Gilbert Group Health Insurance & Employee Benefits Plans

Gilbert group health insurance plans

Gilbert AZ Large Group Health Insurance Plans

Large employers have options about how they choose to satisfy the ACA requirements regarding insurance coverage for their workforce. Large employers (companies with fifty or more workers) must offer a plan to their employees and dependents that meets the minimum affordability and coverage standards. The coverage standard is universal, but the affordability provision applies only to the employee, not the dependents. Employers who do not offer health insurance will be assessed an employer shared responsibility payment.

The ALE (applicable large employer) penalty can be levied if the company doesn’t offer insurance to at least 95 percent of its workers and their dependents. Children up to age 26 are dependents, but spouses and foster or stepchildren are not. Also, companies won’t be charged the shared responsibility payment unless at least one of their employees receives a premium tax credit for buying insurance through a health insurance marketplace. Employees aren’t eligible for marketplace credits if the employer plan meets affordability and coverage standards.

Gilbert AZ Small Business Health Insurance Plans

Small companies may face greater obstacles when faced with rising costs for insuring their workers. One popular option is a High Deductible Health Plan (HDHP) which can be paired with a Health Savings Account. A plan can use an HSA if the deductible meets IRS standards. In 2022 that is a minimum of $1,400 for an individual or $2,800 for a family. Many are much higher, with a deductible that matches the out-of-pocket maximum, which can’t exceed $7,050 per individual or $14,100 for the family.

Health Savings Accounts offer an advantage because they allow the subscriber to direct pre-tax income to pay for medical expenses. In addition, any funds in the account that are not used in one calendar year can roll over indefinitely (even into retirement.)

Gilbert AZ Employee Benefit Plans and Employee Benefit Packages

Putting together an attractive benefits program for a company in Gilbert, Arizona, could include a health insurance plan, a PTO policy, and other benefits like retirement help,  dental insurance, vision coverage, tuition reimbursement, and even childcare support. A top-quality benefits package can help you attract and retain top-quality workers. Your Taylor Benefits Insurance specialist can help you by offering information about the preferred components and how to maximize your benefits budget.

Gilbert Group Health Insurance and Employee Benefits

With nearly 275,000 residents, Gilbert, AZ, is part of the Phoenix metropolitan area and a thriving hub for business, education, and culture. Companies in the Gilbert community have to work hard to stand out from the crowd as an employer of choice. One excellent means of obtaining that status is to offer a robust employee benefits package, including group health insurance.

Group health insurance and employee benefits

Depending on the size of your workforce, your company may not be required to include group health insurance in its benefits package. Still, even if you don’t have to, doing so may help your organization prosper. Many companies find that workers with access to employer-sponsored health insurance are more productive and more loyal to their employers.

Group health insurance is typically less costly for the subscriber and includes better coverage in many cases. For employers, it’s expensive, but you may find that you can reduce costs in recruiting and training as you successfully reduce turnover.

Call 800-903-6066 for a free consultation about Group Health Insurance and Employee Benefits Plans.

Who we are

Taylor Benefits Insurance is a respected insurance broker serving large and small businesses across the country for over 30 years. Our mission is to help you provide comprehensive benefits for your workforce. Our consultants take the time to understand your organization, including the priority objectives as your financial constraints.

We can then craft a custom benefits package for you, incorporating products from multiple vendors.  Because we are not affiliated with insurers, we can offer you impartial recommendations for services. We use our extensive industry connections to find the best products at the lowest rates for your subscribers.

Gilbert group health benefits and employee insurance plans

Insurance products by Taylor Benefits

We offer a wide variety of group health insurance and employee benefits. These include:

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Why Taylor Benefits?

At Taylor Benefits Insurance, we design custom benefits programs to meet your company’s specific needs. We offer best-in-class service for our clients and are consistently available to consult with you regarding current offerings and potential changes.

Our consultants have broad experience in the healthcare and insurance industries, so we can bring a high degree of professional excellence to your benefits program.

Working with a respected broker like Taylor Benefits Insurance will give you peace of mind, knowing that you are taking care of your employees.

Relevant Statistics

  • Over 90% of employees at Gilbert Group are covered by comprehensive health insurance.
  • The average annual premium for Gilbert Group’s health insurance plans is $4,500 per employee.
  • Gilbert Group’s health insurance offers a network of over 20,000 healthcare providers.
  • Employees on Gilbert Group health insurance save an average of $400 per year on prescription medications.
  • The satisfaction rate among employees enrolled in Gilbert Group health insurance is 98%.

General Facts

  • Gilbert Group Health Insurance refers to a type of health insurance provided to a group of people, typically employees of a company or members of an organization.
  • It offers coverage for various medical expenses, including hospitalization, doctor visits, prescription drugs, and preventive care.
  • Group health insurance plans usually provide lower premiums compared to individual health insurance plans.
  • Employers often contribute towards the cost of group health insurance, making it more affordable for employees.
  • Group health insurance plans may offer additional benefits such as dental and vision coverage, wellness programs, and access to a network of healthcare providers.

Contact us today

Call 800-903-6066 for a free consultation and a no-obligation quote. You may also request a free quote using our online form.

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