Kansas business owners may need expert help to find affordable group medical insurance and craft an attractive employment incentives plan. If your business needs help, Taylor Benefits is happy to share that we have worked closely with 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 healthcare plan marketplace for State of Kansas benefits eligible staff members 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 professionals navigate the rules.
To get started with an estimate for a group medical insurance or other team member benefits, including a retirement package 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 crew members (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 crew’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 program 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 assurance, 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 staff. 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 program will have the highest premium but a lower price when the subscriber needs to use the coverage. In between are silver and gold.
The healthcare insurance marketplace is the most widespread team member offering, 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 crews 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 staff members, 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 healthcare insurance packages and employee benefits in Kansas, here are a few answers to some common questions:
A health insurance plan that covers a team of 50 full-time crew members and above is considered a large group healthcare protection package. Small businesses and big corporations alike can take advantage of this kind of policy. There is no upper limit to the potential members. Large collective health policy programs provide the same coverage for all Kansas crew, making them easy to work with and allowing a quick employee enrollment process.
A medical protection plan that covers a team of 50 workers and above is considered a large group health coverage package. Small businesses and big corporations alike can take advantage of this kind of policy. There is no upper limit to the potential members. Large organizational health options provide the same coverage for all employees, making them easy to work with and allowing quick enrollment.
In addition to salary, benefits are perks offered by an employer to their employees. The most common employee benefits are life insurance, retirement program, 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, short-term health assurance, legal protection, pet insurance, college debt relief, and other optional benefits.
The cost of collective health coverage varies, with the average premium for family health protection hitting more than $20,000 annually. However, the cost of employee health insurance depends on several factors, including the assurance company, the type of health plan, the location of the business, the features, and the employer’s premium contribution.
Group health insurance is a policy that provides healthcare coverage to a group of people, typically employees of a company. It offers benefits such as lower premiums, comprehensive coverage, and employer contributions. Group health insurance helps protect individuals from high medical costs and promotes employee well-being.
In Kansas, group insurance typically offers coverage to a group of people, such as employees of a company, while individual insurance is purchased by an individual for personal coverage. Group insurance often has lower premiums and broader coverage options, while individual insurance offers more customization but may be more expensive.
The main advantage of group insurance for Kansas businesses is cost savings. By pooling employees together, businesses can access lower insurance premiums and better coverage options. This helps in providing affordable healthcare benefits to employees while also attracting and retaining top talent.
In a group health insurance plan, premiums are typically divided between the employer and employees. Employers often cover a portion of the costs while employees contribute through payroll deductions. The exact breakdown of premium sharing varies depending on the specific plan and company policies.
In general, non-contributory group insurance plans typically require a minimum of 75% of eligible employees to be covered. This ensures a high level of participation in the plan, spreading risk across a larger pool and providing more comprehensive coverage for employees.
An employee is typically accepted into a group insurance plan during their initial eligibility period, which is usually within the first 30-90 days of employment. Once the employee meets the eligibility criteria set by the employer, they can enroll in the group insurance plan.
In Kansas, the main difference between a PPO and an HMO lies in network flexibility. PPO plans offer more freedom to see out-of-network providers, while HMO plans require members to stay within a designated network for coverage. Understanding these distinctions can help individuals choose a plan that best suits their needs.
In Kansas, the most commonly used insurance for group plans is health insurance. Companies often provide group health insurance to their employees, offering coverage for medical expenses and promoting employee well-being. Group health insurance plans in Kansas typically offer comprehensive benefits and cost-sharing options for members.
In a group health policy, cosmetic procedures such as elective surgeries, weight-loss treatments, and fertility treatments are typically not eligible for coverage. These services are considered non-essential and are often excluded from group health plans to control costs and focus on essential medical needs.
In Kansas, the main difference between a PPO (Preferred Provider Organization) and a POS (Point of Service) plan lies in network flexibility. PPOs offer more extensive provider choices with out-of-network coverage, while POS plans require primary care physician referrals for specialist visits but may have lower out-of-pocket costs.
Group health insurance premiums in Kansas are calculated based on several factors including the age, location, and number of employees covered. Insurance companies also consider the overall health of the group, industry type, and past claims history. To get an accurate quote, it’s best to consult with insurance providers directly on how group health insurance are premiums calculated in Kansas.
The average monthly cost of health insurance in Kansas varies depending on factors like age, health status, and coverage level. On average, individuals can expect to pay around $400 to $600 per month for health insurance in Kansas. It is advisable to compare quotes from different providers to find the best deal.
To offer group health insurance in Kansas, businesses must have at least two eligible employees, with one being a full-time worker. The employer must contribute at least 50% of the premium costs and comply with state and federal regulations. Additional requirements may vary based on the insurance carrier.
If you don’t have health insurance in Kansas, you may face financial challenges when seeking medical care. Without coverage, you may be responsible for paying medical bills out of pocket, leading to potential debt or limited access to healthcare services. Consider exploring options such as Medicaid or marketplace plans to ensure you have coverage.
Offering group health insurance for Kansas employers can lead to increased employee retention, improved morale, and enhanced recruitment efforts. By providing access to comprehensive healthcare coverage, businesses can attract top talent, reduce turnover, and promote a healthier workforce, ultimately boosting productivity and reducing overall healthcare costs.
In Kansas, employers are not required to offer health insurance to employees. However, under the Affordable Care Act, businesses with 50 or more full-time employees may face penalties for not providing affordable health coverage. It is advisable for employers to consider offering health insurance to attract and retain talent.
In Kansas, employers with 50 or more full-time employees can face penalties under the Affordable Care Act if they do not offer health insurance to eligible employees. Penalties may include fines for non-compliance with the employer mandate. It is crucial for businesses to adhere to these regulations to avoid financial repercussions.
In Kansas, a small group for health insurance purposes typically consists of 1-50 employees, while a large group includes 51 or more employees. Small groups often have different coverage options and regulations compared to large groups, impacting premiums and benefits. Understanding the distinction is crucial for selecting the right insurance plan.
We’re ready to help! Call today: 800-903-6066