- Providing world class service and value for employee benefit group plans since 1987
We are not locked into offering plans from a specific carrier. As an independent health care protection agency, we offer group health packages that do not rely on any specific carrier.
Group health insurance plans in New Hampshire are designed to provide affordable healthcare coverage to employees and their families. These group plans typically offer lower premiums than individual health insurance policies due to risk pooling. NH employers can choose from various group health insurance options, such as Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and High Deductible Health Plans (HDHPs). Each option has distinct advantages depending on the business size, employee demographics, and budget constraints. Taylor Benefits Insurance assists businesses in NH to evaluate and select the best group health insurance options, optimizing cost-effectiveness and comprehensive coverage.
Call Taylor Benefits today for a free consultation. Learn which health care plans, policies, and laws work in your favor in the “Live Free or Die” state. We also offer free consultations and estimates via a personalized quote form for free and minimum participation is required.
The Affordable Care Act had a significant impact on the requirements for health coverage plans provided by large employers to their workforce. The Act also affected the coverage that insurers must include. All qualifying group programs must offer at least these services (called minimum essential coverage benefits):
Ambulatory patient services (outpatient care)
Emergency services
Hospitalization, including surgical and medical
Maternity and newborn care, including delivery
Mental health and substance use disorder services
Prescription drugs
Rehabilitative services and devices
Laboratory services
Preventative and wellness services, including chronic disease management
Pediatric services, including dental and vision care for children under the age of 19
Small businesses (those with fewer than fifty full-time workers) don’t have a requirement under the Affordable Care Act to offer healthcare insurance, but they can if they choose to. The U.S. Bureau of Labor Statistics reports that half of the small companies provide medical protection through the company.
Many companies also pay a portion of the premium for the employees and sometimes for their dependents through family programs. The ACA created SHOP (Small Business Health Options) to assist these firms in creating and managing their healthcare programs. In addition, eligible companies may receive a tax credit to reimburse them for some of the costs involved in providing small business health insurance coverage.
Taylor Benefits Insurance is dedicated to simplifying the selection and management of group health insurance and employee benefits for New Hampshire employers. Our experienced consultants provide personalized support, identifying solutions tailored to the unique needs of each business. We offer unbiased advice, thorough market analyses, and strategic planning to ensure businesses in NH maximize their investments in employee benefits. Taylor Benefits Insurance also ensures regulatory compliance, helping businesses avoid penalties and optimize their employee benefit programs within legal requirements.
Group health insurance plans in NH must comply with specific federal and state regulations. These include mandates under the Affordable Care Act (ACA), requiring employers with 50 or more full-time equivalent employees to offer health insurance or face penalties. Additionally, New Hampshire-specific regulations mandate certain essential health benefits, including emergency care, maternity coverage, and preventive services. Staying compliant can be challenging; thus, businesses often partner with experienced brokers like Taylor Benefits Insurance, who provide guidance to navigate compliance smoothly and efficiently, protecting employers from costly fines and ensuring comprehensive coverage for employees.
If your workplace has 50 full-time staff members or fewer, New Hampshire’s Small Business Health Options Program (SHOP) can offer your health care benefits that comply with federal health care protection standards. Affordable health care is within your reach!
Developing an appealing benefits program for your staff depends on who your workers are and on your budget. Healthcare coverage and paid time off are usually the foundation of a program. New Hampshire doesn’t require paid time off, but many employers include some to motivate and reward the workforce. The state also lets the employer decide whether to offer unpaid time off for illness or holidays. If an employer allows either paid or unpaid leave, it must have a written policy describing the terms.
To add to the attraction for workers, the company may consider a retirement savings package. While these aren’t as common among small companies, workers value the opportunity to benefit from employer assistance with their retirement savings. There are reasonable options for establishing a 401(k) or IRA that your crews can contribute to for almost any company size. Supporting team members’ financial stability and wellness is a great way to enhance morale and deepen worker satisfaction.
Recent trends in New Hampshire highlight a growing emphasis on holistic and flexible employee benefit packages. Companies increasingly offer hybrid models combining traditional healthcare coverage with telehealth services, mental health resources, and wellness programs. Additionally, flexible spending accounts (FSAs) and health savings accounts (HSAs) are gaining popularity, allowing employees to manage healthcare costs efficiently and tax-effectively. Taylor Benefits Insurance stays ahead of these trends, continuously adapting our solutions to meet evolving market demands and employee expectations.
Selecting a reliable partner for managing your employee benefits and group health insurance is critical. Taylor Benefits Insurance offers extensive expertise in the New Hampshire marketplace, providing personalized, comprehensive solutions. Our dedicated support ensures employers achieve the ideal balance between cost control and employee satisfaction. We assist businesses through every step of the process, from initial planning and compliance checks to ongoing benefits administration and employee education. Trusting Taylor Benefits Insurance means choosing a knowledgeable, supportive partner committed to your organization’s long-term success.
By investing in strategic, comprehensive employee benefit programs and affordable group health insurance solutions, New Hampshire employers can significantly enhance workforce morale, improve employee retention rates, and position their businesses for sustainable success.
