Killeen Group Health Insurance & Employee Benefit Plans

Killeen is a city in Texas with a population that exceeds 127,000 people. A considerable number of the city’s residents usually end up working in the same institutions. This creates the perfect opportunity for employers to embrace group health insurance policies and other employee benefits that will help their employees.

Personal health being a fluid issue, it is important for employees to feel assured that in the event of a health crisis in their personal lives, they will receive the right care. This also allows Killeen to effectively contribute to the growth of Texas as a whole.

Killeen TX Large Group Health Insurance Plans

You have ample options if you are responsible for choosing group health insurance for your company. Even while the cost of health insurance continues rising with inflation, so do the possibilities. In addition to indemnity and point-of-service plans, employers may offer preferred provider and health maintenance organization programs to reduce their premium costs. Employees may also attempt to reduce their required premium contributions by opting for high-deductible plans.

Preferred provider organizations are the most common selection for most companies because of the combination of price and flexibility. Subscribers want the ability to seek care outside a network, which is often prohibited by health maintenance organizations (except during emergency circumstances.) Within the coverage type, plans are identified by their metal tier (bronze, silver, gold, and platinum), with higher premium plans offering lower out-of-pocket costs in most cases. For example, platinum coverage costs the most but also covers the most. Each tier may provide a different deductible, co-payment, and out-of-pocket maximum in addition to a separate premium.

Killeen, TX Small Business Health Insurance Plans

In places like Killeen, small companies have plenty of choices for providing health insurance if they choose to do so. However, since the Affordable Care Act mandate exempts businesses with fewer than fifty workers, it’s not required. So instead, the company can choose to provide coverage. However, if they do, the policy must comply with the ACA rules. In addition, companies seeking insurance for their staff may get help from SHOP (Small Business Health Options Program), which the ACA created to help them with insurance.

Small businesses may receive a tax credit if they are eligible using these criteria:

• Employ fewer than 25 employees
• Pay lower average wages (currently set at less than $53,000 yearly)
• Offer an eligible health plan from the Small Business Health Options Program or through a qualified broker like Taylor Benefits Insurance.
• Subsidize at least half the cost for enrolled workers. The company does not have to share the cost for dependents.

Talk to your consultant about options for your small business.

Killeen TX Employee Benefit Plans and Employee Benefit Packages

Companies compete for skilled employees by offering attractive pay and benefits packages. A good package frequently starts with health insurance, especially for companies large enough to be subject to the ACA mandate. In addition to insurance, workers often prioritize paid time off for illness, vacation, and holidays.

Other benefits that workers want include:

• Help with retirement planning, including contributions from the company
• Dental and vision insurance
• A flexible working schedule
• Remote or hybrid work options
• Childcare assistance
• Tuition reimbursement

Group Health Insurance and Employee Benefits

Group health insurance is ideal for people working together. It allows employers to pick out suitable plans for their employees because such insurance plans are cheaper. Employers are also able to ensure that their employees are protected against unforeseen eventualities. Offering group health insurance to employees also allows them to enjoy the Affordable Care Act.

Employee benefits are benefits that workers get from their employers in addition to their monthly wages. Health insurance can be considered as an employee benefit as it is not remitted from the employee’s monthly salary.

Who We Are

Taylor Benefits is an insurance agency founded in 1987. We are located in San Jose, CA. 30 years of providing excellent services to our clients have allowed us to gather the required expertise and experience to ensure that you get the right insurance package.

Through the years, we have managed to spread our services across the entire nation. We offer group health insurance and employee benefits packages to both large and small businesses. Our insurance products are in line with the Affordable Care Act, aimed at ensuring that every citizen gets affordable insurance.