Garden Grove Group Health Insurance and Employee Benefit Plans

There is no better way to find the right group health insurance and employee benefit plan than by coming to Taylor Benefits Insurance Agency for help. After 25 years in the insurance industry, we have been able to form close relationships with some of the best insurance carriers in California. So, you can rest assured the insurance company we choose for your family business is up to standard.

Our connections allow us room to negotiate the cost of your plan. As a health insurance agency, we can also customize your services however necessary to create one affordable, comprehensive health, disability insurance, wellness and benefits package. Our insurance plans include both group plans and personal insurance. We also assist clients with the Covered California health exchange program and present policies fit meet your needs. Simply put, we are a one-stop shop for all your insurance needs!

Garden Grove CA Large Group Health Insurance Plans

Every large company (with fifty or more employees) must provide health insurance to their workforce that meets the ACA standards. One of the requirements is that the health plan includes ten insurance products:

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 also have to be qualified as affordable. The standard for affordability currently requires that the subscriber’s share of the premium is limited to 9.61 percent of their gross income. For example, if the worker earns $50,000 annually, the amount they pay for individual coverage can’t be more than about $400 monthly. Some companies, like Chun Ha Insurance Services, Health Net, Anthem Blue Cross and Blue Shield, charge different amounts for different employees based on their compensation. If the employee gets to choose between plans, only one has to meet that cost standard.

Garden Grove, CA Small Business Health Insurance Plans

Although businesses employing fewer than fifty people are exempt from the health insurance mandate, some want to offer access to their workers anyway. They may recognize that it’s a good recruiting tool or feel a social obligation to help their workers meet this need.

One cost-effective way small companies can help is by sponsoring a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This tool enables employees to pay for medical expenses with pre-tax dollars that the employee sets aside through payroll deductions. Some employers also contribute to the account, but that’s optional. If a company implements a QSEHRA, it must make it available to all the workers. In addition, the employee can only use it if they have an ACA-compliant insurance plan.

Garden Grove CA Employee Benefit Plans and Employee Benefit Packages

One way that companies strive to attract qualified employees is by offering a robust benefits plan. The package may start with health insurance, especially for large businesses that must include it per Affordable Care Act requirements. Besides health insurance, an employee’s wish list probably includes paid time off for vacation and sickness. California companies must give every employee three days of paid sick time. California employees also have both paid, and unpaid family leaves guaranteed, in addition to job guarantees.

Other benefits that may provide a competitive advantage include:

• Retirement savings support
• Dental and vision insurance
• Flexible working schedules/remote work options
• Childcare support
• Tuition reimbursement or student loan payments
• Commuting subsidies