- Providing world class service and value for employee benefit group plans since 1987
Welcome to Taylor Benefits, Irvine’s leading provider of group health insurance and employee benefit plans in Irvine. Whether you run a small, or large Irvine company or just need an affordable group plan, we will find an offering that perfectly suits your business and its staff members.
Here’s how we help:
Tax Incentives – There are plenty of tax breaks available for businesses that offer benefits and group insurance plans to their workers. Our knowledge and experience allow us to work with you to find a balance between great benefits and an affordable price, which includes a complete understanding of the tax savings programs that are available to companies that offer healthcare to their eligible staff members.
Legal Compliance – It’s becoming more and more difficult for companies to stay on top of the changes that impact healthcare administration. Just the recent changes brought on by the Affordable Care Act (also referred to as Obamacare) have changed how businesses must operate when it comes to health and benefits for full-time career workers; other employment classifications may vary. We help you navigate and understand these changes so you can make an informed decision.
Policy Review – One of the challenges that face many businesses that offer group health care and employee benefits is making sure that they provide quality options at the best value possible. We work closely with our clients to maintain the best benefits and insurance they can offer, including an annual review and company audit that makes sure your health, disability and retirement benefits are aligned with the needs of your employees and your business.
Any company with fifty or more full-time workers needs to offer health protection that complies with the ACA (Affordable Care Act) standards for benefit coverage and affordability. Most sizable employers were already offering coverage before Congress passed the law. Still, some needed to make changes. Affordability means that the subscriber’s share of the cost can’t exceed 9.61 percent of their gross income for a plan that will cover sixty percent of typical usage expenses.
Average monthly premiums in the US are over $7,700 for an individual and over $22,000 for a family plan, including both what the employee pays and what the company contributes. Employers must pay enough of the premium to meet the IRS affordability standard, but that stipulation only applies to individual coverage. Furthermore, every coverage plan must include coverage for the ten “essential benefit areas” designated by the ACA:
Small businesses that employ less than fifty workers don’t have a legal mandate to offer health insurance. Still, they may want to do so to compete for top-quality workers. The Bureau of Labor Statistics reports that nearly half of small companies provide medical protection through the company and often pay part of the subscriber’s cost. Small firms can find assistance in establishing and administering their insurance plans by looking for resources and support with SHOP (Small Business Healthcare Options Program), which was created by the Affordable Care Act. Ask your Taylor Benefits Agency consultant for more information.
Employee benefit packages usually include more than health insurance and PTO (paid time off). In Irvine, employers are required to offer paid sick time and paid holidays for medical center employees, but many companies enhance their Irvine employee benefits packages to attract the skilled employees they need.. MetLife’s 2022 Benefits Survey commented on how strongly crews feel about benefits. Nearly 75 percent say that better benefits would encourage them to stay at their current job longer. Businesses looking beyond this area can review our New Service Locations to discover other regions where we offer employee benefits and group health insurance services.
Employers that want to help their workers develop financial stability and plan for retirement may consider adding life protection, sponsoring a retirement savings plan like a 401(k), student loan payment help or tuition reimbursement, and unlimited accrual paid holidays. Employees also ask for dental and vision coverage, flexible scheduling, and the ability to choose remote work. Companies evaluating regional options often review Group Health Insurance in Anaheim to compare coverage choices, pricing, and employee benefit structures within Southern California.
Dial 800 -903-6066 and get free consultation on Irvine Group Health Insurance & Employee Benefit Plans
We help Irvine businesses establish and maintain an effective strategy for benefits administration and group healthcare by offering a wide selection of choices that include, but are not limited to, the following services:
Employers can make certain changes during the year if their team or budget changes. Some adjustments, like adding employees or updating contribution levels, may be allowed depending on the insurance carrier’s rules. It’s best to review your plan details and talk with your benefits advisor before making any updates.
Benefit changes outside the standard enrollment period are allowed in cases of qualifying life events, such as marriage, birth of a child, or loss of other coverage. Proper documentation is required for processing these changes.
When an employee leaves, they may have the option to continue their existing coverage temporarily through continuation programs such as COBRA. This allows former employees to keep their health insurance for a limited period while they transition to a new plan.
Costs depend on employee count, plan type, coverage level, and employer contribution. Industry risk and carrier choice also matter, along with whether employees include dependents or part-time workers in the plan design process overall varies.
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 just started working with Taylor Benefits and could not be happier. Todd gave us quite the education as well as some time saving tools to help us manage our HR and save money too. We are looking forward to a long relationship!”
-Carol, Accounting Manager, recruitment marketing company, Campbell, CA
We’re ready to help! Call today: 800-903-6066