North Carolina Group Health Insurance & Employee Benefit Plans

Taylor Benefits Insurance has 2.5 decades worth of experience and knowledge helping match clients to group insurance plans that work for them. Our insurance plans are unique in the healthcare marketplace since we write them ourselves, choosing not to rely on existing plans that limit our clients. Our plans are affordable and custom-designed to work best for you.

North Carolina group health insurance plans

The following services are available to our clients when they purchase a custom-designed plan.

Taylor Benefits Insurance is an independent agency providing group healthcare insurance plans to clients. As such, we are not regulated by the market to provide specific plans and we are not limited by specific insurance plan carriers. We are able to provide a wider range of options to our clients as a result, which make us more versatile, and our plans more open to customization, than other insurance providers.

Contact us today to discuss our group health insurance plans for North Carolina residents, and your goals for group health care insurance. We require no obligation or payment, and we will provide free estimates for your group. Get the coverage you need at the price you want with an independent insurance agency today!

North Carolina Large Group Health Insurance Plans

Large companies in North Carolina have choices when deciding how to satisfy the ACA requirements and provide health insurance for their workforce. Clearly, one important consideration is the cost. According to the well-respected Kaiser Family Foundation report on benefits, insurance costs continue to increase. Companies must keep the subscriber share below 9.6 percent of gross income to meet the ACA affordability standard, even as prices rise. On average, the cost of coverage has increased by 22 percent over the last ten years.

Some cost-saving methods include increasing the deductible and changing coverage options. Companies can choose a more economical delivery system, like a high deductible plan, which can be supported by a health savings account (HSA). In large firms, the percentage of workers with an annual deductible greater than $2,000 has grown from three percent to 22 percent since 2009. Also, many workers pay a portion of the service cost when they use it –called coinsurance. The payment might be a flat fee or a percentage of the charge and may vary depending on the type of visit.

Many large companies now self-fund their health care costs. That means that the employer pays the cost of their employees’ health services directly rather than buying an insurance policy. However, these companies usually use an insurer or third-party administrator to manage the programs and assure employee confidentiality. For some, it’s an excellent way to save money. In North Carolina, which has mandated benefits in addition to those required by the ACA, self-funding allows employers to customize benefits as they choose.

North Carolina Small Business Health Insurance Plans

Companies with fewer than fifty workers don’t have to provide health insurance under the ACA. However, companies that need to compete for talent in a tight job market find that one way they can stand out is by offering health insurance to their employees. It can be challenging since insurance coverage is expensive, and the costs frequently increase. Your Taylor Benefits Insurance consultant can provide some money-saving suggestions and help you identify and implement the best solution for your company.

Depending on the company size and the employee demographics, consider alternative service delivery structures, including a PPO, HMO, and POS program. PPOs (preferred provider organizations) are the most common plans by enrollment figures. As employers and insurers have worked together to manage costs, one helpful tool is a high deductible plan combined with a health savings account. Ask your consultant if this might be a good approach for your firm.

North Carolina Employee Benefit Plans and Employee Benefit Packages

North Carolina doesn’t require employers to offer any paid time off to workers. Of course, many employers grant time off as a benefit and recruiting tool. North Carolina insurance rules require that insurers cover several benefits in addition to those included in the ACA essential minimum:

  • Access to non-formulary drugs
  • Hearing aids coverage
  • Reconstructive breast surgery following mastectomy
  • Congenital anomaly, including cleft lip/palate
  • Diabetes care management
  • Off label prescription drugs coverage for use in cancer treatment
  • TMJ disorder treatment


North Carolina lacks state legislation regarding employer-supported retirement plans, but retirement savings assistance is among desired benefits for workers.

North Carolina and Group Insurance

Obamacare, enacted in 2010, has regulated the health care insurance field. While regulation is synonymous with limitation, especially when it comes to health care options provided to groups, as an independent agency, we can cultivate custom plans that compare positively against plans offered through Obamacare.

Taylor Benefits Insurance, due to its relative autonomy navigating the health insurance field, is able to provide better plans at lower prices than the competition. We do this by examining your business and comparing it to plans offered to similar businesses in your field. We then research relevant health care law, as well as your wants and needs for group health care insurance. We take all this information and compile it into a health care plan that works for your group.

To view the current group health care plans provided to North Carolina residents under Obamacare, please see this resource from the federal government’s

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in North Carolina

Many corporations and organizations acquire group health insurance coverage for their employees or members. However, despite a wide range of choices in terms of plan types and prices and insurers, and group sizes, individuals cannot enroll in group health insurance.

How Do Large Group Health Insurance Plans Work in North Carolina?

There are two types of health insurance plans: large groups and small groups. Large groups cover groups of over 50 employees. For large group health plans, there is no maximum number of employees. The term large group health plan refers to coverage for a large group of people, typically employees of an organization. A large group health plan spreads the risk of an insurer over a large group of people. Both insurers and policyholders benefit from this.

The features vary according to the insurance provider and the needs of the company or organization purchasing the program. To make the project successful, a high level of employee participation is usually required. In many cases, employees can decline coverage or accept it, and they can also choose what level of coverage they want. However, individuals cannot select these plans.

How Do Small Business Group Health Insurance Plans Work in North Carolina?

It is a sort of insurance that a company obtains for its workforce. Companies with less than 100 full-time employees can acquire small group health insurance in North Carolina.

Small firms that provide health insurance to their employees pay a set premium for the policy, which they may or may not pass on to their employees. Copays and deductibles are the employees responsible for using the services they are entitled to.

What Benefits do Employers Offer in North Carolina?

Many organizations go above and above what is needed by law to be socially responsible to their employees and provide additional advantages. Health insurance, life insurance, legal insurance, vision care, dental insurance, paid time off for you and your family, paid vacation and sick leave, paid sick leave. More are just a few of the many perks available to employees of large corporations.

How Much Are Your Employee Benefits Worth?

Using statistics from the US Bureau of Labor Statistics, one may get a good idea of the average cost of various employee benefits.

In addition to their average income and wage of $25.91 per hour, businesses spend $11.82 per hour to cover employee benefits for civilian workers. The average hourly wage is $37.73, the sum of all hourly wages.

It costs employers providing employee benefits an additional $19.82 per hour for state and government employees on top of their $32.62 hourly average pay. When all of these factors are included, the average hourly wage is $52.45

Workers in the private sector are paid an average of $24.82 per hour in wages and compensation, while employers spend an additional $10.53 per hour to cover employee benefits. The average hourly wage is $35.34, the sum of all hourly wages.

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