Nevada Group Health Insurance | Best Group Health Insurance in Nevada, NV

Nevada group health insurance plans

Nevada Large Group Health Insurance Plans

As an owner or manager of a company based in Nevada, it can be challenging for you to take the time out of your busy schedule to look for a comprehensive and affordable group health insurance coverage and benefits plan to offer your employees. On top of finding the right health plan, you must keep up with yearly audits and any changes made to healthcare reform regulations so you can ensure that your business is in compliance with the frequently changing policies.

Taylor Benefits Insurance Agency has over 25 years of experience helping businesses all over the nation obtain group insurance and benefits plans that are not only affordable but also attractive to employees. Having major medical coverage and low premiums is one of the best ways to attract highly qualified individuals to seek employment with your company. It is also a great enhancement to your retention efforts.

Large group health plan insurers in Nevada and across the country pass along cost increases to their client companies. Large companies have been reporting substantial price hikes this year. As we all know, insurance costs often drive inflation. Some employers pass the premium increases along to the workers. Still, some hesitate to increase the share that employees pay over concerns that employees may change employers. Of course, you also have to ensure that the employees premiums pay don’t violate the Affordable Care Act affordability requirements.

If your business is trying to hold costs and premium payments down, consult your Taylor Benefits Insurance representative to discuss options, including high-deductible plans and self-insurance. Many large employers use full or partial self-insurance to lower costs, increase cash flow, enhance flexibility, and customize offerings. However, some limit their risk by choosing a stop-loss policy to absorb the costliest claims. In most cases, employers choosing self-funding engage a third-party administrator to manage the process.

High deductible group health plans, together with HSAs (Health Savings Accounts), are another way to reduce the cost of health insurance. The plan must have an individual deductible of at least $1,500 and $3,000 for a family to qualify as a high-deductible plan. The maximum out-of-pocket expenditure is capped at $7,500 for an individual or $15,000 for a family. However, individual health insurance plans must cover preventive services separately from the deductible.

Nevada Small Business Health Insurance Plans

For Nevada small businesses that are hesitant to oversee a healthcare program for their employees, one alternative is a QSEHRA (Qualified Small Employer Health Reimbursement Account). Setting up and contributing to these accounts allows the company to help workers pay for healthcare costs without taking on the responsibility for small business health insurance. In fact, companies that offer insurance coverage can’t also provide a QSEHRA.

If the employer does offer the account, it must be available for all full-time workers. Reimbursement levels may vary based on the participants’ ages and whether dependents are enrolled.

Nevada Employee Benefits Plans and Employee Benefits Packages

In a tight job market like this one, companies must find innovative ways to compete for workers. Higher pay and signing bonuses are one way, but inflation takes a bite out of every hourly increase. Studies across the U.S., including in Nevada, show that workers care about their health benefits almost as much as they do about their pay. You can attract the talent you need with essential health benefits.

Start with the basics: health insurance, paid time off, and retirement assistance are crucial for a benefits package. Next, select additions to appeal to your workforce. For example, maybe you have a concentration of recent college graduates who would welcome help with student loan debt. Matching those loan payments is one increasingly popular way to support workers who are overburdened with debt and feel unable to contribute to their retirement plans. Or, if your employees are more likely to be parents with young children, consider a childcare subsidy or flexible spending account contribution.

Think creatively about how to add to employee satisfaction without spending heavily. For example, many employees want flexible hours and remote work options. Depending on your company’s needs, allowing workers to shift their schedules or work from a different location might not have a financial cost. But in return, you could reap the reward of an engaged, dedicated team.

Call 800-903-6066 for a free consultation on Nevada Group Health Insurance & Employee Benefits Plans.

Relevant Statistics

  • Over 90% of Nevada employers offer group health insurance to their employees.
  • Nevada has seen a 15% decrease in the number of uninsured individuals since implementing group health insurance mandates.
  • The average monthly premium for a Nevada resident enrolled in a group health insurance plan is $250.
  • Group health insurance covers approximately 85% of medical expenses in Nevada.
  • More than 75% of Nevadans with group health insurance report higher satisfaction levels compared to those without coverage.

General Facts

  • Nevada group health insurance provides coverage for a group of individuals, typically employees of a company.
  • It offers a range of benefits, including coverage for medical services, prescription drugs, and preventive care.
  • Group health insurance premiums are usually shared between the employer and the employees.
  • In Nevada, group health insurance plans must comply with state regulations and meet certain coverage requirements.
  • The availability and cost of group health insurance can vary depending on factors such as the size of the group and the specific plan chosen.

Health and Employee Benefits Available…


Not only will we help you create the perfect health insurance and employee benefits package, but we will negotiate with the carriers to get you the lowest possible rates. We’ll also perform yearly audits and make any changes to your health plan to ensure you’re always meeting the standards set by the ACA. This will help qualify your business for tax credit breaks and avoid potential penalties for employees that do not offer minimum essential coverage.

Call our licensed and experienced insurance agency today to learn more about what we offer. We’ll explain all the possibilities and help you come up with a suitable group health plan. Once we are certain you’re satisfied, we will present you with a no-obligation, FREE estimate.

Are you looking for a Nevada Group Health Insurance & Employee Benefits Plan? Click the quote button to get a personalized quote.

What are the differences between HMO, HMO balance, and POS plans?

HMO (Health Maintenance Organization) plans typically require members to choose a primary care physician (PCP) and obtain referrals from the PCP to see specialists. HMO plans also usually have a network of healthcare providers that members must use to receive service coverage.

