their employees.
  • The average cost of a monthly premium for group health insurance in Cincinnati is $400 per employee.
  • Around 80% of Cincinnati residents have access to employer-sponsored health insurance plans.
  • Cincinnati has seen a 15% increase in the enrollment of group health insurance plans over the past five years.
  • More than 70% of individuals covered under group health insurance in Cincinnati receive regular preventive care services.

General Facts

  • Cincinnati offers various group health insurance plans for businesses and organizations.
  • Employers in Cincinnati can provide health insurance coverage to their employees through group plans.
  • Group health insurance typically offers more affordable rates compared to individual health insurance plans.
  • Cincinnati group health insurance plans often cover services such as doctor visits, hospital stays, and prescription medications.
  • Employers can customize their group health insurance plans in Cincinnati to meet the specific needs of their workforce.

Cincinnati OH Employee Benefit Plans and Employee Benefit Packages

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.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Cincinnati, OH

Medical expenditures following hospitalization or a need for financial assistance from a healthcare provider are covered by comprehensive supplementary insurance in the United States. Every Ohioan must have health insurance under the Affordable Care Act. You can obtain health insurance via a private plan if your job does not provide coverage. Ohio does not impose any health insurance requirements outside of the ACA. Here are some frequently asked questions regarding Ohio health insurance.

What Percent of Health Insurance is Paid by Employers?

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.

What Are the Different Types of Benefits Offered in Cincinnati, Ohio?

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.

In Cincinnati, Ohio, What Is Considered a Small Business Group for Health Insurance Plans?

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.

How Do Large Group Health Insurance Plans work in Cincinnati, Ohio?

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.

What are the key benefits of Cincinnati Group Health Insurance for small businesses?

  • Cost savings: Group health insurance plans typically offer lower premiums than individual health insurance plans, making it more affordable for small businesses to provide health coverage to their employees.
  • Attract and retain top talent: Offering group health insurance can help small businesses attract and retain top talent by providing a valuable benefit that employees value.
  • Improved employee morale and productivity: Providing health insurance coverage can help employees feel more secure and valued, leading to increased morale and productivity in the workplace.
  • Tax benefits: Small businesses may be eligible for tax deductions on the premiums paid for group health insurance, providing additional cost savings.
  • Access to a broader network of healthcare providers: Group health insurance plans often provide access to a larger network, giving employees more options for their healthcare needs.
  • Compliance with healthcare regulations: Offering group health insurance can help small businesses comply with healthcare regulations, such as the Affordable Care Act, and avoid penalties for not providing health coverage to employees.
  • Health and wellness benefits: Many group health insurance plans offer additional benefits, such as wellness programs and preventive care services, that can help employees stay healthy and reduce healthcare costs in the long run.

How does Cincinnati Group Health Insurance comply with state regulations?

Cincinnati Group Health Insurance complies with state regulations by ensuring that its health insurance plans meet the minimum requirements set by the state. This includes providing essential health benefits, following state guidelines for coverage and pricing, and adhering to any other regulations specific to the state in which they operate. Cincinnati Group Health Insurance also stays current on any changes to state regulations and adjusts its plans accordingly to remain in compliance. Additionally, they may work with state regulators to address any issues or concerns that arise to maintain compliance with state regulations. 

What coverage options are available under Cincinnati Group Health Insurance plans?

Cincinnati Group Health Insurance plans offer a variety of coverage options, including:

  • Medical coverage: This includes coverage for doctor visits, hospital stays, prescription medications, and other medical services.
  • Dental coverage: Some plans may include dental coverage for preventive and basic dental services, such as cleanings, fillings, and X-rays.
  • Vision coverage: Some plans may include vision coverage for eye exams, glasses, and contact lenses.
  • Mental health coverage: Many plans offer coverage for mental health services, including therapy and counseling.
  • Prescription drug coverage: Most plans include coverage for prescription medications, with varying levels of copayments or coinsurance.
  • Wellness programs: Some plans may offer wellness programs and resources to help members maintain their health and prevent illness.
  • Telemedicine services: Some plans may offer telemedicine services, allowing members to consult with healthcare providers remotely.

It’s important to review the specific details of each Cincinnati Group Health Insurance plan to understand the coverage options available and choose the plan that best meets your needs. 

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

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