Clarksville Group Health Insurance & Employee Benefit Plans

Proper healthcare in any nation promotes the success of its people and directly affects every family’s financial wellbeing. Good health care touches almost every area of the daily lives of American citizens. Group insurance and employee benefits have been developed in an effort to offer affordable healthcare to people working in groups.

With a population of about 150,287 people, the city of Clarksville, located in Tennessee, state enjoys the benefits of a good health care insurer.

Clarksville group health insurance plans

Clarksville TN Large Group Health Insurance Plans

To comply with the ACA (Affordable Care Act) mandates, any company employing fifty or more workers must offer health insurance that meets the Act’s requirements. Most large companies offered insurance even before the ACA required it, but the quality and comprehensiveness varied. In addition, health care is expensive, and the ACA also limits how much employees can be required to pay for their coverage.

One approach many larger companies take to maintain their coverage while managing costs is self-funding. Self-funding means the company pays directly for the employee’s medical claims rather than buying insurance. This method is invisible to the employees, who submit their claims as usual. The advantage for the employer is that they have more control, may have better cash flow, and often save money overall. But they have to be able and willing to accept the risk that several abnormally high claims may push costs over the expected level. Companies may want to purchase a stop-loss policy which can limit their overall exposure. Most also engage a third-party administrator to process claims.

Clarksville TN Small Business Health Insurance Plans

It’s a bit more challenging for small companies attracted by the potential cost savings of self-funding. The reason is that since they have fewer subscribers, just one or two significant claims can disrupt their budget and overcome any savings. As a result, some businesses may choose level funding, a hybrid of full insurance and self-funding. It offers smaller savings than a self-funded program but limits the organization’s financial exposure.

Clarksville TN Employee Benefit Plans and Employee Benefit Packages

A retirement savings plan is a benefit that employees want, although participation rates are low in companies that offer one.

Whether the business is large or small, some excellent options exist to assist workers with retirement savings. The SEP-IRA (Simplified Employee Pension Individual Retirement Account) may be a good choice for companies with fewer than twenty workers. It’s flexible because the owner can decide whether to contribute or not each year.

Larger companies can consider the SIMPLE IRA, which has more options. In either a SEP or SIMPLE plan, any contribution the business makes immediately belongs to the account holder with no vesting period. This provision contrasts with the sometimes lengthy vesting periods for accounts like 401(k) plans. This waiver of vesting provides the employer with a safe harbor for compliance with nondiscrimination protocols, increasing the simplicity of compliance.

Group Health Insurance and Employee Benefits

Group health insurance and employee benefits are offered to employees of a particular company besides their usual salary. They have benefits to both the employer and the employee. When offered as group insurance, it is more affordable because the risk factor is spread among the benefactors. The employer attracts and maintains a highly skilled workforce. Productivity among the employees goes up due to wellness and preventive insurance which promotes a healthy workforce.

Health insurance premiums are tax deductible offering tax relief to businesses. In Clarksville, companies offering a good group health insurance cover stand to benefit by having a healthy workforce.

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

Who We Are

Taylor Benefits Insurance Agency has been in the business of crafting group insurance plans and employee benefits since 1987. We boast of over 25 years of experience, which has made us the best in our field. We are an independent insurance broker and we work with all competitive insurance carriers in the market, on your behalf for the best prices possible.

We make sure that our clients’ insurance carriers maintain a competitive position and we treat our clients like family. We also handle all compliance issues and new developments in the health insurance sector for our clients.

Clarksville group health benefits and employee insurance plans

Insurance Products by Taylor Benefits

We offer health insurance products according to your needs, goals and budget. We have identified the most popular plans among our clients and they are tailored to meet each company’s needs. The products offered at Taylor Benefits include:

  • Medical insurance
  • Affordable Care Act (ACA)
  • Dental insurance
  • Vision insurance
  • Pension plans
  • Group 401k retirement plans
  • Benefits and wellness plans
  • Short and long-term disability insurance
  • Long-term care
  • Life insurance
  • Health savings plan
  • Clarksville large group health insurance

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

Reasons why you should choose Taylor Benefits

When choosing a group insurance provider in Clarksville, an insurance broker is the best. Taylor Benefits is an independent group health insurance broker. This means that we are not attached to any company, and so our main focus is you, the client. You are assured of privacy and confidentiality of your information, because we do not disclose client discussions. We take our time to understand your requirements and needs.

Contact Us

Getting an insurance provider for your employees does not have to be difficult. Get in touch with us, and let us guide you to get the best offer in the market. Call us now on our toll-free number 800-903-6066 for free consultation and request for a quote here.

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