- Providing world class service and value for employee benefit group plans since 1987
Kansas business owners may need expert help to find affordable group health insurance and craft an attractive employee benefits plan. If your business needs help, Taylor Benefits is happy to share that we have worked closely with Kansas business owners for many years, and we know the best options for healthcare coverage to meet your employees’ needs. We also understand that you need to stay on budget.
As an independent group insurance agent, we can offer a wide health insurance marketplace for State of Kansas benefits eligible employees and their dependents. Our licensed professionals ensure that our clients have a spectrum of choices.
Since the enactment of the Affordable Care Act (ACA), it can be difficult to understand what insurance coverage a business owner must provide or if they need to provide coverage at all. We are here to help our Kansas professionals navigate the rules.
To get started with an estimate for a group health insurance plan or other employee benefits, including a retirement plan and other coverage, fill out the form on this page or contact us by phone today.
As an eligible state employee, we can assist with all your healthcare coverage needs including:
Under the Affordable Care Act (ACA), any company with more than fifty employees (full-time or the equivalent) must provide health insurance to eligible workers. The coverage must meet the ACA standards of affordability (in most cases, the cost for the employee’s share can’t exceed 9.12 percent of the worker’s income) and coverage. That means if the employee’s pay is $50,000, their share of the premium subsidies must be less than $4,560.
The employer can choose the delivery system, such as a point of service, health maintenance organization, or preferred provider organization. Still, the plan must include these essential benefits:
Small Kansas companies are not required to offer health insurance to their eligible employees (if they have fifty or fewer). However, if they want to provide coverage as a benefit, the ACA has some resources to help. If they decide to provide medical insurance, they must follow the rules for small businesses. One requirement is for minimum essential coverage, which is the same as the large employers must provide (see above for the components).
The selected insurance must also be available for all workers in the company (not just managers or highly compensated staff). Finally, to receive the Small Business Health Care Tax Credit, the employer must pay at least half of the premium cost for eligible employees. However, they don’t have to pay toward the cost of dependent coverage.
Small business owners should consider seeking guidance from a broker like Taylor Benefits Insurance to evaluate and compare potential plans. Small business group options are sorted into tiers with metal name identifiers to help categorize the value. Bronze plans, for example, have a lower premium but higher costs for service. In contrast, a platinum plan will have the highest premium but a lower price when the subscriber needs to use the coverage. In between are silver and gold.
The health insurance marketplace is the most widespread employee benefit, followed by paid time off. Kansas, like most states, does not require any paid time off for employees, although federal law requires up to 24 hours of compensated time off for illness. Many Kensas employees receive paid time on recognized holidays and can accrue hours to use for vacation leave and other purposes.
Some progressive employers in Kansas have switched to a PTO system that combines paid leave into one bucket that workers can use for their individual needs without breaking it into separate categories like vacation, illness, and personal time. So, for example, instead of earning ten hours of vacation time and three hours of sick leave each month for the pay period, the worker could accrue thirteen hours to use for their overall needs (subject to company approval, in most cases.)
Finding the right health plan to meet the requirements of the Affordable Care Act (ACA) in Kansas can be a challenging task. When the act was implemented on January 1, 2014, many found it confusing to understand the way costs varied and how monthly premiums and deductibles worked on the exchange.
Taylor Benefits has been able to assist Kansas business owners with options that are compatible with the ACA requirements, and that will be cost-effective for the business itself. We have always offered affordable insurance premiums and deductibles to our clients, and this history made compliance with the ACA easier for us and our clients in Kansas.
The Affordable Care Act (ACA), often referred to as Obamacare, has enabled millions of previously uninsured people to obtain quality healthcare. For those who meet certain qualifications, the government assists with monthly premiums as well as out-of-pocket costs for healthcare services. Best of all, those who have preexisting medical conditions can no longer be turned down for coverage thanks to the ACA.
To start your business on the right path to affordable healthcare coverage for your eligible employees, be sure to fill out the hassle-free form on this page or call to speak to an agent and get your group healthcare plan started.
If you have concerns about health insurance plans and employee benefits in Kansas, here are a few answers to some common questions:
A health insurance plan that covers a group of 50 full-time employees and above is considered a large group health insurance plan. Small businesses and big corporations alike can take advantage of this kind of policy. There is no upper limit to the potential group members. Large group health insurance plans provide the same coverage for all Kansas employees, making them easy to work with and allowing a quick employee enrollment process.
A health insurance health plan that covers a group of 50 employees and above is considered a large group health insurance plan. Small businesses and big corporations alike can take advantage of this kind of policy. There is no upper limit to the potential group members. Large group health plans provide the same coverage for all employees, making them easy to work with and allowing quick employee enrollment.
In addition to salary, benefits are perks offered by an employer to their employees. The most common employee benefits are life insurance, retirement plan, paid leave, disability, medical, short-term health insurance, accidental death and more. However, depending on the company, employers may also offer other perks, including but not limited to vision and dental insurance, short-term health insurance, legal insurance, pet insurance, college debt relief, and other optional benefits.
The cost of employee health insurance coverage varies, with the average premium for family health insurance hitting more than $20,000 annually. However, the cost of employee health insurance depends on several factors, including the insurance company, the type of health plan, the location of the business, the features, and the employer’s premium contribution.
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