Murfreesboro Group Health Insurance & Employee Benefit Plans

Murfreesboro group health insurance plans

Murfreesboro is the fastest growing city in Tennessee and the fastest growing city in the country. It is also the county seat of Rutherford County that provides a quality of life that attracts growth. It is set to become Tennessee’s business address with a wide array of residential and commercial development options. Employers in this city can tap into the skilled work force by offering comprehensive group health insurance and employee benefits.

Murfreesboro TN Large Group Health Insurance Plans

Large employers (defined by the ACA as companies with fifty or more workers) must offer their employees and dependents a healthcare plan that meets the minimum affordability and coverage standards. The coverage standard is universal, but the affordability provision applies only to the employee, not the dependents. In addition, employers who do not offer health insurance may have to pay a shared responsibility penalty. The subscriber portion of the cost can’t exceed 9.12 percent of gross income for 2023.

The IRS may charge the ALE (applicable large employer) a penalty if the company doesn’t offer insurance to at least 95 percent of its workers and their dependents. Children up to age 26 are dependents, but spouses and foster or stepchildren are not. Also, companies won’t be hit with a penalty unless at least one of their employees receives a premium tax credit for buying insurance through a health insurance marketplace. Employees aren’t eligible for marketplace credits if the employer plan meets affordability and coverage standards.

Murfreesboro TN Small Business Health Insurance Plans

Small companies face significant challenges dealing with the rising cost of insuring their workers. One popular option is a High Deductible Health Plan (HDHP) which can be paired with a Health Savings Account. A plan can use an HSA if the deductible meets IRS standards. The HSA allows the subscriber to pay for medical expenses using pre-tax funds. In 2023 the minimum deductible is $1,500 for an individual or $3,000 for a family. Many are much higher, with a deductible that matches the out-of-pocket maximum, which can’t exceed $7,500 per individual or $15,000 for the family.

2023 contributions to HSAs can’t exceed $3,850 for an individual or $7,750 for a family. In addition, any funds in the account that are not used in one calendar year can roll over indefinitely (even into retirement.)

Murfreesboro TN Employee Benefit Plans and Employee Benefit Packages

Building an attractive benefits program for a company in Murfreesboro may include a health insurance plan, a PTO policy, and other benefits like retirement help, dental insurance, vision coverage, tuition reimbursement, and childcare support. A top-quality benefits package can make a difference to top-quality workers considering your offer. Your Taylor Benefits Insurance specialist can help you by offering information about the preferred components and how to maximize your benefits budget.

Group Health Insurance and Employee Benefits

Creating a positive work place culture with loyal and healthy employees can safeguard the bottom line of your business. Providing employee benefits can contribute to the overall productivity of your work force. Specifically, including health care coverage is critical to improving employee morale and lessening stress. When your staff are absent for a long period due to illness, it can increase the level of stress experienced by the other employees that have to cover the extra workload. When your employees have health insurance, it goes a long way in minimizing workplace disruption.

Who We Are

Taylor Benefits has been transforming the healthcare insurance industry in Murfreesboro for the last 30 years. We are a household name in group health insurance and employee benefits plans that are comprehensive and affordable. Our policies are versatile as they are handpicked exclusively for your company. We strive to offer top notch service so that you always have an agent to help you with all your insurance needs. Our licensed insurance agents are committed to ensuring that your plan adheres to the ever changing health care reforms. We can also offer you Cobra administration through a third party agent.

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

Who We Are

Taylor Benefits has been transforming the healthcare insurance industry in Murfreesboro for the last 30 years. We are a household name in group health insurance and employee benefits plans that are comprehensive and affordable. Our policies are versatile as they are handpicked exclusively for your company. We strive to offer top notch service so that you always have an agent to help you with all your insurance needs. Our licensed insurance agents are committed to ensuring that your plan adheres to the ever changing health care reforms. We can also offer you Cobra administration through a third party agent.

Murfreesboro group health benefits and employee insurance plans

Insurance Products By Taylor Benefits

We offer the following group health insurance and employee benefits plans:

  • Group health insurance plans
  • Vision insurance
  • Dental insurance
  • Medical insurance
  • Affordable Care Act (ACA) compliance
  • Employee benefits and wellness plans
  • Group retirement plans
  • Group pension plans
  • Health savings plans (HSA)
  • 401 (k) plans set up and servicing
  • Long-term care plans
  • Section 125 cafeteria plans
  • Murfreesboro large group health insurance

Are you looking for a Murfreesboro Group Health Insurance & Employee Benefit Plans? Click the quote button to get an instant quote.

Get In Touch

Get in touch with us to receive free consultation on your group health insurance and employee benefits plan for your company in Murfreesboro. Call us on 800-903-6066 to talk to our licensed agents. We can also give you a customized proposal that is guaranteed to meet your group insurance needs.

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.

We’re ready to help! Call today: 800-903-6066