- Providing world class service and value for employee benefit group plans since 1987
At Taylor Benefits Insurance, we offer customized Minnesota Group Health Insurance & Employee Benefits Programs designed specifically for your business. As a trusted group health insurance broker in Minnesota, we make the process straightforward and tailored to your company’s needs. Our solutions combine professional expertise, advanced features, and user-friendly tools, simplifying the process of choosing the right insurance coverage for your employees. Every plan we craft is tailored to match your unique business requirements and financial goals, providing the flexibility your team needs to thrive.
For over three decades, Taylor Benefits Insurance has been a trusted leader in the industry, offering an extensive selection of group medical coverage and employee benefit options not only across Minnesota but nationwide. Our long-standing reputation is built on competitive plans, superior customer service, and an efficient enrollment process. Whether you prefer PPO, HMO, or customized self-funded plans, as group medicare insurance broker we provide solutions that deliver both value and flexibility.
Our licensed brokers boast sharp negotiation skills and comprehensive knowledge of the healthcare protection and staff benefits options available. One of our distinguishing features is our large network of medical policy companies we work closely with. This gives us the advantage of flexibility, helping you lower your deductible, manage your copay costs, and creating a health plan bespoke to your company’s needs and the needs of your workers.
Choosing the right large group health insurance broker Minnesota insurance involves finding a balance between comprehensive coverage and cost-efficiency. At Taylor Benefits, we help you navigate important decisions related to ACA compliance, affordability standards, and essential health benefits. In addition to federally required coverage, Minnesota mandates additional benefits including:
Many large employers in Minnesota choose self-funded insurance plans for greater financial control and potential cost savings. Self-funded arrangements offer flexibility, allowing you to manage company resources more effectively. By opting to self-fund, your business could lower costs by avoiding certain state premium taxes, potentially saving two to three percent overall.
Our experienced team at Taylor Benefits can assist you with third-party claim administration, ensuring professional handling of claims while preserving your cash flow. We’ll guide you through the advantages and considerations of self-funded plans, empowering you to make informed decisions that suit your business.
Taylor Benefits also supports Minnesota’s small businesses through the ACA’s SHOP Marketplace, which offers specialized plans ideal for businesses looking to provide health and dental coverage to their employees. SHOP gives small business owners the flexibility and affordability they need, available throughout the year.
Alternatively, small businesses can choose Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), allowing them to contribute pre-tax funds towards their employees’ medical expenses, such as premiums and copayments. This strategy offers tax benefits similar to flexible spending accounts, enhancing employee satisfaction and retention.
Beyond healthcare, we recognize the increasing importance of retirement and financial benefits. Taylor Benefits helps Minnesota employers establish attractive retirement savings programs, including Health Savings Accounts (HSAs), 401(k)s, and IRAs. Even small businesses can benefit significantly from offering these employee incentives, fostering loyalty and long-term financial security for their workforce.
At Taylor Benefits Insurance, our licensed professionals have in-depth industry knowledge and strong negotiating skills to secure favorable terms for your business. As an experienced group health insurance broker Minnesota companies rely on, we maintain a vast network of reputable insurance carriers, allowing us to create highly customized plans designed specifically for your company’s unique needs. This network also helps manage deductibles and copayments effectively, ensuring that both your business and employees benefit from the best possible coverage.
We offer ongoing support, conducting annual reviews and audits to ensure your benefits package remains compliant with ACA, Medicare, and other regulatory requirements. Our meticulous approach helps your business avoid costly penalties while maximizing potential tax credits and incentives.
Healthcare protection for large teams of workers is defined as a policy that covers 50 or more crew members. There is no maximum number of participants for large-team medical solutions. All eligible employees receive the same medical coverage under large group packages, making plans straightforward and simplifying enrollment.
The minimum employee requirement for collective proposals isn’t as high as many small business owners believe. As a small business owner, you must have at least one worker to qualify for a small business healthcare protection solution. SHOP (Small Business Healthcare Options Program) offers resources and information for small businesses evaluating medical benefits options.
Employers often offer their employees benefits in addition to salaries. Life assurance, retirement benefits, paid leave, disability insurance, and health protection schemes are the most common crew benefits. As a leading group health insurance broker Minnesota companies trust, including those based in Minneapolis, we help employers create tailored benefit packages. Depending on the company, employees and their families may have access to other perks, such as medical and dental insurance, legal coverage, pet insurance, and college debt relief.
In the United States, benefits account for nearly a third of eligible health care expenses, on average. However, the cost for any company depends on what benefits it chooses to offer, as well as the number of eligible staff members covered. If you’re searching for a reliable group health insurance broker Minneapolis businesses depend on, our team is ready to help you navigate coverage options.
Minnesota requires certain benefits to be included in all health insurance plans, such as maternity coverage, mental health services, and preventive care. Including these mandated benefits can impact the overall premium cost because insurers must account for the additional services they are required to cover. While these requirements may slightly increase premiums compared to plans without the mandates, they also provide comprehensive protection for employees, ensuring that essential healthcare needs are covered without unexpected out-of-pocket expenses. The specific impact on your group plan premium will depend on factors like the size of your business, the plan type, and the carrier chosen.
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 just started working with Taylor Benefits and could not be happier. Todd gave us quite the education as well as some time saving tools to help us manage our HR and save money too. We are looking forward to a long relationship!”
-Carol, Accounting Manager, recruitment marketing company, Campbell, CA
We’re ready to help! Call today: 800-903-6066