- Providing world class service and value for employee benefit group plans since 1987
Missouri group medical insurance packages, uniquely designed to cater to a network of companies and their employees, are detailed on our comprehensive menu of options. These plans have different payment structures such as copay, deductible, and co-insurance options, all constructed with a keen eye on the varying healthcare needs of different staff members, much like a chef curate an inclusive, diverse menu to cater to every palette.
The quickest and easiest way to find the right collective healthcare and employee benefits plan is by working with a reputable agent or agency. After 25 years in the healthcare industry, Taylor Benefits, our Colorado-based firm, has been able to form close relationships with some of the best protection carriers in the nation, including HMO and PPO networks. We have assisted countless individuals, groups and states, provided an overview of the right information and helped them understand the nuanced details of their coverage.
Our vast experience in the healthcare industry, compared to the varied landscapes of multiple states, has made it possible for us to negotiate the cost of a flexible insurance program for your company. We consider every amount, tailoring each group coverage to fit the needs, resources and condition of each company. We also offer Medicare and Medicaid services, ensuring that no employee, regardless of their condition, is left out of pocket when it comes to their health coverage.
In Missouri, there are three additional requirements for insurers to provide, and our in-depth knowledge and overview of these details ensure the best possible benefit for all in the collective coverage. Any individual healthcare protection or large group plan in the state, whether it’s an HMO or PPO, must include bone marrow testing, reconstructive breast surgery following a mastectomy, and healthcare coverage for routine care necessary for involvement in clinical trials for cancer treatment.
The federal rules also specify affordability, highlighting the crucial information about income and out-of-pocket costs. The out-of-pocket costs, from deductible to co-insurance, plus the premium cost for the employee (for at least one plan option if they have a choice) can’t exceed 9.12 percent of their income. Moreover, the coverage must be intended to cover major medical coverage of at least sixty percent of the reasonably expected costs for a typical person, including those with pre-existing conditions.
Finally, a metal tier, color-coded like a spectrum of Colorado’s scenic panoramas, designates insurance packages: bronze, silver, gold, and platinum, with the higher value metal name indicating that the program covers a more significant percentage of the healthcare costs (and has a higher premium.) special enrollment period.
Small business owners aren’t obligated by the ACA or federal law to offer insurance coverage for their workers. However, if they choose to do so, they must ensure their health plans comply with all HMO and PPO regulations. Small businesses can access the assurance network, SHOP (Small Business Health Options Program) to obtain qualifying health packages that meet the minimum essential coverage and the additional Missouri coverage requirements.
If you provide a SHOP plan, you must offer it to all eligible employees (all full-time staff members or those working at least thirty hours per week). Also, at least seventy percent of your eligible workers must either enroll in small business medical protection or purchase private medical coverage, which could potentially lower their out-of-pocket expenses.
For small companies with fewer than 25 workers, tax credits may be available to support your administrative costs. These benefits can alleviate the financial burden, particularly if employees require care for pre-existing conditions.
Missouri doesn’t have any state-mandated benefits aside from employer-maintained workers’ compensation insurance coverage. Many companies, however, do provide desirable benefits such as sickness copay options and protection for pre-existing conditions.
One great way to attract and retain hard-working employees is by offering insurance and benefits with low rates, premiums and out-of-pocket expenses. The better the perks, the happier your workers will be, knowing that they can adequately care for themselves and their families.
Call 800-903-6066 to get a free consultation on Group Healthcare & Employee Benefits, and get every pertinent information you need, as well as an overview of our services.
One vital service we offer to our clients is to perform a yearly audit to ensure their plans meet the requirements of the Affordable Care Act. Part of this audit includes checking that HMO or PPO network services are compliant with local, state, and federal healthcare laws.
Give our office a call to learn more about all that we have to offer. Discuss your Missouri health insurance options, including HMO and PPO policies, and don’t hesitate to ask our licensed protection brokers any questions relating to your health care needs or inquiries about out-of-pocket expenses or pre-existing conditions. They’ll diligently assist you, offering top-notch customer service, to carefully create the right health package to present to your crew members. This program, offering flexibility and tailored to fit the specific needs of your workforce, will take into account a number of factors such as the size of your workforce, your employees’ dependence on the coverage, and eligibility prerequisites for your collective health plan. It’s not unlike ensuring your spouse and dependents are covered under a personal plan. Once you are satisfied with the results, we will provide you with your FREE estimate! This advice is part of our commitment to work effectively with our plan members.
Are you looking for Corporate Healthcare & Employment Provisions? Click the quote button to get an instant quote. Our team of individuals, comprising expert advisors and doctors, will be ready to provide assistance, ensuring you navigate through the myriads of groups and options within your area with ease.
Missouri’s market for large-group healthcare providers is complex, involving numerous fees and potential for loss if not navigated accurately. It can be challenging to purchase team medical insurance, but it’s not impossible. Some key events that will aid in the process include understanding your eligibility, your list of dependents, and your business size. The three largest health insurers in Missouri are Anthem Blue Cross Blue Shield, National General Benefits Solutions, and UnitedHealthcare. Each protection provider has a different number of customer service resources available, so let us help choose the best one.
The Affordable Care Act (ACA) has resulted in the availability of lower premiums for small businesses interested in collective health programs, possibly enhanced by specific tax credit benefits. Of course, the price depends on the services included, but small companies may be eligible for health policy for as little as $150 monthly premiums per person.
