- Providing world class service and value for employee benefit group plans since 1987
The ACA mandates employers with fifty or more employees in locations, such as Nevada or Georgia, to provide affordable health insurance as part of their workforce’s health plans. This administration is frequently guided by a dedicated health plan team acting as an information provider. The premiums for the employees’ shouldn’t exceed 9.61 percent of the employee’s income to meet the affordability standard set in the ACA policies. So, in a way, if an employee earns $50,000, the maximum premium deductible, when considering prescription costs and other expenses, is approximately $4,805 for that individual.
Beyond meeting affordability standards, the coverage must also meet tailored wellness and coverage standards. These agent-handled requirements are not isolated, as there are linkages and interdependencies between them across each state, discernible on any well-informed site. It is essential for others to grasp an overview of how it all functions and appeals, particularly in their respective states.
The coverage must also meet specific coverage standards. The two requirements are:
Finally, every plan must cover the ten designated “essential benefits” outlined by the ACA:
Small businesses, often short on the resources of larger companies, are sometimes reluctant to commit to health insurance due to the high PPO premiums, which seem to rise annually. Large companies may decide to self-fund these programs as a way of saving money and managing cash flow better. But for smaller organizations in Nevada or Georgia for instance, the financial risks of self-funding may be too high, hindering its adoption.
A potential solution for these companies is establishing a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). You can engage in a chat with our Taylor Benefits Insurance specialist about how QSEHRAs work in your state. These accounts, with the possibility of company enrollment and contribution, enable small businesses to assist employees by facilitating their use of pre-tax funds for healthcare, while avoiding the administrative burden of a complex healthcare program.
A well-balanced benefits package, bearing the company’s logo, can inspire confidence in potential employees mulling over a company’s offer and employees deciding whether to stay or leave. For many workers, health insurance, provided by a trustworthy provider, is viewed as a very crucial part of the package, and paid time off is also highly favored. Other common components of a benefits package may include:
Here are the following health benefits we offer in our group healthcare insurance plans.
With almost a million Indiana residents living below the poverty line, and 828,000 residents living without insurance, Indianapolis (IN) residents need healthcare coverage they can trust, at a price they can pay. While the goals of Obamacare are well-meaning, access to healthcare does not make it automatically affordable for most people. At Taylor Benefits Insurance, we have solved this issue by providing group healthcare insurance plans. Group plans are more affordable and more comprehensive than individual plans due to the leveraging power of larger groups being pooled to provide insurance to all. It is the same principle that keeps Obamacare afloat. The more people that purchase a plan, the more affordable healthcare can become for everyone.
The most appealing benefit that group insurance offers is its economic advantage: group healthcare plans are substantially more affordable than individual ones. Specifically beneficial for those almost one million individuals living below the poverty line, for whom any amount of healthcare coverage they have to pay for individually is a significant expense. In writing group healthcare insurance plans, we strive to deliver the necessary benefits while reducing or eliminating the unneeded ones, thereby effectively lowering the cost of health insurance.
Looking for a Indianapolis Group Health Insurance & Employee Benefit Plans? At Taylor Benefits Insurance, we are fully equipped with the resources and expertise to guide and assist you throughout the enrollment process, ensuring compliance with all healthcare laws, including Medicare. We provide this excellent service through various ways, including an easy-to-use site where you can readily receive an instant quote. Click the quote button to avail yourself of this resourceful service.We proudly serve various member organizations, individuals, families, and businesses in all areas, including the suburbs of Colorado and Virginia, offering a vast choice of insurance quotes that match your expectations. Our meticulously tailored coverage options cater to your needs, offering value and a network of services from hospitals and HMO providers.
Best of all, we offer free estimates based on the specific needs of your group. There is no obligation to purchase a plan or sign up for one. With us, you can learn about how group insurance can benefit you, understand the varied types of coverage options available, including disability coverages, and voice any grievances you might have. Our YouTube channels offer additional tools and products to enhance your understanding of these options. This advice from a friend-like service is particularly helpful, especially if you are unsure of the costs of insurance or have claims regarding your insurance rights.
It’s crucial to have affordable and reliable healthcare coverage. If you find yourself uncertain about your future under Obamacare, another insurance plan, or even Medicare, you should contact Taylor Benefits Insurance to learn more about our group insurance offers. With over 25 years of experience as trusted agents, we’ve written a multitude of plans for clients, solidifying our reputation across suburbs, cities, and states. We stand ready to write a custom plan for you too. Don’t leave your health to chance, sign up with Taylor Benefits today and meet your healthcare expectations.
Any company, regardless of size, qualifies for coverage under a large group health insurance plan if they have more than 50 workers. The coverage options we provide cater to a significant variety of people, such as those in large families, or employees in the same company. They also include specialized plans for individuals with disabilities. Such large group health insurance plans, covering various types of hospitals and services, reduce an insurer’s risk and lead to price reductions benefiting both consumers and insurance firms.
You, along with your employees, are given a choice to pick from a broad range of coverage options. The options you go with will depend on the insurance company and the coverage you require. Our service offers a network giving access to various types of tools and resources for assistance. High involvement rates in these decisions often lead to more successful outcomes. Depending on the circumstances, employees may even be granted the rights to choose the level of health insurance coverage they wish. Note that while we encourage transparency, these agreements are not open for broadcasting on public platforms like YouTube.
The Patient Protection and Affordable Care Act (ACA) states that a company is considered a small business if it has fewer than 50 full-time employees. While there is no legal requirement for owners of small businesses to offer their employees health insurance, those who make the choice to do so must adhere to specific guidelines and ensure total compliance with the law, extending even to the types of member services provided.
After enrolling their firm in a group health insurance plan provided by a service like ours, the small business owner generously offers their staff members the same plans to those employees in larger areas like Colorado and Virginia. Employees, as well as their families, are often responsible for their deductibles, copayments, and any services not covered by the program. Our vast network of services covers a wide array of products and healthcare services, from HMO providers to specialized hospitals.
While you don’t need to pay for the totality of the benefit packages, some crucial ones must be included. For example, workers’ rights coverage, disability insurance, and services offered by our HMO network are important ingredients for any comprehensive plan.
Organizational size is also a factor that shapes the type of insurance coverage options you have. Because of their clout in the health insurance market, larger companies can afford to pay higher total compensation and provide more benefits. According to statistics, workers in larger firms often receive more tangible benefits, making them more likely to fulfill their health insurance expectations. It’s worth noting that we continually strive to add value by advancing our product offerings or by forming strategic partnerships with leading hospitals.
Organizational size is also a factor that shapes the type of insurance coverage options you have. Because of their clout in the health insurance market, larger companies can afford to pay higher total compensation and provide more benefits. According to statistics, workers in larger firms often receive more tangible benefits, making them more likely to fulfil their health insurance expectations. Our HMO network has proven to be a valuable tool for these larger companies, offering a variety of healthcare products tailored for their needs.
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.
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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