Olathe Group Health Insurance & Employee Benefit Plans

Olathe group health insurance plans

Olathe KS Large Group Health Insurance Plans

Since the passage of the ACA (Affordable Care Act), any company with more than fifty workers must provide affordable, comprehensive insurance to their employees. Many already offered plans, but now they must document their compliance with the regulations. Companies must balance the employees’ needs, the company’s budget, the rules, and the costs. Health insurance is expensive everywhere, but employers must restrict how much employees pay as a percent of their pay.

One way to control the cost is to offer a High Deductible Health Plan (HDHP), which can be affordable when combined with a Health Savings Account. In 2022, the IRS minimum deductible for these plans is $1,400 for an individual or $2,800 for a family. If the policy’s deductible is lower, or if any services aside from preventive care can be paid before the deductible, the plan won’t qualify. However, these programs often have higher deductibles, which helps lower the cost for both employer and employee. For example, some deductibles reach the out-of-pocket maximum of $7,050 per individual.

The advantage of a Health Savings Account is that the subscriber pays for their medical expenses with pre-tax income. Also, suppose the employee (or employer) contributes money to the account in one year but doesn’t spend it. In that case, it rolls over indefinitely for future needs.

Olathe KS Small Business Health Insurance Plans

Small companies concerned about paying for health insurance because it costs so much may want to investigate other ways to help their workers.

One option is establishing a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). These accounts allow small businesses to facilitate an arrangement for their workers to use pre-tax funds for healthcare. The QSEHRA lets companies help without shouldering the administrative burden and risk of offering health insurance. Of course, the company can also contribute to the accounts, but that’s optional, and they can decide annually. Talk to your Taylor Benefits Insurance specialist about how QSEHRAs work.

Olathe KS Employee Benefit Plans and Employee Benefit Packages

Kansas employers don’t have to offer benefits besides the health insurance mandated by the ACA for large businesses. Paid sick time or vacation days are not required. Still, many companies recognize the value of providing benefits as a recruiting tool and to improve worker satisfaction. Those companies want to develop an attractive package.

Health insurance costs are high, but other perks can be cheap or even free. For example, suppose it’s feasible for a company to allow flexible scheduling. Employees appreciate the chance to change their schedule to meet their personal needs if the company doesn’t have a business reason for uniform hours. In that case, it may save money while providing a perk for workers. Similarly, some employees want to be allowed to work remotely, which may not cost the company anything.

The City of Olathe is the fourth most populous city in Kansas. This city’s economy is largely driven by the presence of industrial and commercial parks that have created employment opportunities for a huge section of the skilled work force. Although the unemployment rate in Olathe is down compared to the national average, employers looking to hire and retain the best talent are facing stiff competition. Most employers have turned to offering employee benefits as a way of improving their competitiveness.

Group Health Insurance and Employee Benefits

Employers who offer employee benefits packages especially group health insurance stand a better chance of attracting and keeping the best talent when it comes to recruiting in the city of Olathe. Thus, you will do well to reconsider your competitive strategy. Keep in mind that employees are keen on the kind of benefits that you offer so that employers who offer lackluster benefits will continue to experience a high turnover, as employees will be actively looking for a new role. Ultimately, for the majority of workers a good paycheck and a sound benefits plans is the reason they would choose to stay with an employer.

Dial 800-903-6066 and get free consultation on Olathe Group Health Insurance & Employee Benefit Plans

Who We Are

Taylor Benefits is a recognized group health insurance and employee benefits company with extensive experience and expertise in offering group health insurance and employee benefits plans. We have worked with hundreds of employers in Olathe since 1987 to create custom plans that are carefully crafted to help them increase their competitiveness. Our insurance agents leverage their industry knowledge to develop affordable and comprehensive plans that will improve your staff retention rate.

Olathe group health benefits and employee insurance plans

Insurance Products By Taylor Benefits

We offer the following health care insurance options from which you can create a custom plan that meets your unique needs:

  • Dental Insurance
  • Medical insurance
  • Vision insurance
  • Employee benefits and wellness plans
  • Group 401 (k) set up and servicing
  • Long-term disability insurance
  • Short-term disability insurance
  • Pension plans
  • Health savings plans (HSA)
  • Long-term care
  • Life insurance
  • Affordable Care Act (ACA) Compliance
  • Section 125 cafeteria plans
  • HMO and PPO

Are you looking for a Olathe Group Health Insurance & Employee Benefit Plans? Click the quote button to get an instant quote.

Why Taylor Benefits

At Taylor Benefits, we take advantage of being an independent health insurance broker to customize competitive benefits plans for you in the city of Olathe. We are not bound to follow insurance company policies thus, we can pick from various top insurance carriers to put together an acceptable and affordable plan. Our thorough understanding of the health care reforms helps us to ensure that your plans comply with the provisions of the Affordable Care Act (ACA). We are also focused on ensuring that you stay with a competitive carrier at the time of renewing your policy by conducting a market analysis.

Contact Us

Contact us today for free consultations with no obligation to purchase our group plans. Our insurance agents will take the time to understand your needs and craft a custom plan that meets them. Call us today on 800-903-6066.

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