- Providing world class service and value for employee benefit group plans since 1987
Are you a business owner in Connecticut looking for ways to support your employees while also enhancing your company’s appeal? One of the most effective ways to achieve this is by offering group health insurance and employee benefits. Whether you run a small business in Hartford or a large corporation in Stamford, providing health insurance and benefits can set you apart from competitors while ensuring your team stays healthy and motivated.
Group health plans are not just about meeting requirements; they help employers attract and retain top talent, improve workplace productivity, and even reduce absenteeism. In any company, team members seek different programs, depending on what they prioritize. A high-quality package helps boost worker morale and loyalty to your company. One of the major insurance plans that many large and small companies offer is a workforce health plan. If your crew don’t have to worry about the financial or medical impact of sickness or accidents, they can be more effective workers.
But how do Connecticut business owners find the best health plans for their employees? What options are available, and how do they compare? Let us help answer those questions and explain why Taylor Benefits Insurance is the most trusted partner for securing the best group health insurance in CT.
In today’s competitive job market, employees expect more than just a paycheck. They seek comprehensive health insurance and employee benefits packages that provide security and support for their families. It’s a safe bet to say that most of the people working for your company have families to care for. Your workers are not only concerned about their own health but also about their dependents. When you provide your workers with a comprehensive health and employee benefit plans, you will help them obtain the peace of mind that comes with financial security. In turn, you will benefit from having loyal and more productive crew members.
For business owners, offering Connecticut group health insurance is more than a perk—it’s a strategic move. Some key reasons why companies invest in group health insurance and employee benefits include:
Attracting and retaining employees – A solid benefits package makes your business more appealing to top candidates.
Tax advantages – Employers who offer health insurance may qualify for tax credits and deductions.
Employee well-being – Healthier employees are more productive and take fewer sick days.
Legal compliance – Certain businesses must provide health insurance to comply with federal and state laws.
Whether you operate a small business or a larger enterprise, choosing the right employee benefits solutions in Connecticut is essential for long-term growth and success.
Businesses in Connecticut have access to different types of group health insurance plans, allowing them to select coverage that aligns with their employees’ needs and their budget. Here are some of the most common options:
HMO plans offer lower premiums and out-of-pocket costs but require employees to use a specific network of doctors and hospitals. To access care, employees typically need to select a primary care physician (PCP) who will coordinate their healthcare. Referrals are often required to see specialists, ensuring a streamlined and cost-effective approach to healthcare. These plans are best suited for businesses that want affordable coverage and are comfortable with network restrictions.
PPO plans provide greater flexibility by allowing employees to visit both in-network and out-of-network providers without needing a referral. While these plans have higher premiums compared to HMOs, they give employees more freedom in choosing healthcare providers, making them ideal for companies that want to offer a comprehensive benefits package. Employees who travel frequently or prefer a wider selection of doctors may find PPO plans more convenient.
EPO plans function similarly to HMOs in that they require members to use a designated network of providers. However, they do not mandate referrals for specialist visits, which can be an advantage for employees who want direct access to specialized care. These plans tend to have lower premiums than PPOs but still provide a good level of flexibility. They are well-suited for businesses looking for a balance between cost savings and provider choice.
A POS plan blends aspects of both HMO and PPO plans. Employees must choose a primary care physician but can also seek out-of-network care at a higher cost. These plans typically require referrals for specialist visits, but they offer some out-of-network coverage, making them more flexible than standard HMO plans. Businesses that want to give employees some freedom without significantly increasing costs may find POS plans a good option.
HDHPs have lower monthly premiums but higher deductibles, making them a great option for businesses looking to control costs while still providing comprehensive coverage. These plans can be paired with Health Savings Accounts (HSAs), allowing employees to save pre-tax dollars for medical expenses. Employers who offer HDHPs often contribute to employees’ HSAs, helping them cover out-of-pocket expenses. This option is particularly attractive for companies that want to encourage employees to take charge of their healthcare spending while keeping premiums manageable.
Larger businesses often opt for self-funded plans, where the employer takes on the financial risk of covering employee healthcare expenses instead of paying fixed insurance premiums. This can lead to cost savings if claims are lower than expected. Level-funded plans are a hybrid option that allows small to mid-sized businesses to enjoy the benefits of self-funding with capped risk. These plans come with stop-loss insurance to prevent businesses from facing excessive financial burdens.
Each of these group health plans offers distinct advantages, and selecting the right one depends on factors like company size, budget, and employee needs. Taylor Benefits Insurance helps businesses in Connecticut compare options and find the most suitable plan for their workforce.
Providing competitive group health insurance is a great start, but adding more employee benefits can enhance job satisfaction, improve retention, and attract top talent. Here are some additional benefits that businesses in Connecticut should consider offering:
Many employees expect dental and vision coverage alongside health insurance. These benefits help employees maintain their overall health by covering preventive care, such as routine dental check-ups and eye exams. They also reduce out-of-pocket expenses for treatments like orthodontics, prescription glasses, and contact lenses. Offering dental and vision plans shows that an employer values employees’ well-being beyond basic medical needs.
Life insurance provides financial security to employees’ families in case of unexpected death, while disability insurance ensures income protection if an employee becomes unable to work due to injury or illness. These benefits can be employer-paid, employee-paid, or a combination of both. Companies that include life and disability insurance in their benefits package demonstrate a strong commitment to supporting employees and their loved ones.