Imagine knowing that both you and your spouse are covered under the same program. Many employers provide employees with benefits in addition to their salary. They understand that individuals have different needs, so some of the most common employment advantages include life insurance, retirement plans, 401(k) plans, paid leaves, disability insurance, and medical packages. Some employers may also provide additional benefits to crew members and their families, including vision and dental insurance, legal assurance, pet insurance, and college debt relief.
Missouri’s market for large-team healthcare insurance providers is complex. It can be challenging to purchase team health protection that matches your needs. The three largest health insurers in Missouri are Anthem Blue Cross Blue Shield, National General Benefits Solutions, and UnitedHealthcare. The health assurance provider you choose can determine how much you spend on your employees’ insurance, so choosing the best one is important.
The Affordable Care Act (ACA) has resulted in the availability of lower premiums for small businesses interested in group health packages. Of course, the price depends on the services included, but small companies in Missouri may be able to obtain health insurance coverage for as little as $150 monthly premiums per person.
Many employers provide employees with benefits in addition to their salary. Some of the most common staff benefits include life insurance, retirement plans, 401(k) plans, paid leaves, disability insurance, and medical programs. Some employers may also provide other benefits to team members and their families, including vision and dental insurance, legal protection, pet insurance, and college debt relief.
In general, the cost of employee health insurance depends on several factors, including the insurer, the type of package, the location of the business, the plan’s features, and the employer’s contribution. Any company offering health protection (including the large employers that are obligated to do so) must ensure that the workers’ contribution is less than 9.12 percent of their gross income.
Group health insurance is a type of health coverage that employers provide to their employees. It typically offers a more affordable option than individual plans due to the group buying power. This insurance plan covers a group of people, such as employees of a company, under one policy.
Group insurance is typically provided by an employer or organization to cover a group of individuals, while individual insurance is purchased by an individual for themselves and their dependents. Group insurance offers lower premiums and simplified underwriting, but limited customization options compared to individual insurance.
The largest health insurance companies in Missouri include Taylor Benefits Insurance, Anthem Blue Cross Blue Shield, UnitedHealthcare, and Centene Corporation. These companies offer a wide range of health insurance plans to residents in the state, providing coverage for medical expenses and healthcare services.
In Missouri, a large group for health insurance is typically defined as having 51 or more employees. Large groups usually have more negotiating power with insurers, leading to potentially lower premiums and better coverage options. Understanding what is considered a large group for health insurance in Missouri can help businesses make informed decisions for their employees’ healthcare needs.
Large group insurance in Missouri typically covers organizations with 51 or more employees, offering more flexibility in plan customization and potentially lower premiums due to economies of scale. Small group insurance is for businesses with 2-50 employees, with fewer customization options and potentially higher premiums.
To be eligible for large group health insurance in Missouri, a business must have at least 50 full-time employees. The employees must work an average of 30 hours per week and be offered coverage within 90 days of their start date. Additional requirements may vary depending on the insurance provider.
In Missouri, the average cost of health insurance for large groups typically ranges from $500 to $700 per employee per month. Factors such as the size of the group, coverage options, and location can impact the final cost. To get an accurate quote, it’s best to consult with insurance providers directly.
In Missouri, offering large group health insurance requires compliance with state regulations, including providing coverage to groups with 50 or more employees, ensuring essential health benefits are included, and adhering to pricing and underwriting guidelines. Employers must also meet federal requirements outlined in the Affordable Care Act.
Health insurance benefits are crucial for attracting and retaining talent in Missouri because they provide employees with essential healthcare coverage, promoting their well-being and job satisfaction. Offering competitive health insurance packages can help businesses stand out in a competitive job market and retain skilled professionals in the long term.
The best wellness programs for large groups in Missouri include corporate wellness initiatives, group fitness classes, nutrition workshops, and stress management seminars. Companies like Taylor Benefits Insurance offer customizable programs to promote employee well-being and productivity.
Offering wellness programs to employees can result in tax benefits for businesses. Companies can potentially deduct the costs of these programs as business expenses, leading to lower taxable income. Additionally, providing wellness initiatives may qualify for tax credits under certain circumstances, further reducing tax liabilities.
Wellness programs can help reduce health insurance costs for large groups by promoting healthy behaviors, preventing chronic diseases, and lowering overall healthcare expenses. By encouraging employees to live healthier lifestyles, wellness programs can lead to fewer medical claims and lower insurance premiums, resulting in cost savings for organizations.
In Missouri, large groups seeking comprehensive dental and vision coverage can consider options like Taylor Benefits Insurance, Delta Dental and VSP Vision Care. These providers offer a range of plans tailored to meet the needs of organizations with a significant number of members, ensuring quality care and affordability.
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.
Todd Taylor with Taylor Benefits gives our small business the kind of personal service we need. Insurance benefits are important to our employees and Todd helps us find a balance between benefits and value. Todd responds immediately to my phone calls & e-mails. He has even gotten in touch with me on a Sunday when we were in need of coverage answers immediately. We are very pleased with the hands-on service Todd and his staff provide.”
-Ken and Linda Orvick, Orvick Management Group, Inc.
We’re ready to help! Call today: 800-903-6066