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:
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:
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.
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!
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.
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!
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.
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!
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.
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.
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.
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.
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.
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.
Here are answers to some frequently asked questions regarding health insurance coverage 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:
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.
Taylor Benefits Insurance Agency offers the following benefit plans to Los Angeles, California employers and employees:
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.
We’re ready to help! Call today: 800-903-6066