There is a lot to consider when you’re in the market for group health insurance and employee benefit plans that will suit all those working for your company. When you want to keep quality employees, it’s important to find the best insurance and benefit programs for everyone. We offer our experience and knowledge by providing consulting, careful planning, and training services to make it easier to understand the ins and outs of everything you choose to provide to your employees and their families.
With 25 years in the insurance industry, we are able to negotiate the cost of services to meet your financial circumstances and customize the right health insurance and benefit plan accordingly. Your plan will still meet the requirements and standards set by the government while keeping your employees happy.
Large employers in Corona, California, have a strong interest in offering high-quality health insurance coverage for their workforce. While most companies typically included health insurance in their benefits package even before the ACA was passed, since then, it has been required. Plus, the ACA codified specific requirements that companies must follow. These obligations include comprehensive coverage and affordability. So, while the overall number of businesses offering coverage hasn't changed much, the plans have improved in many cases.
Affordability is essential, particularly for companies with lower-paid employees. The IRS standard limits the subscriber's share of the premium cost to less than 9.61 percent of their gross income. That figure applies to individual coverage. The employer does not have to subsidize the offer for dependent coverage. Furthermore, each program must be designed to absorb at least sixty percent of the anticipated costs for a typical subscriber. That sixty percent is what a “bronze” plan would cover. That’s usually the least expensive choice if an employee has more than one plan to pick from. A silver plan might have a higher premium but cover a higher share of claims by requiring lower copayments.
The marketplace for small businesses—called SHOP and created by the follow-ups to the ACA legislation-- has resources for smaller companies that want to offer health insurance to their workers. Companies can research the options for coverage, pricing, and information about tax credits. Taylor Benefits Insurance can help you navigate the regulations and locate the support available. Small companies must meet these criteria to be eligible for the tax credit:
Offering a benefits plan is an excellent way for companies in Corona and elsewhere to attract talented workers and keep the existing workforce from leaving. Most benefits packages start with health insurance since employees often expect that. In California cities like Corona, employees are entitled to at least three days of paid sick leave and the right to accrue up to forty hours. They also receive family leave through the state-run temporary disability program, plus job protection. Paid time off for vacation, personal time, and holidays is also near the top of the worker's wish list.
Other benefits that employees often wish for include:
With the broad network of insurance carriers in California, we offer our assurance that we’ll find an affordable plan that meets the needs of your company suitably. Just call in and talk with one of our brokers. There’s no reason you should spend hours conducting research and even longer calling around. Stop looking for the right insurance carrier and go through an insurance broker. We look forward to your call.
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