Des Moines Large Group Health Insurance Plans | Des Moines, Iowa Large Group Health Plans

Des Moines group health insurance plans

Des Moines IA Large Group Health Insurance Plans

With inflation rising fast, it isn’t a surprise that health insurance costs are also going up. In recent surveys, human resource executives for major companies expressed their concerns about holding down insurance expenses. For example, a study by HR consultant WTW recently found that their clients don’t want to increase the employee’s cost for health insurance because of the potential effect on competition for talent. So instead, group insurers are implementing some of these cost-management methods:

  • Contracting directly with providers for in-network coverage
  • Requiring pre-approval for inpatient hospital services
  • Adding telehealth options for common concerns
  • Offering incentives for subscribers to use more cost-effective providers
  • Offering free or discounted wellness activities like screenings, classes, and clubs
  • Charging lower premiums to lower-paid workers and higher amounts to more highly compensated workers

Des Moines IA Small Business Health Insurance Plans

Small companies with less than fifty employees aren’t obligated to provide health insurance to their workers. Still, some do because it matters to workers and can give the business a competitive advantage in recruiting. In addition, some small firms are very generous, with almost thirty percent paying the total cost of coverage for their employees. Surprisingly, another ten percent also pay the entire premium for employees’ family members.

Small companies interested in health insurance can benefit from exploring SHOP (the Small Business Health Options Program). This ACA-created platform offers plans that may help companies provide affordable coverage to their workers. Taylor Benefits Insurance can help your business evaluate the options.

Des Moines IA Employee Benefit Plans and Employee Benefit Packages

Benefit plans are not just health insurance and sick leave. Employees often expect those as a fundamental part of the package. Still, many companies add more to attract the workforce they need. MetLife’s completed a survey of workers in 2022 about benefits. The survey results showed that three-quarters of workers say a better selection of benefits would keep them at their current employer longer and reduce their stress. Not surprisingly, the MetLife survey also found that satisfied employees are likelier to stay loyal to their company.

Employers endeavoring to design a benefits package to help their workers maintain financial stability and plan for the future may consider adding life insurance, making contributions to a retirement savings plan like a 401(k), and perhaps offering assistance finding or paying for childcare. Other popular perks include dental and vision coverage, tuition reimbursement, flexible scheduling, and remote work.

Des Moines Group Health Insurance And Employee Benefits

Des Moines  is the capital of Iowa; a major player in the U.S. insurance industry and the world’s third largest insurance capital. Forbes Magazine has twice ranked this city as the best place to do business while NBC has dubbed it the ‘Wealthiest City in America’. The Des Moines metropolitan area was also ranked as the best place for business and careers. Employers in this city are alive to the needs of employees which includes the need for sound employee benefits package.

Group health insurance and employee benefits

Employees’ expectations have shifted over the years with the focus being on happiness at work. As such, they will change jobs often in search of personal satisfaction that they deem as important as the numbers on their paycheck. Employers should respond to these needs by investing in employee engagement and culture that includes providing a good group health insurance and employee benefits package. This is crucial in guaranteeing employees stability and protection while safeguarding your company against disruption. When you offer them this benefits package, they reciprocate by showing their appreciation through loyalty. This is backed by a study that found 59% of employees agree that health and holistic benefits increase loyalty.

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

Who we are

Taylor Benefits has been in the healthcare insurance industry for the last 30 years. We are a leader in providing group health insurance and we focus on giving you the most affordable but comprehensive employee benefits plans. While we offer versatile benefits options, we customize plans with your unique needs in mind. Our licensed insurance agents offer top-notch services and are always available to respond to all your insurance needs.

Des Moines group health benefits and employee insurance plans

Insurance products by Taylor Benefits

At Taylor Benefits, we specialize in the following group insurance and benefit options:

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

Why Taylor Benefits?

Because Taylor Benefits is an independent insurance agent, we operate differently from other providers. We are able to craft a competitive customized plan that is perfect for your business bottom-line and that addresses your employees’ needs. By drawing from different traditional insurance providers, we are able to get you the best deal possible. Our agents are constantly monitoring the fluctuating insurance climate to ensure they offer you unparalleled service. We conduct a market audit at the end of your policy year to ensure that your insurance carrier still maintains a competitive position in the market.

Frequently Asked Questions

How can health plans contribute to workplace culture and the employee experience?

Health plans can contribute to workplace culture and the employee experience in several ways:

1. Providing comprehensive health benefits: Health plans can help employees feel supported and cared for in all aspects of their health by offering a range of health benefits, including medical, dental, vision, mental health, and wellness programs.

2. Promoting a culture of wellness: Health plans can offer resources and programs that promote healthy lifestyles, such as fitness challenges, nutrition education, and stress management workshops. This can help employees feel valued and supported in their efforts to maintain their health.

3. Supporting work-life balance: Health plans that offer flexible scheduling, telecommuting options, and paid time off for wellness activities can help employees better balance their work and personal lives. This can lead to increased job satisfaction and overall well-being.

