Los Gatos Group Health Insurance & Employee Benefit Plans

Taylor Benefits – Affordable, Quality Group Insurance

Los Gatos group health insurance plans

One of the key factors that significantly affect employee happiness and satisfaction in the workplace, besides pay rate, is a quality benefits package. Taylor Online Benefits is an insurance broker that can offer comprehensive yet affordable employee benefit plans. We specialize in creating comprehensive group benefits packages that are tailored to meet your budget while providing the best possible coverage to your employees and groups.

Call our toll-free phone number, 800 -903-6066 and get a free consultation on Los Gatos Group Health Insurance & Employee Benefit Plans.

Before making a decision on behalf of your staff or group members, it’s important to understand the options available and what the differences are between them. Let’s take a look at some of the basics of group health insurance options that most insurance brokers offer in Los Gatos, CA.

HMO – Health Maintenance Organization

An HMO is a type of plan that limits your doctor choices to a network of physicians that are contracted within a certain organization (think Kaiser), often around a certain service area or job. You can still see medical professionals outside of your network, but typically at a much higher cost. HMOs require selecting a primary care physician, who then writes a referral for any specialized services.

PPO – Preferred Provider Organization

A PPO has a list of medical providers that they “prefer,” but you are not limited to only those doctors, nor is a referral required to see a specialist. Going outside of a PPO network usually means paying the full cost out of pocket, filing for reimbursement and a lesser benefit payment from the insurance.

HSA – Health Savings Account

An HSA is one way of offsetting the costs of a high deductible, especially for employers offering benefits. Sometimes, it’s more cost-effective to offer a high-deductible health plan in combination with an HSA account that offsets the costs of care for employees. Since HSA’s are tax-exempt, it’s a great way to cover qualified medical expenses without a huge out of pocket spend down. For information on yearly contribution limits, see this document from the IRS.

POS – Point of Service

A Point of Service plan is somewhat like a mix of an HMO and PPO. Like an HMO, employees choose a primary doctor from within a network. With a referral, however, patients can choose to see a healthcare professional outside the network without having to pay for the full cost out of pocket.

Los Gatos group health benefits and employee insurance plans

Business Resources For Group Benefits & Insurance

Fewer than 25 employees – Information for small businesses with less than 25 employees, including key changes and important aspects of the Affordable Care Act. Up to 50 employees – Similar resource as above, but for companies that maintain between 25 and 50 employees. For a company with more than 50 employees, see this linkCalifornia Business & Economic Development – The California Governor’s Office business site has information about economic development and job creation resources for business owners in the state.

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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.

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