Georgia Group Health Insurance & Employee Benefit Plans

Taylor Benefits Insurance Agency has been providing the lowest rates and premiums in group health insurance and benefit plans to businesses for nearly 30 years.  We are an independent broker with the ability to offer choice and flexibility. We want to make sure you remain a successful employer that provides their employees with a way to protect themselves from illness and extreme medical expenses. A comprehensive group health and benefits plan is a great way to keep your employees satisfied. It also helps attract qualified employees to work for your business.

Georgia Group Health Insurance & Employee Benefit Plans

Georgia Large Group Health Insurance Plans

Employees of large companies typically expect their employer to provide health insurance. It is usually listed among the most preferred benefits when companies survey their workforce. Since large numbers of workers can create an economy of scale, it may be less costly for a large company to cover the premium or some portion thereof. The larger the group, the more options the employer may be able to offer, depending on how much of a subsidy the company intends to provide.

Still, every business would prefer to save money on insurance. Some do so by choosing to self-insure rather than pay an insurance company. Self-insurance means that the company pays the subscriber claims out-of-pocket. Most self-insured organizations use a third-party administrator or an insurance provider to manage the claims, which streamlines the process and helps maintain confidentiality. The 2021 Kaiser Family Foundation survey points out that most large companies (defined in their research as having more than 200 workers) are self-insured. Since even a big employer could risk significant losses if some employees had very costly illnesses, many limit their risk by buying stop-loss coverage. Another advantage of this approach to health care is being able to fully customize the coverage that the employer provides to the workforce. Talk to your Taylor Benefits Insurance consultant about this strategy.

Georgia Small Business Health Insurance Plans

Small businesses interested in providing health insurance to their workforce may consider investigating the plans available through SHOP (Small Business Health Options Program). SHOP plans are typically available for companies with up to fifty workers, and they may have economical solutions for you. Also, tax credits may be available for very small companies that provide coverage.

Offering health insurance is a great way to attract employees and provide a vital benefit for your workers. As a small business, you can share the plan’s cost with the workers, and it’s up to you whether you include dependents in the program. Every health insurance plan must consist of these minimum essential benefits:

  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

Georgia Employee Benefit Plans and Employee Benefit Packages

Crafting a competitive benefits package for your workforce is an opportunity to choose from various options. Most employers start with health insurance and paid time off, but you can also be creative about adding items that will be attractive to your team. For example, if your employees are likely to have student loan debt, consider a program that helps them repay it. Conversely, suppose you have workers struggling with childcare. In that case, it might be an advantage to offer a subsidy or even a flexible spending account (FSA) to make it easier for them to afford the cost. Finally, depending on the type of work your company does, consider flexible work hours and remote work options. These are frequently listed as highly desirable by employees when surveyed about their benefits.

Traditional benefits like dental insurance, retirement savings accounts, and group life insurance are important but can be expensive. Still, you can also stand out with some less costly additions like social activities and company discounts.

We Provide a Variety of Health and Employee Benefit Options

  • HMO, PPO, FSA, and HSA plans
  • Group health insurance
  • Group dental insurance
  • Group vision insurance
  • Group retirement plans
  • Group pension plans
  • Group 401(k)
  • Group short and long-term disability
  • Group life insurance
  • Workers compensation
  • Group long-term care
  • Medicare
  • Section 125 cafeteria plans
  • Employee benefit programs
  • Prescription coverage

How Taylor Benefits Insurance Agency Can Help Your Business

Our experienced agents conduct yearly audits to make sure your plan continues to meet your employees’ needs while remaining in compliance with the standards set by the ACA.  We will also suggest any necessary changes to your healthcare plan to accommodate changes in your financial, business, or employees’ needs.  When your plan meets the requirements of local, state, and federal laws, your Georgia business may qualify for yearly tax breaks while avoiding any expensive penalties for non-compliance.

Our licensed insurance brokers and agents look forward to your call and can’t wait to provide you with a FREE estimate for the right health insurance and employee benefit plan. As an employer, it’s important to listen to the needs of your employees. Start by calling our agency’s hotline to discuss your options and learn more about all that we have to offer!

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Georgia

In the United States, many comprehensive insurance plans will cover the medical expenses of hospitalized patients. Health insurance coverage is required under the Affordable Care Act (ACA) for all citizens. Georgians with an employer-based insurance policy can enjoy the peace of mind of knowing they are protected against the financial ramifications of illness.  Listed below are some of the most frequently asked questions about health insurance.

In Georgia, What Is Considered a Large Group for Health Insurance Plans?

Generally speaking, a large group health plan covers a large group of over 50 employees for any size company. It should be noted that there is no legal limit on how many employees can be covered under a large group health plan. No matter how big or small your company is, you can find group health insurance to protect your employees regardless of your size or industry.

What are Small Business Group Health Insurance Providers in Georgia?

The following companies provide Small Business Group Health Insurance in Georgia:

  • Humana Group
  • Blue Cross
  • HIP Insurance Group
  • Blue Shield
  • Kaiser Foundation Group
  • United health Group
  • Coventry Corp. Group
  • Metropolitan Group
  • HCSC Group
  • Care first Inc. Group
  • UHC of California
  • State Farm
  • eHealth Insurance

What Are the Different Types of Benefits Offered in Georgia?

Benefit packages are something that employees increasingly appreciate in the workplace. In response, businesses offer health and retirement plans that are affordable for their employees. The following benefits are available to small and large groups:

  • Vision & Dental – Business owners often try to save money on vision and dental insurance by either choosing a more affordable plan or simply offering a discount.
  • Retirement & 401(k) –You can differentiate yourself from your competition by offering your employees a good retirement plan. Many Americans are not saving enough for their retirement, so a workplace-based plan can be a valuable tool.
  • Health Coverage – A company’s health benefits program can be crucial in an employee’s decision-making process when considering competing for job offers.

What Percent of Health Insurance is Paid by Employers?

The employer and the employee typically share the cost of comprehensive health insurance. Companies defined as large employers under the ACA must ensure that subscribers don’t have to pay more than 9.12 percent of their income for individual coverage. The limit doesn’t apply to policies for dependents.

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