- Providing world class service and value for employee benefit group plans since 1987
Multiemployers in Indiana strive to provide the best and most affordable wellness and financial planning for their employees. This is the ultimate way to attract and retain qualified professionals. Instead of going straight to insurance carrier where you’ll be limited in options and the rates are set in stone, contact a licensed and experienced insurance broker.
Taylor Benefits Insurance Agency has been a huge part of the insurance industry for nearly 30 years. As industry leaders, we want to make sure all of our clients remain satisfied. We know how difficult it is to stay afloat your competition as a business in Indiana. To assure reliability and great coverage, we perform yearly audits. During these audits we make adjustments and check to see if you’re still in compliance with the Affordable Care Act as well as other local, state and federal laws. This helps your company avoid unnecessary penalties. It also helps you qualify for tax breaks.
Large employers sometimes provide their workers with a choice among health insurance plans. Often the company will contribute a specific amount toward each type of coverage and let the worker decide which program makes sense for them. For example, the employee may be able to choose between an HMO, PPO, and POS. Any of these may also be formulated as an HDHP/SO (high deductible health plan with savings option). The traditional indemnity (also known as fee-for-service) programs are less popular each year. For the company, this approach may allow them to satisfy the individual needs of their workforce, while for the employee, it allows better control over their budget and how they gain access to health care.
Point of Service (POS) options are increasing in popularity as workers evaluate the costs of available options. First, however, the consumer must develop a more sophisticated understanding of the rules to make a reasonable choice. For example, a POS plan combines some aspects of both the HMO and the PPO structure. Like an HMO (health maintenance organization), a POS typically involves coordinating care through a primary care physician. That doctor refers the patient to specialists and other providers. However, more like a PPO (preferred provider organization), the POS allows the use of out-of-network medical providers, albeit at a higher cost than in-network services. Typically, an HMO only covers out-of-network care in an emergency.
Small businesses in Indiana that want to offer health insurance to their workers are usually looking for high-quality plans that don’t cost too much. Small companies with fewer than fifty employees are not required to offer coverage but can receive incentives if they do. The ACA also created support services for small companies to assist them in implementing coverage plans.
Small companies can receive a health care tax credit if they meet these criteria:
Talk to your Taylor Benefits Insurance consultant about the best approach for your Indiana business.
One component to consider for employers crafting a benefits package is an EAP (Employee Assistance Program.) Of course, many large companies have had these tools in their toolbox for a long time. Still, popularity has spread, particularly during the recent pandemic years. An EAP is best-known for offering fast, confidential support to workers experiencing stress, but it can go further.
The EAP experience often begins online when a worker reaches out for help. It could be that they are in a crisis—emotional, financial, and family problems are common catalysts for EAP usage. Usually, the program will provide a small number of sessions that don’t require using the healthcare coverage 9if applicable) or referral to other resources.
Taylor Benefits Insurance Agency is here to provide additional consulting, planning, and advisory services. We will use our extensive resources and large network of insurance carriers to provide you with a group health and benefit plan that keeps you above your competition by helping you to attract and retain employees qualified for their position. Our agency will keep your company updated on compliance issue requirements and any amendments in health care reform and we provide plan administration for all of your benefit plans. Give us a call to discuss your options and we will even offer you a FREE estimate based on the plan we tailored for your Indiana business.
Todd Taylor with Taylor Benefits gives our small business the kind of personal service we need. Insurance benefits are important to our employees and Todd helps us find a balance between benefits and value. Todd responds immediately to my phone calls & e-mails. He has even gotten in touch with me on a Sunday when we were in need of coverage answers immediately. We are very pleased with the hands-on service Todd and his staff provide.”
-Ken and Linda Orvick, Orvick Management Group, Inc.
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