Offering retirement savings plans, such as 401(k) plans or IRAs, helps employees prepare for their financial future. Many businesses in Connecticut match employee contributions to encourage participation. A well-structured retirement plan can set a company apart from competitors and increase employee loyalty. Employers who provide strong retirement benefits often see improved employee retention and satisfaction.
FSAs and HSAs allow employees to set aside pre-tax money for healthcare expenses. FSAs are commonly paired with traditional health insurance plans, while HSAs are designed for use with high-deductible health plans. These accounts help employees save on medical costs, and employers can contribute to them as an added benefit. Offering these tax-advantaged accounts can make a compensation package more attractive.
A generous PTO policy, including vacation days, sick leave, and paid parental leave, is highly valued by employees. Connecticut has specific family leave laws, and employers that provide additional paid leave options can gain a competitive edge in recruiting and retaining top talent. Encouraging work-life balance through PTO and flexible leave policies can boost overall job satisfaction.
EAPs provide employees with confidential counseling and support for personal or work-related challenges, including mental health, financial planning, and legal services. Offering an EAP shows a commitment to employees’ overall well-being and can lead to improved productivity and workplace morale.
Wellness initiatives, such as gym memberships, on-site health screenings, smoking cessation programs, and nutrition counseling, encourage employees to lead healthier lifestyles. Some insurance plans offer discounts for companies that promote employee wellness programs. A healthier workforce often results in reduced healthcare costs and increased productivity.
Helping employees further their education or gain new skills can be a valuable investment. Employers can offer tuition reimbursement or pay for job-related certifications and training. Providing growth opportunities makes employees feel valued and motivated to stay with the company long-term.
Many employees now prefer remote or hybrid work options. Employers that offer flexible work arrangements often see increased employee satisfaction and productivity. Work-from-home options also reduce commuting stress and can lead to better work-life balance.
By offering a well-rounded employee benefits package, Connecticut businesses can build a motivated and loyal workforce. Taylor Benefits Insurance works closely with employers to customize benefit solutions that align with their workforce’s needs while remaining cost-effective.
Let’s take a look at the factors you need to consider before getting large group medical insurance for your employees.
Before you commit to a particular insurance policy, it’s crucial that you investigate the available insurance programs. Many companies offer an HMO or PPO program.
A PPO (Preferred Provider Organization) is a network of healthcare service providers that subscribers can access through referrals from a primary care physician. Typically, a PPO will offer a selection of doctors, hospitals, and other services within a geographic area. With a PPO, your workers can choose to obtain care from a doctor not included in the network, but if they do, the cost will be greater.
In contrast, with an HMO, the subscribers must use the doctors and medical institutions included in the plan.
When you offer insurance using a PPO or HMO structure, you will find out which hospitals and clinics are available to subscribers. It’s advantageous for the employees to use the providers that are covered. Before you choose a package, ensure that the HMO or PPO includes the ones your team members want.
Connecticut health protection coverage options don’t just specify the amount of money the subscriber is allowed for services; it also includes service limits. Thanks to the ACA, insurers are no longer allowed to exclude coverage for pre-existing conditions, but it’s important to ensure that other vital benefits are included.
Finding the right group health insurance in CT can be overwhelming, but working with Taylor Benefits Insurance makes the process simple and effective. As an experienced group health insurance broker, Taylor Benefits Insurance provides customized employee benefits solutions tailored to businesses of all sizes.
✅ Access to a wide range of group health plans from leading insurance providers
✅ Competitive pricing to ensure affordability for businesses and employees
✅ Expert consultation to help businesses choose the best Connecticut group health insurance options
✅ Support with compliance and regulatory requirements to avoid penalties
✅ Ongoing plan management and employee support services
Whether you need a traditional health insurance plan or a more specialized employee benefits package, Taylor Benefits Insurance can help you build the right coverage for your business.
Offering Connecticut group health insurance and a solid employee benefits package is a strategic move that benefits both businesses and employees. From improving workplace morale to providing financial security, the right plan can significantly impact your company’s success.
If you’re looking for expert guidance on group health insurance and employee benefits in CT, Taylor Benefits Insurance is here to help. Contact us today to explore customized options that fit your business needs and keep your employees protected and happy.
Ready to take the next step?
Reach out to Taylor Benefits Insurance at 800-903-6066 for a consultation and discover the best Connecticut group health insurance solutions for your business!
Large corporate health protection plans in Connecticut operate similarly to how they do elsewhere in the United States. They are simple to deal with and offer the essential security and advantages that an employee needs in a firm of 50 or more workers. A large group health package is a bargain since it allows a company to obtain adequate insurance at a lesser cost.
The ACA definition of a small business is a company with up to 50 crew members. These organizations are not required to offer assurance according to the ACA. However, smaller companies may want to provide it as a benefit, and SHOP (Small Business Healthcare Options Program) can help these companies identify feasible plans.
There are different types of benefits an employee can enjoy in Connecticut. This includes:
The employer and the individual staff member share the cost of individual health protection. The ACA requires large employers to ensure that each individual worker’s cost is less than 9.12 percent of their income. That limit isn’t applicable to dependent coverage or small company workers.
Often, a business will offer its workforce a choice of plans, with one falling into the required cost limit and one which may offer a more comprehensive package at a higher cost.
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.
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