If you are ready to strengthen your employee benefits and group health insurance offerings in New Hampshire, Taylor Benefits Insurance is here to assist. Contact us today at 800-903-6066 to receive a customized solution tailored to your company’s needs and budget. Let’s build a healthier, happier workforce together.
New Hampshire’s most frequently asked health protection questions are answered in the following manner:
For companies with over 50 employees, large-group health insurance is ideal. You may find that the health insurance plan offers coverage at an affordable price with a substantial discount as you use it. Among its many benefits are the following:
There are numerous sorts of health packages available, depending on whether you are seeking for individual or collective coverage. The four you must be aware of are:
The ideal option type for you and your employees is determined by what you and your workers desire and how much money you are ready to invest. Here’s a quick rundown of the four most common types of Hampshire healthcare plans:
The most frequent are PPO (Preferred Provider Organization) plans. In order for claims to be reimbursed at the highest level, employees insured by a PPO must seek medical care from doctors or hospitals on the insurance company’s preferred provider list.
HMO is an abbreviation for “Health Maintenance Organization.” HMO plans provide a wide variety of health care services through a network of providers that either contract with the HMO exclusively or agree to provide services to members. Crews enrolled in HMO must generally choose a primary care physician (“PCP”) to provide the majority of their health care and refer them to HMO specialists as needed.
Plans that qualify for a Health Savings Account (HSA) are primarily PPO plans. HSAs allow individuals to save money, pre-tax, for future medical bills. HSAs are often replaced by Section 105 Healthcare Reimbursement Plans (HRPs) because of their benefits to employers.
Indemnity options allow members to handle their own health care and go to whatever doctor or hospital they like. The company then pays a certain percentage of the total charges. Crew members may be asked to pay for some services in advance and then seek for reimbursement from their insurance carrier.
New Hampshire healthcare packages at most workplaces cover prescription medication, doctor’s appointments, and surgeries.
Plastic surgery, for example, is not covered because it is considered unnecessary. Additionally, dental and vision coverage is not covered by most health assurance programs, so these two services must be obtained separately.
Regardless of their income, team members can contribute to team health protection programs. Employees pay around $3240 in healthcare each year, which is roughly three times less than the average cost in the United States.
Group health insurance is a policy purchased by an employer to cover medical expenses for employees and their dependents. It typically provides a cost-effective way to offer healthcare benefits to a group of people. Group health insurance plans often offer more comprehensive coverage at lower rates than individual plans.
Group insurance is typically offered through an employer or organization, covering a group of people under one policy. Individual insurance is purchased independently by an individual. Group insurance premiums are often lower, and coverage may be more comprehensive, but individual insurance offers personalized coverage options tailored to individual needs.
The main advantage of group insurance for businesses in New Hampshire is cost-effectiveness. By pooling employees together, businesses can secure better rates for health insurance coverage compared to individual plans. This helps companies save money while still providing valuable benefits to their employees.
Employees, along with their dependents, are typically covered under a group health insurance plan. Employers may also extend coverage to retirees or part-time workers. Group health insurance plans offer benefits to a group of individuals, providing comprehensive coverage at lower costs compared to individual plans.
In New Hampshire, a large group for health insurance typically consists of 51 or more employees. These larger groups often have access to more comprehensive coverage options and competitive rates compared to smaller businesses. Understanding what is considered a large group for health insurance in New Hampshire can help businesses make informed decisions when selecting insurance plans.
Group health insurance is the most commonly used type of insurance for group plans. It provides coverage for a group of people, typically offered by employers to their employees. Group health insurance helps spread the risk and lowers costs compared to individual plans.
In a group health policy, cosmetic procedures, elective treatments, and experimental therapies are typically not eligible for coverage. These exclusions are common in group health plans to control costs and ensure coverage for essential medical services. It’s important to review the policy details to understand what is covered.
In group health insurance, the main difference between a PPO and an HMO lies in their networks. HMOs require members to choose a primary care physician and obtain referrals for specialists, while PPOs offer more flexibility with out-of-network coverage and do not require referrals.
In New Hampshire health insurance, the main difference between a small group and a large group lies in the number of employees covered. Small groups typically consist of 1-50 employees, while large groups have 51 or more employees. Premium rates, plan options, and regulations may vary based on group size.
The best health insurance plan for small businesses in New Hampshire typically offers comprehensive coverage at competitive rates. Some popular options include Taylor Benefits Insurance, Anthem Blue Cross Blue Shield, Harvard Pilgrim Health Care, and Cigna. It’s essential to compare plans and consider factors like premiums, deductibles, and network coverage when selecting the right plan for your business.
Offering group health insurance in New Hampshire can provide tax benefits for employers, including deductions for premiums paid and potential savings through pre-tax contributions. By offering this benefit, businesses can attract and retain top talent while also enjoying tax advantages.
In New Hampshire, failing to provide mandatory benefits can result in penalties such as fines or legal action. Employers must adhere to state laws requiring benefits like workers’ compensation and unemployment insurance to avoid facing these consequences. Noncompliance can lead to financial repercussions and potential legal issues.
In New Hampshire health insurance plans, options for dental and vision coverage typically include standalone plans or as add-ons to comprehensive health insurance policies. Some providers offer specific dental and vision plans, while others may include these benefits as part of their overall coverage options.
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