- Providing world class service and value for employee benefit group plans since 1987
Larger companies have traditionally been more likely than small businesses to provide health insurance for their employees. This tendency was in place before the passage of the Affordable Care Act established a mandate for companies with fifty or more workers. Big firms are also more likely to allow employees to choose between plans and pay part of the premium cost. However, following the ACA, companies often must cover some expenses because of the affordability standard.
Most subscribers prefer PPO plans over HMO networks when offered a choice, even when the PPO costs more. Some of these workers say it’s because the HMO doesn’t include their preferred provider, or they prefer not to need to seek authorization from a primary care physician to consult a specialist.
Small companies don’t have to offer or subsidize health insurance for their employees if they have fewer than fifty workers. However, businesses that want to can find help through the ACA SHOP (Small Business Health Options Program), which has resources, information, and support. Your Taylor Benefits Insurance consultant can help you navigate through the options.
Organizations employing fewer than 25 workers may be eligible for tax credits. However, there are some requirements (including a lower-wage workforce), and the company needs to pay at least half the premium cost, so check with your specialist to see if you may qualify for assistance.
One of the commonly requested employee benefits after health insurance is paid time off. The U.S. Department of Labor estimates that paid days off work (sick time, vacation days, personal days, and holiday pay) equals almost seven percent of total compensation. This investment is taking place even though, in Kansas City (like most places), employers don’t have to pay for time off. Nonetheless, the Bureau of Labor Statistics estimates that three-quarters of private industry employees have some paid vacation time, and 79 percent receive some paid holidays.
At Taylor benefits, we offer products for both small and large companies. We craft group insurance and employee benefits plans according to your needs and requirements. Our group health plans include:
A couple of reasons make our insurance agency the best suited to offer you group health insurance.
First, we are an independent insurance brokerage which makes us focus on the client’s needs and offer the best solution. We work with all competitive carriers across the country for health insurance and other benefits plans. In addition, we ensure that our client’s carriers maintain competitive positions in the market by annually shopping our client’s benefit plans.
We offer complementary COBRA administration if your company requests for it, through a 3rd party. We have an integrated online HR management system for HR and Benefits plans administration.
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.
We’re ready to help! Call today: 800-903-6066