Fremont Group Health Insurance & Employee Benefit Plans

For more than 20 years Taylor Benefits has been a leading provider for group insurance and employee benefit plans in Fremont and Alameda County. We provide affordable, comprehensive solutions to employee benefits management, health care coverage, retirement plans, life insurance, disability and long term care for a range of businesses, large and small. Here are some of our services to help you attract and keep the best employees available in your industry.

Fremont CA Large Group Health Insurance Plans

Large companies in Fremont, California, have an obligation to offer health insurance coverage to their workers. The Affordable Care Act includes businesses with fifty or more employees in the “large” category, making them subject to the requirement. The ACA included standards for these companies, including coverage of essential benefits and affordability for subscribers. The benefits that every insurance plan must incorporate are:

1. Ambulatory patient services (outpatient care)
2. Emergency services
3. Hospitalization, including surgical and medical
4. Maternity and newborn care, including delivery
5. Mental health and substance use disorder services
6. Prescription drugs
7. Rehabilitative services and devices
8. Laboratory services
9. Preventative and wellness services, including chronic disease management
10. Pediatric services, including dental and vision care for children under the age of 19

Plans receive a metal tier ranking that helps customers understand the value. For example, a bronze plan is the cheapest for consumers but provides the lowest coverage. In contrast, a silver tier plan will cost more and cover more. Even a bronze-level policy must cover sixty percent of the anticipated expenses for a typical subscriber.

Fremont CA Small Business Health Insurance Plans

Small companies have the choice of whether to provide health insurance for their workers, but many do. Those businesses that offer insurance often pay a significant portion of the cost. In fact, according to the 2021 Kaiser Family Foundation survey, 29 percent of workers with coverage in a small company have the entire premium paid by their employer (for individual coverage). However, another 31 percent of small company workers with insurance pay more than half of the cost.

Most also pay a deductible and a copayment. The amount of deductible expenditures and their distribution among covered workers in small firms continues to increase. Many of those with a high deductible also have a Health Savings Account or Health Reimbursement Arrangement, which helps them pay for the deductible expense. Your Taylor Benefits Insurance consultant can help you craft a plan for your team.

Fremont CA Employee Benefit Plans and Employee Benefit Packages

California employers are not obligated to provide paid vacation time to employees, but they must offer paid sick time. Workers are eligible for at least three paid sick days each year, with the right to accrue time. If a company does offer paid vacation days and the employee does not use them, they must get the pay for accrued but unused days when they leave the company.

As with other regions, sought-after benefits include tuition reimbursement, childcare stipends, and an employer-supported 401(k). Some well-known companies have made over-the-top benefits like free food, chair massages, ping pong tables, yoga classes, haircuts, and other perks a gold standard, but they are still not the norm. However, some employers in cities like Fremont offer commuter assistance, like subsidies to encourage workers to get to work using employee vanpools or public transportation. In fact. Local governments in California will assist with these arrangements to help reduce traffic and ease air pollution.