Irvine Group Health Insurance & Employee Benefits Solutions

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.

Irvine, CA Large Group Health Insurance Packages

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:

1. Ambulatory patient services (outpatient care)
2. Emergency services
3. Hospitalization, including surgical and medical
4. Maternity and newborn care, including delivery
5. Mental health and substance use disorder services
6. Prescription drugs
7. Rehabilitative services and devices
8. Laboratory services
9. Preventative and wellness services, including chronic disease management
10. Pediatric services, including dental and vision care for children under the age of 19

Irvine, CA Small Business Health Insurance Programs

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 Plans and Workplace Rewards Packages

Employee benefit packages usually include more than health insurance and PTO (paid time off.) In Irvine, employers are required to offer paid sick time, Paid Holidays or Medical Center Employees but many companies add other Irvine Company benefits to the package 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.

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.

Dial 800 -903-6066 and get free consultation on Irvine Group Health Insurance & Employee Benefit Plans