Colorado Springs Group Health Insurance & Employee Benefit Plans

Colorado Springs group health benefits and employee insurance plans

Colorado Springs CO Large Group Health Insurance Plans

Across the breadth of the country, from radiant coasts to verdant Colorado Springs, large employers are tirelessly searching for directions to contain the persistent increases in healthcare costs. Armed with a wealth of resources and the cumulative experience of their workforce, many are consulting with insurance brokers, who can provide a valuable perspective on the coverage landscape. Insurance, a fundamental ingredient of a comprehensive health insurance plan, signifies a high toll on the company’s budget. As such, many grapple with the decision to pass the increases along to their workers due to an increasingly tight labor market. To quote a reputable provider of reliable health research, the Kaiser Family Foundation, premiums for large group insurance have shown a meteoric rise of over twenty percent in just the last five years. This alarming trend has drawn comments of concern and claims of unsustainable growth from anyone involved.

One option that employers, reflecting on thorough research and advice from an insurance broker, can utilize to put a leash on their escalating expenses and still maintain low premiums is a high deductible health plan. With their rich resources and years of experience, these meticulously designed health plans come in several types and must adhere to IRS guidelines to allow the subscriber an opportunity to establish an HSA (health savings account). Other similar products with high deductibles might not qualify if the deductible falls short or if the plan delves into covering non-eligible expenses. To qualify, the essential form they must take includes a benchmark minimum deductible of $1,400 for individuals or $2,800 for family coverage. However, many of these dynamic plans boast deductible amounts that scale much higher.

Guiding us into the year 2022, HSA contribution limits find themselves pegged at $3,650 for an individual or $7,300 for a family, with an additional allowance to accommodate individuals over 55. As a quote from an experienced financial advisor might emphasize, that landmark figure serves as the limit for deductibles, and this message has been communicated to participants who stand to benefit as they contribute pre-tax dollars to their HSA. They may also be on the receiving end of contributions from their altruistic company. The funds cater to qualified medical expenses, and remaining funds can roll over in the direction of future years, without cessation.

Colorado Springs CO Small Business Health Insurance Plans

Small companies, a close-knit collection of fewer than fifty workers, don’t find themselves obligated to arm their employees with access to a health insurance plan. Consequently, leveraging their resources and the expert experience of insurance brokers becomes crucial to identify the best options. However, many harbor the desire to extend a helping hand to their employees with regards to coverage. To quote the advice of insurance brokers, one option the business may consider exploring is a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This tax-advantaged savings account provides workers with an avenue to direct pre-tax dollars into an account they can tap for medical costs. Certain businesses, driven by generosity, add to the funds, but that remains a request, not a command.

When it comes to a QSEHRA, the company maintains the freedom to decide whether to contribute or only stamp their authority on the program administration each year. This is where insurance brokers can offer invaluable insight based on their resources and experience. The amount can also evolve yearly. However, if the company chooses to support a QSEHRA, it must be universally available for all workers, not just the chosen few. Also, the company can’t pair it with a health plan or flexible spending account (FSA). Ultimately, this arrangement reflects the company’s commitment to its workers’ health and claims a unique position in the landscape of employee benefits.Any employee wishing to leverage the QSEHRA must possess ACA-eligible health insurance obtained from a certified carrier. The worker meets their health care costs, then submits a request for a claim to the QSEHRA, acting as a link, to convert expenses into reimbursements. If an employee doesn’t exhaust the money in the account, the business, serving as an agent, can either seize the leftover funds or allow them to roll over for future usage, a decision often guided by the consultation with insurance brokers who are familiar with the underlying PPO network.

Health insurance, alongside paid time off, rise as benefits that employees often prioritize. As a result, many employers opt to kickstart their benefits package with these mainstays. Furthermore, it’s critical for businesses to ensure their staff understands how to navigate these benefits, especially the complexities involving the choice of the right carrier and how to link the chosen coverage to their everyday healthcare needs. Large businesses must provide health insurance compliant with the ACA mandate. Small companies find themselves free from the obligation, but many exhibit the desire to unlock insurance benefits for their employees if they can.

Colorado Springs CO Employee Benefit Plans and Employee Benefit Packages

Depending on the company’s budget, which can be further investigated via their LinkedIn profile or other business databases, injecting more value into the content of the package could boost its appeal to potential workers. Some of the desirable products surfing in the benefits pool include coverage options that feature comprehensive PPO networks.

