- 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 insurance agency, we offer group health plans that do not rely on any specific carrier.
With regards to mandated inclusions to health care policies in New Hampshire, please see this resource from one of New Hampshire’s official websites for more information.
Call Taylor Benefits Insurance 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 insurance coverage plans provided by large employers to their workforce. The Act also affected the coverage that insurers must include. All qualifying group plans 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
In New Hampshire, insurers offer group coverage, and the services they are mandated to offer include:
Bariatric surgery for obesity and morbid obesity treatment
Bone marrow transplant and testing
Coverage for clinical trials
Off-label prescription drugs
Diabetes care management, including services and supplies
Durable medical equipment, including artificial limb and scalp hair prostheses
Reconstructive surgery following mastectomy (for all plans that cover mastectomy)
Small businesses (those with fewer than fifty full-time employees) don’t have a requirement under the Affordable Care Act to offer health insurance, but they can if they choose to. The U.S. Bureau of Labor Statistics reports that half of the small companies provide medical insurance through the company.
Many companies also pay a portion of the premium for the employees and sometimes for their dependents through family plans. 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 New Hampshire small business health insurance coverage.
Ask your Taylor Benefits Insurance consultant for more information.
Developing an appealing benefits plan for your employees depends on who your employees are and on your budget. Health insurance 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 plan. 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 employees can contribute to for almost any company size. Supporting employees’ financial stability and wellness is a great way to enhance morale and deepen worker satisfaction.
New Hampshire operated in the federal exchange when it comes to dealing with the Affordable Care Act. The federal exchange is a federal marketplace that regulates the cost of insurance plans to individuals and groups in the healthcare market.
Individuals and groups that apply for ACA-compliant health care plans are able to apply for federal assistance to lower their financial obligations. This means that you can save mone y by enrolling your employees in ACA-care today!
In addition, if your workplace has 50 full-time employees or fewer, New Hampshire’s Small Business Health Options Program (SHOP) can offer you health care benefits that comply with federal health care insurance standards. Affordable health care is within your reach!
Taylor Benefits understands the need for good, affordable, health care. With the introduction of the ACA, or Obamacare, we can provide it to New Hampshire residents and businesses. We can provide custom plans that meet the unique needs of your workplace and your employees.
For more information on employee benefits offered in the state of New Hampshire, please see this resource from the New Hampshire Department of Administrative Services.
New Hampshire’s most frequently asked health insurance 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 plans available, depending on whether you are seeking for individual or group coverage. The four you must be aware of are:
The ideal plan type for you and your employees is determined by what you and your employees desire and how much money you are ready to invest. Here’s a quick rundown of the four most common types of Hampshire health insurance 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 plan 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. Employees enrolled in HMO plans 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 plans allow members to handle their own health care and go to whatever doctor or hospital they like. The insurance company then pays a certain percentage of the total charges. Employees may be asked to pay for some services in advance and then seek for reimbursement from their insurance carrier.
New Hampshire health insurance plans 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 insurance plans, so these two services must be obtained separately.
Regardless of their income, employees can contribute to group health insurance programs. Employees pay around $3240 in healthcare each year, which is roughly three times less than the average cost in the United States.
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