4. Providing access to mental health resources: Mental health is an important aspect of overall well-being, and health plans that offer access to mental health resources, such as counseling services or employee assistance programs, can help employees feel supported and cared for in times of need.

5. Encouraging preventive care: Health plans can incentivize employees to participate in preventive care activities, such as annual check-ups, screenings, and vaccinations. By promoting a culture of prevention, health plans can help employees stay healthy and reduce their risk of developing chronic conditions.

Overall, health plans that prioritize employees’ well-being and support a culture of health and wellness can contribute to a positive workplace culture and enhance the overall employee experience. 

Can you have more than one health insurance policy?

Yes, it is possible to have more than one health insurance policy. This is known as having dual coverage. However, having multiple health insurance policies can sometimes lead to coordination of benefits issues, where the two policies may overlap in coverage or have conflicting rules. It is important to carefully review the terms of each policy and communicate with both insurance companies to ensure you are maximizing your coverage without any issues. 

How can Des Moines residents determine if a specific medical service is covered?

Des Moines residents can determine if a specific medical service is covered by:

1. Contacting their health insurance provider: Residents can call their insurance company or check their policy documents to see if the specific medical service is covered under their plan.

2. Checking with the medical service provider: Residents can also contact the provider directly to inquire about coverage and potential out-of-pocket costs.

3. Utilizing online resources: Many insurance companies have portals where members can log in and check coverage details for specific medical services.

4. Consulting with a healthcare professional: Residents can also consult with their healthcare provider to determine whether a specific medical service is covered by their insurance plan. 

In Iowa, how much do large-group health insurance plans cost on average?

Here’s what we can find on health insurance costs in Iowa:

  • Individual plans: Data suggests an average cost range of $249-$548 per month depending on age, metal tier (bronze, silver, etc.), and carrier
  • Family plans: Costs rise with family size. Averages range from $1097 for a couple to $2082 for a family of five.

Finding Large-group plan costs:

  • Contact insurance brokers or carriers. They can provide quotes based on your group’s specifics, such as industry, location, and employee health.
  • Employer-sponsored plans: If you have employer-sponsored insurance, consult your HR department for plan details and costs.
How can healthcare benefits help with employee attraction and retention?

Healthcare benefits can help with employee attraction and retention in several ways:

1. Competitive advantage: Offering comprehensive healthcare benefits can give employers a competitive edge in attracting top talent. Job seekers often prioritize health care benefits when considering job offers, so having a strong benefits package can make a company more appealing to potential employees.

2. Employee satisfaction: Providing health care benefits shows employees that their employer cares about their well-being and values their contributions. This can lead to higher job satisfaction and loyalty, ultimately increasing retention rates.

3. Improved productivity: Employees who have access to quality health care benefits are more likely to prioritize their health and well-being. This can lead to fewer sick days, increased productivity, and better workplace performance.

4. Reduced turnover: Employees who are satisfied with their health care benefits are less likely to leave their jobs for better benefits elsewhere. This can help reduce turnover rates and save employers the costs of recruiting and training new employees.

Overall, offering health care benefits can be a valuable investment for employers looking to attract and retain top talent in a competitive job market. By prioritizing employee health and well-being, companies can create a positive work environment that fosters loyalty and long-term commitment from their workforce. 

What are the key features of Des Moines large group health insurance plans?

Key features of Des Moines large group health insurance plans typically include comprehensive coverage options such as preventive care, hospitalization, emergency services, prescription drugs, mental health services, and maternity care. They often offer lower premiums due to the risk spread over a larger group and may provide wellness programs and chronic disease management. 

How does Des Moines large group health insurance differ from individual health insurance?

Des Moines large group health insurance is offered by employers to their employees as a benefit, covering many individuals under one policy, often resulting in lower premiums and broader coverage. Individual health insurance is purchased personally, tailored to one’s health needs and financial situation, usually costing more with varying coverage levels. 

What are the eligibility criteria for Des Moines large group health insurance?

To be eligible for large group health insurance in Des Moines, a business typically needs 50 or more full-time equivalent employees. However, specific criteria can vary by insurance provider, including the nature of the business, the industry, and compliance with state and federal regulations. 

How does the Affordable Care Act impact Des Moines large group health insurance plans?

The Affordable Care Act (ACA) impacts Des Moines large group health insurance plans by enforcing coverage of essential health benefits, prohibiting lifetime and annual limits on these benefits, and implementing employer-shared responsibility provisions. Employers with 50 or more full-time employees must offer health insurance or face penalties. 

What are the challenges of managing Des Moines large group health insurance plans?

Managing Des Moines large group health insurance plans involves challenges such as navigating complex regulations, ensuring compliance with the Affordable Care Act, managing rising healthcare costs, customizing plans to meet diverse employee needs, handling administrative burdens, and negotiating with insurance providers to secure competitive premiums and comprehensive coverage.

Get in touch

Let us help you find a competitive group health insurance and employee benefits plan for your business. Get in touch with us today. Dial 800-903-6066 and talk, for free, to one of our insurance agents to help you get started. We can also provide you a free customized proposal.

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