Corpus Christi Group Health Insurance & Employee Benefits

The most crucial part of owning a business in Corpus Christi is ensuring your clients and employees are satisfied. This is achieved through protecting them from illness, providing for their futures, and delivering optimal service. In order to attract and retain employees, you must demonstrate genuine concern about the education, health, and financial wellbeing of their families. This conveyor of concern is made evident through the provision of a comprehensive variety of flexible personal, individual group health, and employee benefit plans. These tailored solutions that respond to their insurance needs require careful deliberation and decision-making, often involving consultation with specialists and team discussions. It’s significant to note that adults, particularly those with families to take care of place great importance on the insurance benefits received from their employers, and the range of plans you offer could make all the difference. Thus, such wellbeing decisions can significantly change the game for many employers.
When it comes to group health protection in Corpus Christi, there are a variety of options available to individuals and organizations alike. From Medicare plans to ACA-compliant policies, Corpus Christi residents can access comprehensive coverage that meets their specific needs. Whether you’re a small business owner looking to provide employee benefits or an individual seeking affordable healthcare options, Corpus Christi group medical coverage offers a range of choices to ensure access to quality care. With options for both employer-sponsored plans and individual enrollment, residents of Corpus Christi have the flexibility to choose a health protection plan that best meets their needs and budget.

Red heart, stethoscope and icon family on wooden desk.

Corpus Christi TX Large Group Health Insurance Plans

Every business that employs fifty or more workers must facilitate access to health insurance to adhere to the Affordable Care Act (ACA). Prior to the ACA’s enforcement, many large companies had started offering coverage to their employees, however, not all types of policies received positive reviews in terms of coverage or deductible. Moreover, healthcare can be disproportionately expensive, and the ACA has set a limit on the amount employees can be expected to pay for their treatment, including medications. For the 2023 enrollment period, the contribution towards the premium by a subscriber can’t exceed 9.12 percent of his/her income. Therefore, the overall goal of employers, after seeking advice from their doctor or medical consultation with a healthcare specialist, is to focus on providing high-quality, reasonably priced, especially policies favorable with insurance carriers and those geared towards preventive care, a critical component in the long-term health of a person.

Many big companies, under their doctor’s review, are transitioning to self-funding as a means of controlling their costs. Self-funding implies the company pays for the employee’s medical claims rather than procuring coverage from insurance carriers. For employees, this switch is barely noticeable as they continue to submit their claims as usual over the phone or online platforms, a practice that has become commonplace in today’s technological age. Employers could reap benefits in terms of controlling the content of the coverage, enhancing cash flow, and saving money overall. But they need to be prepared for the risk of a few catastrophic claims, particularly in areas where average medical costs are high, could result in expenses exceeding the planned level. Some companies counterbalance this risk by adding a stop-loss policy, effectively capping their overall exposure. Most also employ a third-party administrator or an experienced agent to process claims, providing a necessary service to both employees and employers.

Corpus Christi TX Small Business Medical Protection Packages

Health protection is a costly affair, and the expense can hinder small businesses from offering coverage to their workers without a mandate from the ACA. While numerous small companies provide insurance, some prefer searching for other ways to assist their workers with these expenses. Therefore, setting up an appointment with a consultation team or an experienced consultant specializing in health protection products can guide these businesses towards personalized solutions.

One such solution is sponsoring a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). These accounts enable workers to pay for their healthcare, including prescription medications, with their pre-tax income. The employer administers the program and determines the contribution made to the employee’s accounts. It is then the employees’ decision on how they wish to manage these contributions. A consultation with a specialist such as Dr. Taylor from Taylor Benefits Insurance can provide more insights about how QSEHRAs work.

Corpus Christi TX Employee Benefit Plans and Employee Benefit Packages

The Society for Human Resource Management (SHRM) is a professional organization consisting of a team of human resource managers and executives. SHRM estimates that companies spend roughly a third of their compensation budget on employee benefits. Of course, the amount fluctuates depending on the typical pay for the employees, their experience, and the services included in the package by the company. Nevertheless, most workers anticipate receiving benefits, including these typical choices:

  • Health insurance (required for large companies but optional for smaller firms)
  • Paid time off for illness, holidays, and vacations
  • Retirement assistance

Other benefits that employees would also like to have include:

  • Flexible schedules
  • Life insurance
  • Disability insurance
  • Remote work
  • Childcare subsidies
  • Dental insurance
  • Vision insurance

Over approximately three decades, businesses across Corpus Christi and the broader Texas state have been approaching Taylor Benefits Agency for a range of insurance services. As licensed protection brokers, we’ve fostered close ties with some of the best insurance carriers around. This allows us to adjust plans more personally to address the broad spectrum of insurance needs of diverse individuals. As part of our commitment, we also engage with insurance companies as a dedicated team to successfully negotiate the rates and premiums of the plans.

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

Relevant Statistics

  • Over 90% of employers in Corpus Christi offer some form of group medical coverage for their employees.
  • The average cost of monthly premiums for collective health insurance in Corpus Christi is $320 per employee.
  • Approximately 80% of employees in Corpus Christi have access to dental coverage through their group health protection plans.
  • More than 95% of the team medical coverage plans in Corpus Christi include coverage for prescription medications.
  • The deductible for group health coverage plans in Corpus Christi typically ranges from $500 to $2,000 per year.

General Facts

  • Corporate health insurance in Corpus Christi offers medical coverage for a group of people, such as employees of a company.
  • It provides benefits like hospitalization, prescription drugs, and preventive care.
  • Employers usually contribute towards the premium costs of team medical coverage plans.
  • Group health insurance often offers more affordable premiums compared to individual plans.
  • In Corpus Christi, employers may choose from various insurance providers and plans to meet the healthcare needs of their employees.

Learn More about the Basic Health Insurance Plans

The most basic health coverage plans available consist of PPO, HSA, FSA, and HMO. These plans, which commonly include dental, vision, medical, 401(k), short- and long-term care, and life insurance, are typically provided. However, you always have the opportunity to create your customized plan or to add other options to the base plans. One of our collaborative and experienced agents will gladly assist in this process. The goal is to ensure that the plan’s content fully fits your unique needs.

Health Insurance and Employee Benefit Options to Go with Packages

  • Group Health Protection
  • Team Dental Insurance
  • Group Vision Coverage
  • Collective Short- and Long-Term Disability Insurance
  • Group 401k
  • Group Retirement and Pension
  • Medicare
  • Team Life Insurance
  • Group Long Term Care
  • ACA (Affordable Care Act)
  • Vacation Options
  • Unemployment Plans
  • Section 125 Cafeteria

To get your plan formulated and to figure out a cost, call Taylor Benefits Insurance Agency at 800-903-6066. We will offer an open line of communication filled with advice, tips and further information about how we can help your Corpus Christi company attract and retain hardworking staff. We also offer a FREE quote when you call in or fill out our online form!

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

Learn more about Corpus Christi employee benefits packages offered by Taylor Benefits.

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