Mississippi Group Health Insurance & Employee Benefit Plans

Mississippi group health insurance plans
As a business trying to grow and expand in profit, it might be in your company’s best interest to offer group health insurance and employee benefits. This has been proven to help businesses of all sizes attract and retain qualified employees. By going through an insurance broker, you can find exactly what you need in a group health and benefit plan.

At Taylor Benefits Insurance Agency, we’ve been writing out group insurance plans for nearly 30 years. Our history in the industry has helped us form relationships with some of the top insurance carriers in the nation. Due to our large network of carriers, we have the ability to modify plans as necessary and even to negotiate the costs. We aim to get our clients the best possible insurance package for their employees while offering them at the lowest rates and premiums.

Mississippi Large Group Health Insurance Plans

Large employers in Mississippi can choose how they want to offer large group insurance to their employees to comply with the ACA and provide valued coverage. Since insurance is a significant expense for many businesses, holding the line on costs can be an incentive to consider nontraditional options like an HMO (health maintenance organization) or PPO (preferred provider organization.) These programs require subscribers to obtain service from a specific group of medical providers, usually called a network. In the case of an HMO, the subscriber must choose a primary care coordinator to manage their access to specialists. Also, suppose the subscriber seeks care using a provider outside the network. In that case, the plan won’t pay for it unless it’s an emergency. With a PPO, the patient may not need a primary care physician and can usually obtain out-of-network care, but at a higher cost.

Some businesses offer POS (point of service) plans, which are considered a hybrid model, combining aspects of other service structures with greater flexibility.

Mississippi Small Business Health Insurance Plans

Small Mississippi companies are not required to offer health insurance to their employees (if they have fifty or fewer). However, if they want to provide the coverage as a benefit, the ACA has some provisions to help. If they do, they must follow the rules for small businesses. One requirement is for minimum essential coverage, which is the same as the large companies must provide (see above for the components).

The insurance program must be offered to all workers in the company (not just managers or highly compensated staff). Finally, to receive the small Business Health Care Tax Credit, the employer must pay at least half of the premium cost for employees. However, they don’t have to pay toward the cost of dependents.

Small business owners may want to consult a broker like Taylor Benefits Insurance to evaluate plans. Small business group options are categorized as different tiers with metal name identifiers to help identify the value. Bronze plans, for example, have a lower premium but higher costs for service. In contrast, a platinum plan will have the highest premium but a lower price when the subscriber needs to use the coverage. In between are silver and gold.

Mississippi Employee Benefit Plans and Employee Benefit Packages

Employee benefits are sometimes thought of as the optional part of employee compensation. Benefits can include crucial components such as health insurance, life insurance, disability coverage, paid time off, and assistance with retirement savings. However, benefits can add less tangible elements like flexible scheduling, office culture, and personal support. Perks sometimes include things that workers take for granted, like free lunch and snacks, remote work, flexible schedules, a casual dress policy, or informal policies like a dog-friendly environment.

Often, workers prioritize tangible benefits like health insurance, paid time off, and retirement plans when evaluating benefits. But as many companies have learned during the pandemic, employees also want the company to be flexible. Workers who adapted to less-than-ideal working conditions may now expect leeway as they adjust to return-to-office requests. Resuming the commute while dealing with the renewed demands of school schedules and other commitments can be stressful. Large and small companies will benefit from offering flexibility and support if possible.

Our Employee Benefit Plan Options

  • Group health insurance plans
  • Medical, dental and vision insurance
  • Employee benefits & wellness plans
  • Disability insurance (short & long term)
  • Group retirement & 401(k) savings plans
  • Pension plans
  • Health savings plans (HSA)
  • Group life insurance and long term care
  • Section 12 cafeteria plans
  • ACA (Affordable Care Act)

Dial 800-903-6066 and get free consultation on Mississippi Group Health Insurance & Employee Benefit Plans


Here at Taylor Benefits we help our clients come up with a plan that satisfies their needs as well as the requirements set in the Affordable Care Act and other local, state and federal laws. Meeting these requirements qualifies your Mississippi business for tax breaks. It also helps you avoid penalties. To make sure your plan always meets the ever-changing laws stated in the act, we carry out a yearly audit. During the audit, we will make the necessary adjustments to keep your plan in line with government laws.

To learn more about our affordable group health and employee benefit plans, call in today to discuss your options with one of our licensed insurance brokers. After we help you tailor a plan, we will present you with a FREE quote!

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In case you have other questions, you may call us today. We would be happy to answer your inquiries.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Mississippi

How Do Large Group Health Insurance Plans Work in Mississippi?

Large group health insurance plans are appropriate for firms with a large number of employees that require coverage. It simplifies the health insurance procedure to assist Mississippi firms in providing the same insurance benefits and coverage at a low cost to all of their employees. The participation of at least 70 percent of your employees is required for large group health insurance to be effective and reduce costs for both employers and employees. If you select a large group insurance plan, your insurance provider may give savings on their standard premiums.

How Do Small Business Group Health Insurance Plans work in Mississippi?

Small firms purchase and offer small group health insurance plans to their employees. Individuals cannot purchase these group plans, which require a minimum of 70% participation to be legitimate. Due to differences in terms and conditions, insurers, and plan pricing, no two insurance plans for distinct groups can ever be identical. Alternatively, employees have the option to opt out of the group plan. In addition, the small group plan can be subdivided into tiers, allowing employees to choose between basic and advanced add-ons with premium fees shared between both parties. At an additional expense, group health insurance packages may cover employees’ immediate family members or dependents.

What Benefits Can Employers Offer in Mississippi?

Companies in Mississippi typically provide health insurance that covers the majority of medical treatments and supplies, including prescription drugs, doctor’s visits, and procedures.

For example, plastic surgery is not covered because it is considered superfluous for the employee. Most health insurance policies do not cover dental and vision care. Therefore, dental and vision coverage must be obtained individually.

How Much Do Employee Benefits Cost on Average in Mississippi?

In 2018, employee benefits comprised 32% of total employer pay costs in the United States. However, the majority of the typical cost of your benefits is dictated by the perks your employer offers. All employee perks include health insurance, with yearly premiums ranging from $5,000 to $30,000 depending on the kind of plan and carrier. The majority of firms also provide retirement plans with matching payments ranging from 2% to 6% of your salary. Common employee perks include disability insurance, which can cost between $2,000 and $5,000 per year. The average total cost of your employee benefits is computed based on the benefits contained in the package.

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