- Providing world class service and value for employee benefit group plans since 1987
Taylor Benefits Insurance has been revolutionizing the healthcare insurance industry in Pennsylvania for over 25 years. We are the leader in group health insurance and provide the most affordable and comprehensive employee benefits packages. Not only do we offer versatile and comprehensive policies handpicked exclusively for your company, but we also offer around-the-clock, top-notch service, so you will always have an agent available to help with your insurance needs.
The ACA made many changes to health insurance for employees of large companies. While most companies already provided coverage to their workers, the ACA ensures that all plans meet specific standards for services and affordability. For example, the affordability requirement limits the amount of premiums that subscribers can be required to pay. The maximum is 9.12 percent of a subscriber’s gross income for individual coverage. That means that if an employee has a salary of $50,000, the maximum charge for their share is $4,560 annually.
Also, the ACA lists ten essential benefits that all plans must cover:
Pennsylvania added to this list with the following coverage requirements:
Employers can avoid those state-level requirements if they self-fund their healthcare coverage rather than purchasing insurance, but self-funding doesn’t grant an exemption from the ACA requirements.
Small employers aren’t required to provide health insurance for their employees. For many, the cost seems prohibitive. One reason is that per capita costs may be higher for small companies since insurers evaluate the risks in the employee pool to determine subscriber rates. Small companies may find affordable plans through the SHOP (Small Business Health Options) program developed as part of the ACA. Your Taylor Benefits Insurance consultant can help you explore potential options.
Pennsylvania does not require employers to offer paid or unpaid time off to workers. However, employees value their benefits packages, and many companies offer some time off to recruit and retain talent. In addition, paid time off and expanded family leave (often unpaid) are among the most requested benefits after health insurance.
When possible, employers may add other benefits, like retirement savings plans, life and disability insurance, dental and vision coverage, and more. Many employees value flexible scheduling, particularly if they are balancing family demands with work requirements. Companies may find it cost-effective to allow workers to shift their schedules or offer work-from-home options on request.
Taylor Benefits specializes in the following:
Taylor Benefits operates differently than most insurance providers by functioning as an independent agent. This allows us the unique ability to fully customize the perfect group package by drawing from any number of traditional insurance providers in order to get you the best deal possible.
Taylor Benefits Insurance also recognizes that insurance requirements are in near-constant flux in Pennsylvania. Because we understand the local conditions and regulations, we are able to offer unparalleled service to all businesses operating in this unique state.
Call us today at the number on the top of the page for a FREE estimate and available group benefits options in Pennsylvania, or complete the simple form on the right for a no-obligation, customized proposal for your Pennsylvania-based business.
The Affordable Care Act (ACA), casually called Obamacare, made it easier for the uninsured to receive comprehensive health insurance, but it also threw a wrench in the workings of many businesses. Previously approved programs no longer met federally-mandated minimums after the implementation, so companies found themselves scrambling to become compliant. Pennsylvania businesses were substantially affected due to the changes.
Taylor Benefits has been able to assist hundreds of businesses in Pennsylvania since the ACA emerged, and we continue to be the industry leader in group policies and employee benefits plans. Our first-hand knowledge of the law, coupled with our diverse resources, consistently allows us to create packages that are ACA-compliant without adversely impacting the company’s bottom line.
If you need this type of attentive insurance assistance and are operating a Pennsylvania-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.
In Pennsylvania, as is the case elsewhere in the US, a comprehensive health insurance policy is a tremendous relief for employees who need health care. Pennsylvania created a state-run health insurance exchange (Pennie) to assist employers and individual subscribers with accessing coverage and managing ACA compliance. Below are some frequently asked questions about Pennsylvania health insurance:
90 percent of Pennsylvania workers have employer-sponsored insurance available. For single coverage, the average company contribution is $5,878, absorbing 81 percent of the premium expense.
Health insurance for small businesses in Pennsylvania is offered by:
Among the benefits an employee may expect to receive in Pennsylvania are:
These options will help to protect and care for your employees and may assist you in recruiting and retaining high-quality workers.
Benefits often add around 30 percent to the cost of each employee. The amount a company invests depends on what benefit items it provides.
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