- Providing world class service and value for employee benefit group plans since 1987
Large companies in Kansas City, Missouri must provide health insurance coverage to their workers because of the Affordable Care Act. The Affordable Care Act covers businesses with fifty or more employees in the “large” category, which means they are subject to the requirement. The ACA stipulates standards for the policies they can offer, including coverage of essential benefits and affordability for subscribers. The benefits that every insurance plan must incorporate are:
The ACA gives all health insurance plans a metal tier ranking that helps customers understand the value. For example, a bronze plan has the least expensive premiums but provides the lowest coverage. In contrast, a silver tier plan will cost more and cover more. However, even a bronze-level policy must cover sixty percent of the anticipated expenses for a typical subscriber.
Small companies are less likely than larger ones to offer health care coverage for their workers, and the ACA did not include companies with fewer than fifty workers in its employer mandate. Still, those companies that have insurance programs often contribute more of the premium. Thirty percent of workers in small firms pay nothing toward the cost of insurance, compared to five percent for larger ones. While companies with fewer than fifty workers do not need to offer health insurance, if they choose to do so, the coverage must comply with the minimum essential requirements as established.
Companies that want to enhance their benefits package and still stay on budget may wish to investigate low-cost ways to stand out. One way is to add “voluntary benefits.” These optional programs provide discounts and money-saving offers for workers. The employer often contributes little or nothing toward the benefits but facilitates their availability for employees. The employee gains value due to the size of the potential pool of participants.
Voluntary benefits may include vision coverage, legal plans, pet insurance, long-term disability, long-term care, and discounts for other services like communications, recreation, and fitness centers. Sometimes employees can pay for these with pre-tax income, while in other cases, the employer might offer a payroll deduction for convenience.
If you want the best healthcare insurance possible in Kansas City (Missouri), you need to visit an independent agency like Taylor Benefits Insurance. Independent agencies are not in competition with insurance providers, nor are our plans in competition with plans on the state or federal exchanges. Our plans are custom-designed for our clients. Regardless of the political and legal future of Obamacare, or the decisions of insurance providers, our plans will not be affected.
With over 25 years of experience in the field, we can provide you with the group healthcare insurance plan you want, at the price that you want. If you are shopping around for healthcare coverage and insurance, contact an independent agency like Taylor Benefits Insurance today.
Healthcare coverage and insurance is a necessity. However, many people do not have access to the healthcare insurance plan they need, or can afford. This is why we include the following benefits in all of our group healthcare insurance plans.
Healthcare coverage and insurance rates may rise in 2018. With the future of Obamacare uncertain, many insurers are protecting their business by increasing premiums, especially if the “individual mandate” requirement will not be enforced in the future.
The individual mandate requirement states that individuals must either have healthcare coverage or pay a penalty. If this is not enforced, insurance providers believe many insured individuals will leave their plans, the insurance pool will go down, and insurance will become more expensive for everyone else still on a plan.
Instead of relying on individual healthcare insurance plans on the federal exchange, or the insurance providers themselves, why not enroll in a group healthcare insurance plan? Doing so will be cheaper, and you will receive a more customizable, more comprehensive, plan as a result. With an independent agency, your rates will not rise because your plan will not be affected by the actions of insurance providers or Obamacare’s political and legal future.
If a customer is hospitalized or needs financial assistance following medical treatment, a complete insurance plan covers those costs. Health insurance is a requirement of the Affordable Care Act (ACA) for Missouri residents. Under the Affordable Care Act, commonly called Obamacare, everyone is required to have health insurance. Missouri is the only state that does not have its own health insurance mandate. Some of the most common questions we receive from clients are:
For companies with 51 employees or more, health insurance is available. You are considered a large organization in Kansas City, Missouri, if you have 51 or more employees. A few companies that offer health insurance under the “Mother of the West” model are listed below:
Insurance companies rely heavily on numbers. It is possible to obtain health insurance through your employer for as little as a few hundred dollars. The Affordable Care Act (ACA) may make it easier for those looking for Small Business Groups Insurance Plans to find them.
The average cost of health insurance for Missouri’s small companies is $148 per employee. This is based on the lowest price plan within the state. The cost depends on the employee’s age and gender.
A company’s success depends heavily on its employees. Provide them with comprehensive health insurance as a form of gratitude. Your care will make them feel safe and secure.
It may help you attract suitable candidates if you offer such incentives. For educated job candidates, comprehensive and cost-effective employee benefits packages are vital. A comprehensive employee benefit program can keep your company at the top of the list.
Standard employee health, dental, disability, critical illness, vision, and death insurance are included in a comprehensive employee benefit package.
Depending on your job status, you may receive a different benefit package. There is no right or wrong answer in this respect. Your premium will be determined by your employees’ demands. According to Kansas City, Missouri, the cost of employee benefits is over $1,048 per month.
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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