Idaho Group Health Insurance & Employee Benefit Plans

Idaho Group Health Insurance & Employee Benefit PlansTo sustain a happy, hardworking staff at your business in Idaho, give your employees the option of affordable and reliable group health insurance and an employee benefits plan. Your workers depend on these benefits to care for themselves and their families at home.


It isn’t necessary to spend your valuable time searching for an insurance carrier to help your business find the right plan. An insurance broker will help you create a plan, even if it means going through several carriers. Here at Taylor Benefits Insurance Agency, we craft plans to meet the needs of our clients as well as negotiate the costs and premiums of their plans. We also provide yearly audits to make sure your business’s group plan complies with local, state, and federal laws, potentially qualifying you for tax breaks.

Idaho Large Group Health Insurance Plans

Since the implementation of the Affordable Care Act (ACA), group health insurance plans must meet established standards for essential benefits. If the program doesn’t provide all the components, the employer offering the coverage can be found non-compliant with ACA rules. Also, people who obtain their coverage through Idaho’s official marketplace, Your Health Idaho, will find plans that include the required benefits. Those components cover the fundamental needs of individuals in obtaining medical services, but employers can and often do include more.

For example, one of the required pieces is preventative and wellness services, including chronic disease management. All insurers must include preventive services without cost-sharing by the subscriber. Preventive care includes vaccines, cancer screenings, and testing for other illnesses and conditions like high blood pressure and cholesterol. Some large employers are going further, offering additional screenings plus information about disease avoidance and management. Many add incentives and support for health-conscious activities like exercise, smoking cessation, and stress reduction. Incentives can be as simple as offering employees a step counter (exercise monitor) when they sign up to participate.

Idaho Small Business Health Insurance Plans

Small companies may have to pay more per capita for health insurance than bigger businesses. One reason is they don’t have the same buying power or enough clout to negotiate for a group discount. Another potential cause is that the cohort of subscribers could have a higher risk when compared to the larger company demographics.

Many small companies still want to offer health insurance, and it’s a good idea to talk with a representative from Taylor Benefits Insurance about your small group health insurance options. Although companies with fewer than fifty workers aren’t obligated by the ACA to offer coverage, the legislation does have some support that may make doing so more affordable. Plus, small firms may be able to obtain a tax credit to cover some of the administrative costs.

Idaho Employee Benefit Plans and Employee Benefit Packages

Often, people prioritize the pay level when looking for a new job. However, savvy employers can also help by providing some benefits that come in handy. Some of these options are low-cost, like identity theft protection, which a company can often obtain for a minimal price. Employers can also investigate and secure discounts that other businesses are willing to offer their workforce at no charge to the company. Such perks can range from ten percent off at the local auto repair shop to pay-in-advance discounts on movie tickets or theme parks. In addition, more significant items may be possible, like life insurance offered as an ancillary benefit.

One creative way to attract and retain employees might be to build a more employee-friendly culture. For example, employees with families usually appreciate social events like company picnics and outings or the opportunity to volunteer at their child’s school without using up vacation leave. If the company has a less family-oriented workforce, consider social hours after work, like cooking lessons or athletic clubs. If you are the star pitcher on the office baseball team, you are probably more likely to stay at your job. By considering the workforce demographics, your company can build in some benefits that help with retention.

Advantages of Going through a Reliable Insurance Broker at Taylor Benefits

  • We provide consulting, planning, and training services, including the use of our online HR management tool
  • You’ll find a flexible, low-cost health and employee benefits package that your employees will find satisfying
  • We work with some of the best insurance carriers in the nation
  • We have the ability to negotiate the cost of your insurance and benefit options
  • Our help deciding on what services are best for your company’s needs
  • We have proven experience and a successful history in the insurance industry
  • A FREE proposal by phone or our online submission form

Give us a call and learn more about your options. We can provide health, dental, vision, 401(k), retirement and pension, long-term care, disability insurance, and much more. Discuss your company’s requirements with one of our licensed insurance agents, and they’ll make sure they tailor a group plan for your business at a price you can’t pass up.

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

When recruiting and retaining top talent in today’s highly competitive employment market, employee benefits plans are an essential tool. offering excellent benefits may also contribute to your financial success, as your employees may be more dedicated and productive. 

What Are the Benefits of Large Group Health Insurance Plans in Idaho?

  • Large group health insurance policies have lower premiums than individual coverage.
  • In addition, the corporation may be eligible for some business tax benefits.
  • People who cannot afford individual health insurance can benefit significantly from a group health plan. A group health insurance plan is often the most effective way to cover medical expenses.

How Do Small Business Group Health Insurance Plans Work in Idaho?

Small companies may find affordable healthcare options by visiting the SHOP (Small Business Healthcare Options Program) website. SHOP is the ACA program for small companies that aren’t required to provide coverage but want to. In many cases, a small employer needs 70 percent of eligible employees to subscribe in order to activate the policy.

What Are the Different Types of Benefits Offered in Idaho?

Employee benefits may include some traditional and some creative options. Everything from health insurance to unlimited PTO falls into a benefits plan, which is frequently a substantial part of the company’s compensation package.

  • Some employee benefits are mandated by law, like workers’ compensation insurance, minimum wage and overtime pay, and payment of employer contributions to Social Security.
  • Non-mandatory employee benefits that are considered an industry standard include health insurance, family and medical leave, disability insurance, life insurance, and paid time off.
  • Employee benefits that are offered as an added perk or fringe benefit include Wellness programs, relocation and housing alternatives, discounts, retirement support, commuter perks, and unrestricted PTO.

How Much Are Your Employee Benefits Worth?

An expert can help you figure out the cost of a customized benefits package for your specific situation. For example, health and employee benefits costs are influenced by the size of your organization and the breadth of your plan, in basic terms.

To begin, the cost of your insurance will be determined mainly by the size of your company and the number of employees who will be covered. The quality of the coverage will be the second most crucial factor. The higher the cost per employee, the more comprehensive the plan’s coverage and benefits are likely to be.

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