HMO balance plans are a variation of traditional HMO plans that offer some coverage for out-of-network services, usually at a higher cost to the member. This allows members to see providers outside of the HMO network in certain circumstances, such as emergencies or when a specialist is unavailable.

POS (Point of Service) plans combine elements of HMO and PPO (Preferred Provider Organization) plans. Like HMO plans, members typically choose a PCP and need referrals to see specialists within the network. However, POS plans also offer some coverage for out-of-network services, giving members more flexibility in choosing their healthcare providers.

In summary, the main differences between HMO, HMO balance, and POS plans lie in their restrictions on network usage and coverage for out-of-network services. HMO plans have strict network requirements, HMO balance plans offer limited out-of-network coverage, and POS plans provide a mix of network and out-of-network coverage options. 

How do I take advantage of cost-sharing reductions and tax credits for health insurance in Nevada?

To take advantage of cost-sharing reductions and tax credits for health insurance in Nevada, you can apply through the Nevada Health Link website or seek assistance from a certified enrollment counselor. Provide accurate income information to determine your eligibility for these financial assistance programs. 

What is the cost of getting a large group health insurance coverage in Nevada? 

The cost of getting a large group health insurance coverage in Nevada can vary depending on factors such as the number of employees, the level of coverage, and the insurance provider. The average cost can range from $500 to $1,500 per employee per month.

How can I find affordable Nevada Group Health Insurance?

You can find affordable Nevada Group Health Insurance by comparing quotes from different insurance providers, considering different plan options, utilizing insurance brokers or online marketplaces, and taking advantage of discounts or subsidies. It’s also helpful to review the coverage and benefits each plan offers. 

Is Nevada Group Health Insurance mandatory for businesses?

No, Nevada does not require businesses to provide group health insurance for their employees. However, offering group health insurance can be a valuable benefit for attracting and retaining employees. It is ultimately up to the employer to decide whether to offer group health insurance. 

How does Nevada Group Health Insurance compare to individual plans?

Nevada Group Health Insurance typically offers lower premiums and better coverage than individual plans. Group plans also often have more comprehensive benefits and may include additional perks like wellness programs. Additionally, group plans are usually easier to qualify for and have more stable rates. 

Can I customize my Nevada Group Health Insurance plan?

Yes, you can customize your Nevada Group Health Insurance plan to fit the needs of your employees. You can choose from various coverage options, deductibles, and copayments to create the best plan for your business and employees. 

What factors determine the cost of Nevada Group Health Insurance?

The cost of Group Health Insurance is determined by factors such as the number of employees covered, the level of coverage selected, the age and health of employees, the business’s location, and the chosen insurance carrier. Other factors may include industry type and employee demographics.

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

Some frequently asked questions regarding health insurance coverage in Nevada are answered below:

Which Large Group Health Insurance Providers Are in Nevada?

Several of the top health insurance companies in the country are represented by Taylor Benefits Insurance. When it comes to large group coverage, we can get you a great deal every time.

Insurance companies we work with include:

  • Humana Group
  • Metropolitan Group
  • HCSC Group
  • Coventry Corp. Group
  • HIP Insurance Group
  • Carefirst Inc. Group
  • Blue Cross
  • Blue Shield
  • eHealthInsurance
  • UHC of California
  • Kaiser Foundation Group
  • Unitedhealth Group
  • State Farm

How Do Small Business Group Health Insurance Plans Work in Nevada?

The optimal plan type for you and your workers depends on what your needs include and how much you can spend. The most common types of health insurance group plans are:

1) Health Insurance Plans with PPO

Preferred Provider Organizations are the most prevalent type of health insurance plan. In order for employees insured by a PPO plan to benefit most from the plan, they must seek medical care from providers in the plan’s network.

2) Health Maintenance Organizations (HMOs)

HMO plans offer healthcare services through a network of providers who either contract with the HMO or work on behalf of the members. Every subscriber chooses a primary care physician (“PCP”) who refers the employee to specialists as needed. Typically, subscribers may only seek care outside the HMO in an emergency.

3) Health Insurance Plans That Are HSA-Qualified

Plans that can be used with a Health Savings Account (HSA) are commonly known as HSA-qualified plans. HSAs are types of bank accounts that enable individuals to save pre-tax money for future medical expenses. Some companies prefer Section 105 Healthcare Reimbursement Plans (HRPs) instead of Health Savings Accounts (HSAs).

4) Health Insurance Indemnity Plans

Employees with indemnity plans are free to choose their own doctors and hospitals. The insurance company will then pay a certain percentage of the total charges. Employees may be asked to pay for some treatments in advance and then seek reimbursement from their insurance carrier.

What Are the Different Types of Health Benefits Offered in Nevada?

The following benefit plans are offered by Taylor Benefits Insurance Agency to Nevada businesses and employees:

  • dental coverage
  • HSA
  • life insurance
  • vision insurance
  • health coverage
  • long-term care
  • retirement & pension
  • section 125 cafeteria
  • ACA (Affordable Care Act)
  • Corporate health insurance & employee benefits
  • Disability insurance, both short and long-term
  • 401k

How Much Do Employers Pay for Health Insurance?

Employer contributions for health insurance in Nevada continue to rise. The business often shares the cost with employees. Due to the ACA’s affordability standards, employers must ensure that the premium share passed to the worker doesn’t exceed 9.12 percent of their gross income.

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