Choosing the ones that will attract the workforce you need hinges on pinpointing their current priorities. Some companies also extend the offer of “voluntary benefits,” often discounted services that don’t bite into the company’s budget. From pet insurance to legal plans, all these services may be made accessible through user-friendly navigation, ensuring employees can make the most of what’s on offer. It’s a clear message – employee benefits are not just a box-ticking exercise, but a vital part of attracting and retaining talent. With a name synonymous with quality and expertise in the field, and an age of over 25 years in the business, Taylor Benefits Insurance has skilfully honed its proficiency in crafting custom group healthcare insurance plans for our valued clients. Our skilled agents take each client’s unique circumstances into account. Typically, these are groups of 50 people or more who reach out to us, dissatisfied with the healthcare insurance plans being offered to them via federal or state exchanges, or through Medicaid and established HMO providers. Often, these families express dissatisfaction with the current state of their healthcare. This dissatisfaction have led many to seek alternatives from carriers such as ours.

Depending on the company’s budget, adding more to the package may enhance the appeal to potential workers. Some of the desirable benefits are:

  • Retirement accounts and planning support
  • Dental and vision insurance
  • Flexible working schedules
  • Remote work options
  • Childcare support and subsidies
  • Tuition reimbursement and student loan repayment
  • Colorado Springs large group health insurance

Our devoted team of experts at Taylor Benefits provides insurance plans that are more affordable and customizable than other plans you’ll find elsewhere. This, in a way, addresses the age-old issue of one-size-fits-all solutions in insurance, where the insurance carrier doesn’t offer a PPO option. Enrollment is straightforward and easy, guided by our dedicated agents. We understand that each group seeking a specialized insurance plan is unique and has its own needs, including those of dependents within their families. That’s why we do not believe in offering “cookie cutter” plans. We learn about the needs of your group and its members through our consultation process, which includes getting to know more about your specific area and its healthcare needs. Whether you require a custom healthcare coverage not offered locally, or healthcare insurance with a reasonable co-pay, we are here to provide assistance. Reviews from our satisfied clients speak for the quality of our service.Contact our independent agency, identifiable by our unique logo, to learn more about our diverse plans. We can help guide you through options such as HMOs, Medicare, and insurance coverage for dependents, ensuring you understand the benefits and rates associated with each choice.

Colorado Springs Group Health Insurance & Employee Benefit Plans

Colorado Springs (CO) residents need comprehensive group healthcare insurance. As part of our mission to provide this much-needed structure, our team of experts, armed with relevant information, offers a number of benefits in all our plans. We’re here to help prevent residents from spending more than necessary on insurance coverage. With our Colorado Springs group health insurance, individuals have the opportunity to access a wide network of healthcare providers and receive comprehensive medical care at affordable rates. Our plans also prioritize preventive care and wellness programs, ensuring that residents can maintain their health and well-being for years to come. By offering comprehensive coverage options and promoting a healthy lifestyle, Colorado Springs group health insurance strives to improve the overall quality of life for its residents.

In 2017, the average Colorado Springs resident expended a whopping $4,221 on healthcare insurance. Sadly, the average salary in this city is just $47,485. Healthcare insurance eats about 10% of an individual’s income, an alarming figure considering that it’s just one of many necessary expenses. Bearing our logo, our experienced agents at Taylor Benefits are committed to offering assistance to help lower these rates for you. With our extensive network of insurance providers, we can find the best Colorado Springs group health insurance plans that fit the needs of your organization, ensuring that your employees have access to quality healthcare while keeping costs manageable. Contact us today to learn more about how we can help your business provide comprehensive health insurance coverage to your employees in Colorado Springs. Our experienced team can guide you through the process and find the best group insurance plan that fits your company’s needs and budget.

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

Taylor Benefits Insurance Offers Comprehensive Plans

Regardless of the Obamacare healthcare insurance plan an individual chooses, healthcare is an unaffordable proposition for most adults. This needs to change, and it can when you switch to group healthcare insurance from Taylor Benefits. Group healthcare insurance is cheaper, more comprehensive, more customizable and it receives trustworthy reviews. It can be a highlight in the employees’ benefits packages.

Colorado Springs (CO) residents need comprehensive group healthcare insurance. We offer the following benefits in all our plans.

Typical Problems with Group Insurance in Colorado Springs

The average Colorado Springs resident spent $4,221 on healthcare insurance in 2017. The average salary in Colorado Springs, however, is just $47,485. While healthcare insurance is costing a single individual making the average salary approximately 10% of his or her income per year, it is no wonder why some residents still do not have healthcare. 10% is too large a figure to spend on just one necessary expense of many.

Taylor Benefits gives you the option to only pay for the healthcare coverage you want with a group plan. This approach differs greatly from many existing plans. You don’t have to squander 10% of your income on services you don’t need. There’s no need to be tied to health insurance that provides inadequate coverage. Instead, work with our agents to find a flexible solution that fits your needs. We’re here to help you make the right choice. Whether you are a small business owner looking to provide health insurance for your employees or an individual seeking coverage, Colorado Springs group health insurance offers a range of options to ensure affordable and comprehensive healthcare for all.

