Los Angeles Group Health Insurance | Health Insurance Coverage Plans for Small Business in Los Angeles

Los Angeles group health insurance plans

Los Angeles CA Large Group Health Insurance Plans

In major cities like Los Angeles, large employers have access to ample options for fulfilling their obligations under the ACA and providing qualified health insurance plans to their workforce as required. While most companies included health insurance in their benefits plans even before the ACA mandated it, companies now have more stipulations to adhere to in following the rules.

For one thing, affordability is measured and can be challenging in costly areas like Los Angeles. The subscriber’s share of the insurance premium must not be more than 9.61 percent of their gross income, or the plan won’t be compliant with the affordability standard. It must also cover sixty percent of the expected costs for a typical subscriber. Finally, every health insurance plan offered must cover the following services, designated as essential by the ACA:

  1. Ambulatory patient services (outpatient care)
  2. Emergency services
  3. Hospitalization, including surgical and medical
  4. Maternity and newborn care, including delivery
  5. Mental health and substance use disorder services
  6. Prescription drugs
  7. Rehabilitative services and devices
  8. Laboratory services
  9. Preventative and wellness services, including chronic disease management
  10. Pediatric services, including dental and vision care for children under the age of 19

Los Angeles, CA Small Business Health Insurance Plans

Small companies in California are protected from being denied health insurance coverage. The legislature enacted new laws to guarantee group coverage for companies with between two and fifty workers, as long as the business:

  • Pays the premiums.
  • Has been operating longer than two months.
  • Offers the insurance to all eligible full- and part-time employees.
  • Complies with insurer requirements regarding employer contribution and employee participation.
  • Has not committed fraud against the insurer.

Small businesses with fewer than 25 workers may qualify for tax credits from SHOP (Small Business Health Options Program). However, companies can find options through SHOP with as many as fifty workers. Your Taylor Benefits Insurance representative can help.

Los Angeles CA Employee Benefit Plans and Employee Benefit Packages

In California, employees of virtually every company are entitled to paid sick leave, which they accrue at the rate of one hour per 30 hours worked. Companies don’t have to offer paid vacation time. However, California has rules about how accrued time must be handled for companies with a vacation time benefit.

Employees want health insurance, paid time off, and flexible schedules. Most also prefer that their company sponsor and contribute to a retirement plan. Quickly moving up the list of frequently mentioned perks are student loan payment assistance and tuition reimbursement.

Managing healthcare costs is important to the success of any business and it’s only going to get more important as the Affordable Care Act continues to be phased in. It’s more vital than ever for businesses in California to offer comprehensive group health insurance benefits to their employees, particularly with all the specific requirements in place that apply to hours worked, number of employees and minimum health care coverage laws for group and individual insurance plans.

Navigating the waters of health plan reform without a paddle can leave your business sinking quickly, which is why we offer care health plan solutions that maximize your incentives and tax credits. The changes brought on by the PPACA, also referred to as “Obamacare,” are already upon us will continue to affect the way businesses operate well into the future.

Contact us today to learn how we can help you minimize the costs and maximize the coverage of your group health insurance & health coverage benefits! We offer a free California health care coverage proposal using the online form or you can call us at 1-800-903-6066 to speak to a health insurance benefits specialist!

Los Angeles Group Insurance & Employee Benefits

Taylor Benefits is an independent insurance agency, which means our interest is in finding the right and affordable health insurance group plan for you. Through experience and market research for health care services, we have developed an expertise at finding group health insurance plans that fit the healthcare needs of employees, as well as the minimum essential health coverage requirements under the Affordable Care Act.

We offer a wide variety of employee individual health insurance and L.A care benefit packages that allow for a tremendous amount of flexibility and health insurance coverage choice, while maximizing your tax credits and providing excellent comprehensive employee benefit packages to businesses large and small.

Group health insurance plans & benefits available in Los Angeles:

  • Medical, dental and vision group insurance coverage plans
  • Group disability (short and long term L.A care health plan)
  • Employee retirement, pension support, and 401(k) plans
  • Section 125 cafeteria group plans, flex spending and health savings accounts (HSA)
  • Group life insurance and long term California health plans
  • Los Angeles large group health insurance

Curious about how you can save money on group health plan and employee benefits offerings? Call us at 1-800-903-6066 for a free support consultation or fill out the form at the top of the page for a no obligation group benefit proposal for your organization!

