Oklahoma Group Health Insurance & Employee Benefit Plans

With over 25 years experience, Taylor Benefits Insurance is the leading provider of group healthcare and benefit plans in Oklahoma.  We offer customized plans created specifically for your company’s needs guaranteed to be both comprehensive and affordable.  Taylor Benefits Insurance is an industry expert, and we channel that knowledge and efficiency into making sure your business has the best available group wellness and healthcare benefit plans.

Oklahoma Large Group Health Insurance Plans

The ACA requires businesses with more than fifty employees in Oklahoma to provide health insurance to their workforce. ACA rules also eliminated restrictions on coverage for pre-existing conditions, which previously prevented people from accessing treatment for some illnesses if they switched jobs or insurance plans. The ACA also requires insurance companies to allow dependents to remain on their parent’s policies until they reach the age of 26 and eliminate lifetime benefit caps. Finally, the ACA requires that policies meet an affordability standard. The premium share for the subscriber can’t be higher than 9.6 percent of their gross income for individual coverage. In addition, every policy must include these essential benefits:

  1. Ambulatory patient services (outpatient care)
  2. Emergency services
  3. Hospitalization, including surgical and medical
  4. Maternity and newborn care, including delivery
  5. Mental health and substance use disorder services
  6. Prescription drugs
  7. Rehabilitative services and devices
  8. Laboratory services
  9. Preventative and wellness services, including chronic disease management
  10. Pediatric services, including dental and vision care for children under the age of 19

Most large companies already offered health insurance before the ACA. Still, the reforms around pre-existing conditions and lifetime benefit caps have been significant for some individuals.

Oklahoma Small Business Health Insurance Plans

The Oklahoma Health Care Authority created Insure Oklahoma to assist small and medium-sized companies with providing health insurance to low-paid workers. Companies with up to 250 employees that offer a qualified plan and pay at least 25 percent of the premium for their workforce can use the Insure Oklahoma options. Companies can buy small business health insurance plans from a broker like Taylor Benefits Insurance. The premiums that workers pay are restricted by their gross income if they are within the income guidelines for the program. Oklahoma is incorporating this in its overall effort to improve the delivery of health care services to its population.

Oklahoma Employee Benefit Plans and Employee Benefit Packages

Employee benefits are recognized as a vital aspect of employee compensation. Workers evaluate the difference in offerings when comparing job opportunities. Benefits can include crucial components such as health insurance, life insurance, disability coverage, paid time off, and assistance with retirement savings. Employers must provide health insurance if they have more than fifty workers, but other benefits are optional. The ones that employees put highest on their wish lists are:

  • Paid time off (vacation, holiday, and sick leave)
  • Family leave
  • Retirement support
  • Dental and vision insurance
  • Flexible working schedules
  • Childcare support

Unlike traditional insurance providers, Taylor Benefits works independently, which allows the opportunity to offer you truly tailor-made plans with you and your employees’ best interest in mind.  We will work with your budget to figure out the ideal insurance scenario that will keep your company completely in compliance.

Healthcare reform is a hot topic, mostly because the industry is constantly undergoing changes, so we promise to keep abreast of these updates and can serve as an unparalleled resource, clearing up any confusion and answering any questions you may have.

Call us today at the number on the top of the page for a FREE estimate and available group benefit options in Oklahoma or complete the simple form on the right for a no obligation, customized proposal for your Oklahoma-based business.

Oklahoma group health insurance plans

We currently offer:

What does the Affordable Care Act mean for your Oklahoma business?

The Affordable Care Act, nicknamed Obamacare, completely turned the healthcare marketplace upside down.  It allowed individuals who were previously uninsured an opportunity to purchase or qualify for healthcare at a discounted rate.  Of course, the flip-side is that it changed the way insurance was provided by employers as well.  Oklahoma-based businesses were especially affected by this reform.

Similar to only two other states (Texas and Wyoming), Oklahoma relies on the federal government (versus state regulators) to review healthcare rates and plans offered.  Unfortunately, this means that approval can take a long time, in the meantime, leaving too many residents of Oklahoma without insurance.  Taylor Benefits offers the unique opportunity to completely avoid dealing with the exchange and be provided with an ACA compliant package that meets your company’s needs while staying well within the employer’s budget.

If you need this type of attentive insurance assistance and are operating a Oklahoma-based business, please complete the form on the right or call the number at the top of the page for a FREE, customized proposal guaranteed to meet your needs exactly.

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

When a client is hospitalized or needs financial assistance after medical treatment, a comprehensive insurance plan covers medical expenses. Health care in the United States is a federal requirement. In Oklahoma, there is no law requiring employers to provide employees with group health insurance. Still, many employers offer health insurance as an employee benefit. State law requires employers who provide benefits to provide insurance that covers specific benefits. The following questions are frequently asked by clients:

In Oklahoma, what are the largest health insurance companies?

Large Group Health Insurance is available to companies with 51 or more employees. The state of Oklahoma considers you a large organization if you have 51 or more employees. Companies offering Group Health Insurance for “Native America” include:

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

What’s the Cost of Insurance for Small Business Insurance Plans Oklahoma?

Insurance is all about numbers. Your employer can provide you with a health plan for a few hundred dollars. Due to the Affordable Care Act (ACA), people looking for Small Business Groups Insurance Plans may find them more easily. 

In Oklahoma, a small business group insurance plan is expected to cost on average $106. This is based on the cheapest plan available.

What Should Employee Benefits Packages Include in Oklahoma?

Businesses cannot function without employees. The best way to appreciate your employees is to offer them comprehensive health insurance. That way, they know they are being taken care of.

It may be possible for you to recruit qualified candidates by offering such incentives. An employee benefits package that is comprehensive, low-cost, and comprehensive is one of the most important factors that educated job applicants to consider. Providing one of the best employee benefit plans and health insurance can help you stay ahead of your competitors.

Among other benefits, a good employee benefits package might include standard health, dental, disability, critical illness, vision, and death benefits.

How Much Do Employee Benefits Cost on Average?

Depending on your employee benefits package, you may receive different coverage. There is no right or wrong answer here. It all depends on your workers’ needs and how much premium you are willing to pay. The average Oklahoma employee benefits package costs $553.48 monthly.

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