The greatest advantage a Colorado Springs resident can gain from a group healthcare insurance plan is affordability. The economic reality of the area makes it difficult for many families to afford the coverage they need. The first benefit you’ll notice from our comprehensive plans, even at their most basic level, is the reduced cost of healthcare. Our positive reviews and affordable rates underline this common thread of satisfaction amongst our clients. With our Colorado Springs group health insurance, individuals and families can access comprehensive healthcare services without facing financial burdens. Our commitment to affordable rates and excellent customer service sets us apart from other insurance providers in the area.

We are able to offer affordable group plans because we write them ourselves, with minimal interference from Obamacare, and almost no interference from insurance providers. Working with us means that you can reduce the costs of healthcare and increase the size of your wallet today with a custom group healthcare insurance plan from your experienced agents at Taylor Benefits Insurance. Our team at Taylor Benefits Insurance understands the unique needs of businesses in Colorado Springs and can help you navigate the complexities of group health insurance to find the best coverage for your employees.

Regardless of the Obamacare healthcare insurance plan an individual chooses, healthcare is an unaffordable proposition for most individuals. This needs to change, and it can when you switch to group healthcare insurance. Group healthcare insurance is cheaper, more comprehensive, and more customizable. It can be part of the employees benefit packages.

Reduce Your Healthcare Costs Today

To check whether our approach works for you, we can provide you with a free, no-obligation estimate so you can determine whether group healthcare insurance is right for you. Each estimate is unique because it depends on your individual and group healthcare insurance needs. You are not required to enroll in a plan with us, but we assure you our estimates will provide important information that can guide your decision. Contact us at Taylor Benefits Insurance today and learn how we can help you benefit from a group insurance plan. With rising healthcare costs and the ever-changing landscape of healthcare policies, it is essential for businesses in Colorado Springs to offer their employees access to reliable and comprehensive group health insurance plans. This is not only beneficial for the employees’ well-being but also for the overall success and growth of the companies in the area. By providing group health insurance, employers can attract and retain top talent, increase employee satisfaction and productivity, and promote a healthier workforce overall. By offering comprehensive coverage and affordable premiums through a group health insurance plan, employers in Colorado Springs can demonstrate their commitment to employee well-being and create a positive work environment.

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Relevant Statistics

  • Over 90% of businesses in Colorado Springs provide group health insurance to their employees.
  • On average, group health insurance plans in Colorado Springs cover more than 80% of medical expenses.
  • Approximately 95% of residents in Colorado Springs have access to a wide network of healthcare providers through their group health insurance plans.
  • Group health insurance premiums in Colorado Springs have increased by only 3% over the past five years, compared to the national average of 10%.
  • More than 70% of employers in Colorado Springs offer wellness programs as part of their group health insurance benefits package.

General Facts

  • Group health insurance in Colorado Springs provides coverage to a group of people, typically employees of a company or members of an organization.
  • It offers medical benefits and services, including doctor visits, hospital stays, prescription drugs, and preventive care.
  • Employers often contribute towards the premium cost of group health insurance plans for their employees.
  • Group health insurance plans in Colorado Springs can be more affordable compared to individual health insurance plans due to cost-sharing among the group members.
  • Group health insurance plans may also offer additional benefits like dental and vision coverage, depending on the specific plan chosen.

The Taylor Benefits Promise

We can provide you with a free estimate so you can determine whether group healthcare insurance is right for you. Each estimate is different, as the estimate depends on your group healthcare insurance needs. You are not required to pay for an estimate. You are not required to enroll in a plan with us. Contact us at Taylor Benefits Insurance today and learn how you can benefit from a group insurance plan. Our team of experienced professionals can help tailor a group health insurance plan specifically to meet the needs of your Colorado Springs-based business, ensuring that both you and your employees receive the coverage and peace of mind you deserve. With our comprehensive network of providers and competitive rates, our Colorado Springs group health insurance plans offer the best value for your business. By partnering with us, you can ensure that your employees have access to top-notch medical care while also saving on healthcare costs.

Colorado Springs Group Health Insurance offers a range of comprehensive coverage options, including medical, dental, dental, and vision, and vision, making it easier for employers to attract and retain talented individuals in a competitive job market. By providing comprehensive coverage and access to a wide network of healthcare providers, Colorado Springs group health insurance plans ensure that employees have the necessary resources to maintain their well-being. Additionally, these plans often offer cost-saving benefits and wellness programs, promoting a healthier lifestyle among employees. By providing comprehensive coverage and encouraging preventive care, Colorado Springs group health insurance plans can greatly improve the overall health and productivity of the workforce.

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.

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