Los Angeles Group Health Insurance
Los Angeles Group Health Insurance

Understanding Small Business Tax Credits In California

There are a number of incentives in place for California small businesses that offer health insurance group benefits to their employees; the main one being the small business health care tax credit. However, in 2021, the guidelines for the tax credit will change as per new income guidelines and employer contribution for Medicare.

Understanding the changing landscape of group health insurance is going to get both more important and more confusing in the coming years, which is why it makes sense to hire a professional insurance company or broker to handle the important details.

More Than 25 Years In The Industry

We have been in the business of health insurance and group benefits for more than 25 years and have a thorough understanding of the existing employer requirements, as well as the changes that lay ahead in the insurance services industry.

For more information on maximizing the value of your group health insurance coverage or employee benefits plan, call us today at 1-800-903-6066 or fill out the free insurance services proposal form at the top of the page to find out how much we can save you today!

Los Angeles group health benefits and employee insurance plans

Which is the Right Plan for Health Care Coverage in Los Angeles County, California?

There are various health insurance plans available in Los Angeles county (California) like HMO, POS. FFS, and PPO. Thus, it is important to enroll for the right one from health plans. Consider all aspects like enrollment cost, financial coverage, eligible network hospitals under California department, families covered California members, etc.

Choose from the top Covered California plans like Blue Shield, Anthem Blue Cross, L.A Care, etc. The L.A care plans differ in terms of individual health insurance coverage and the health resources.

So, it’s important to discuss these details in person with the Medicare broker to know the process.

Affordable Health Insurance Services

Get the best affordable insurance plans available for employers. Join our community of best Medicare for your organization and you may be eligible for enrollment discounts. Get detailed L.A care quotes instantly without giving access to your telephone or e-mail address.

Plans For All Budgets

Instant enrollment for members and their families with our safe, secure and fast online support service. Choose the best Medicare plan for employees and their family within minutes with our quick online process. We have health plans for all budget.

Use our online easy resource to help find the best L.A care plan for your organization employees. Call us today and get answers to all you queries regarding network plan, how to find a doctor with zip code, how will the members access the services, cost to add more people to the Medicare network, and more.

Relevant Statistics

  • Over 90% of businesses in Los Angeles offer group health insurance to their employees.
  • The average group health insurance premium in Los Angeles is $550 per employee per month.
  • Approximately 85% of individuals in Los Angeles with employer-sponsored health coverage are satisfied with their insurance plans.
  • More than 75% of businesses in Los Angeles with group health insurance offer dental and vision coverage as well.
  • On average, companies in Los Angeles spend 15% of their total payroll costs on group health insurance benefits.

General Facts

  • Los Angeles offers a variety of group health insurance plans for businesses and organizations.
  • Group health insurance in Los Angeles typically provides coverage for medical, dental, and vision services.
  • Employers often offer group health insurance as a benefit to attract and retain employees.
  • Group health insurance plans in Los Angeles can be customized to meet the specific needs of different organizations.
  • In Los Angeles, group health insurance helps ensure that employees have access to affordable healthcare options and preventive services.

For employers

The group insurance company provides flexible California health insurance and employee benefits suitable for every person. Employers can choose from all types of care services and life plans in addition to vision or dental care.

Call today to know if you qualify for a healthcare plan service discount. L.A Care is proud to join Covered California TM who offers affordable healthcare coverage for residents of Los Angeles County. Check our online resources to know more about the enrollment process.

Online Group Insurance Services and Employee Benefits Resources

Common Questions Asked on Insurance Plans in Los Angeles, CA

How to get a group health insurance in Los Angeles, California?

We offer a wide range of health insurance plans in California. We are a broker offering group healthcare plans with most health insurance and life insurance providers. From Los Angeles to San Diego to San Francisco and anywhere in between, our agents can find the right plan for you.

We have access to all leading California insurance carriers. Just let us know your address or zip code in California and we will provide the best options for your company. We also remind you when you need to pay for renewal of the policy.

How to find California Health Insurance Companies Offered on the California Health Exchange?

California state could ban people who have no basic healthcare resources. We are the top insurance broker to help you find affordable health insurance according to your financial budget. Additionally there can be fines against anyone having insufficient healthcare coverage to pay for diagnosis and treatment.

Why get a small group health insurance coverage?

There are several reasons to consider getting small-group health insurance coverage for your business:

1. Cost savings: Group health insurance plans often offer lower premiums and better coverage options than individual plans, making them a cost-effective option for both employers and employees.
2. Attract and retain talent: Offering health insurance coverage can help attract top talent to your business and retain current employees by providing valuable benefits.
3. Improved employee health and productivity: Access to health insurance can help employees stay healthy and address medical issues promptly, leading to improved productivity and reduced absenteeism.
4. Compliance with regulations: In some states, businesses with a certain number of employees must provide health insurance coverage. Offering a group health insurance plan can help ensure compliance with these regulations.
5. Tax benefits: Small businesses may be eligible for tax credits or deductions for offering health insurance coverage to employees, providing additional financial incentives.

Providing small-group health insurance coverage can benefit employers and employees by promoting wellness, financial security, and overall satisfaction in the workplace.

What are the key benefits of Los Angeles Group Health Insurance for small businesses?

Key benefits of Los Angeles Group Health Insurance for small businesses include cost savings, access to better coverage options, improved employee retention and morale, and compliance with healthcare regulations. 

How can companies reduce their premiums for Los Angeles Group Health Insurance?

Companies can reduce their premiums for Los Angeles Group Health Insurance by implementing wellness programs, offering high-deductible plans, shopping around for competitive rates, and negotiating with insurance providers for discounts. They can also consider self-funding options or joining a larger group for better rates.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Los Angeles, California

Here are answers to some frequently asked questions regarding health insurance coverage in Los Angeles, California.

Which Large Group Health Insurance Providers Are in Los Angeles, California?

Taylor Benefits Insurance can link you with some of the country’s largest health insurance providers. When it comes to large group coverage, you can always count on us to get you a great bargain.

We cooperate with the insurance providers listed below:

  • Blue Cross
  • Blue Shield
  • eHealthInsurance
  • Humana Group
  • Kaiser Foundation Group
  • Unitedhealth Group
  • State Farm
  • Coventry Corp. Group
  • HIP Insurance Group
  • Carefirst Inc. Group
  • UHC of California
  • Metropolitan Group
  • HCSC Group

How Do Small Business Group Health Insurance Plans Work in Los Angeles, California?

There are a variety of health insurance options available to small business owners in Los Angeles.

Group health insurance is one of the most popular options. A specific health plan fee is paid by employers in order to provide health benefits to their employees and, in some cases, their families, a portion of which may be covered by employees.

A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is also an option for your company. Employees may receive a fixed sum of money from their employers in the form of incentives each month (at their discretion).

Group Coverage Health Reimbursement is also available. Employees would be offered health insurance as well as monthly allowances to cover other health expenses, for example.

Small businesses face risks from self-funded health insurance. In this plan, employees pay their medical bills or prescriptions to their employers. Instead of paying monthly premiums, companies pay their employees on a bill-by-bill basis.

AHPs are the last option on the list, and most small businesses find them risky. An AHP is implemented when smaller companies within an industry or location decide to contribute and purchase a large group health plan.

What Are the Different Health Benefits Offered in Los Angeles, California?

Taylor Benefits Insurance Agency offers the following benefit plans to Los Angeles, California employers and employees:

  • health coverage
  • dental coverage
  • vision insurance
  • Disability insurance, both short and long term
  • 401k
  • retirement & pension
  • section 125 cafeteria
  • HSA
  • life insurance
  • long term care
  • ACA (Affordable Care Act)
  • Corporate health insurance & employee benefits
  • large groups

How Much Do Employers Pay for Health Insurance?

Employees can make any amount of contribution to group health insurance programs. The average employee spends about $3240 annually, which is more than three times less than the average American’s yearly healthcare costs.

Which is the right plan for health care coverage in Los Angeles, California?

The right health care coverage plan in Los Angeles, California, will depend on individual needs, preferences, and financial situation. To find the best fit, it is recommended that you research and compare different health insurance plans offered by various providers in the area. Additionally, consulting with a licensed insurance agent or broker can help you navigate the options and make an informed decision.

Written by Todd Taylor

Todd Taylor

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.

We’re ready to help! Call today: 800-903-6066