Philadelphia Group Health Insurance & Employee Benefit Plans

Philadelphia group health insurance plans

Philadelphia PA Large Group Health Insurance Plans

  • In the close-knit community of our current economic state, reminiscent of the way a large, supportive family operates, with inflation on the rise, health insurance premiums seem to balloon alongside, often superseding other costs. A reality that slices into the family budget hard and reroutes valuable money towards these escalating premiums. Regardless, equipped with not just the right tools but also the required equipment, and the vast reserves of information readily available, companies are prompted by more than a sense of duty to provide comprehensive health care for their invaluable staff by offering affordable health plans. As strong providers in the family of healthcare, these companies navigate through the vast world of health insurance products that cater to a diverse range of needs in terms of type and size. This act of providing healthcare options is seen not just as a claims management strategy, but as a solution that enhances the well-being of their workforce, playing a pivotal role in employment packages. The transparency of this approach, akin to a straightforward site map, provides the answers employees seek and is further echoed by measures introduced by the Affordable Care Act, which cap the health insurance cost that employers can require their employees to pay. For 2023, this cap has been set at a fair 9.12% of an employee’s income, emblematic of the enduring commitment employers show toward affordable healthcare solutions.

    Swayed by the concerns and suggestions of internal specialists such as human resource leaders and financial officers who dedicate time and resources to manage the rising insurance costs, group insurers seek out alternatives, using methods like PPO and other cost-management procedures. Acting as the provider of solutions, the group coverage management employs companies that use diligent processes and cutting-edge equipment to maintain equilibrium in the company’s financial health and billing details, hence assuring that the financial burdens are managed appropriately.

    • Contracting directly with providers for coverage, although this may limit subscriber options.
    • Requiring pre-approval for inpatient hospital services unless it’s an emergency.
    • Providing and encouraging telehealth options for minor and routine issues that don’t require an in-person visit.
    • Incentivizing subscribers to use more cost-effective providers.
    • Sponsoring wellness activities and encouraging healthy habits like smoking cessation.
    • Charging different premiums to workers based on compensation so that those with higher salaries pay higher premiums.


Philadelphia PA Small Business Health Insurance Plans

Philadelphia’s extensive labour market encompasses the presence of small businesses that are often considered as the epitome of close-knit families, harboring a wealth of choices when deciding to provide health insurance to their team members. In the same way a parent provides for their family, these small businesses, armed with resources such as funds and necessary equipment, and with our firm as their dependable support, become the first-choice providers of healthcare products for businesses with less than fifty workers. They not only meet but often surpass the provisions of the Affordable Care Act or Medicare policies, thereby attracting top talent.

As the primary providers of healthcare in the family of their employees, employers are also charged with navigating through the complex terrain of enrollment forms and necessary paperwork – a process that often mirrors the challenge of deciphering a site map. Successful navigation of this paperwork maze qualifies many businesses for a tax credit based on certain criteria.

  • Employ fewer than 25 employees (seasonal and part-time are not included)
  • Pay lower average wages (currently set at less than $53,000 yearly)
  • Offer an eligible health plan from the Small Business Health Options Program or through a qualified broker like Taylor Benefits Insurance.
  • Subsidize at least half the cost for enrolled workers. The company does not have to share the cost for dependents.

When potential employees evaluate a position, they’re not just considering the pay but the comprehensive package – the difference in healthcare provided, much like the way tangible and non-tangible family resources are compared when making vital decisions. When deciding to accept an offer, these details, much like assessing valuable resources or products, become the answers to their questions, thereby adding to the overall image of the company, and enhancing its accessibility and attractiveness.

Philadelphia PA Employee Benefit Plans and Employee Benefit Packages

Philadelphia’s large group health Insurance functions independently, creating custom plans and providing a wide range of services. With independence comes the power to cater to the unique needs of different business families, equip them with the right tools, operate without constraints by any carrier or plan, and manage their budget wisely. Passage of Obamacare and the introduction of a more structured federal exchange has provided the insurance providers with a well-organized site map to bestow the best plan possible to their client businesses.

One significant issue that mirrors a dysfunctional family system in Philadelphia health insurance is when community members, lacking proper coverage, avoid consulting doctors or specialists even when sick. This not only affects their personal health but also jeopardizes the overall health of the community, much like an untreated illness within a family. As we continue to strive for answers and solutions, using our resources and equipment, ensuring comprehensive healthcare on a secure network is our shared responsibility. In the face of burdensome taxes, hefty premiums, and the high medical costs associated with sudden health shocks, we are reminded of the critical need for reliable health insurance products to safeguard our community family within your budget. An understanding of terms like copay, deductible, pre-existing condition, and health insurance types such as HMO becomes essential in our quest for better healthcare.The ACA was designed to address this issue, including lowering prescription costs and providing a subsidy, but the reality is not every member of our society can afford it nor has everyone enrolled due to conditions. To provide an alternative, group insurance, one such type, has proven to be of immense value. Taylor Benefits Insurance, a steadfast entity providing a comprehensive suite of health insurance coverage, aims to lower the cost of your health insurance by offering group plans that cover a wide range of insurance options. Their customer service reputation is bolstered by delivering pragmatic health plan solutions, which they bring to life through their YouTube channel and their recognizable logo, all in line with the guidelines set by the regulatory bodies and employers.

  • Help with retirement planning, including contributions from the company
  • Dental and vision insurance
  • A flexible working schedule
  • Remote or hybrid work options
  • Childcare assistance
  • Tuition reimbursement

Philadelphia Group Health Insurance & Employee Benefit Plans

Philadelphia large group health Insurance is an independent insurance agency. We are not limited to, or regulated by, any carrier or plan locally, state-wide, or nationally. We write custom plans for groups seeking group insurance. As an independent agency, we have the ability to provide customized plans, based on our research of your needs, your competition, and the policies and laws in your state. We have over 25 years’ experience writing custom group insurance plans.

How Taylor Benefits Can Help You

Taylor Benefits Insurance also extends its advantage in the industry by offering free, no obligation estimates to those curious about different types of group insurance plans and rates. Whether you have a pre-existing condition or not, they believe fervently in the right to provide information that leads to informed decisions. Therefore, consider signing up for a group insurance plan that suits your unique needs with a wide variety of health benefits, all without worrying about any preliminary commitment.

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

We also offer all the typical group benefits in group insurance plans like:

Philadelphia group health benefits and employee insurance plans

Typical Problems with Group Insurance in Philadelphia

One of the main challenges with health insurance in Philadelphia (Pennsylvania) is the lack of coverage or access to choice providers when people fall ill. Without insurance, people often resort to using phone apps instead of visiting a medical specialist or visiting the pharmacy or the emergency room at hospitals. Such behaviors can not just prolong illness but also clog the healthcare system, burdening taxpayers with lofty treatment costs. The ACA, commonly known as Obamacare, was designed to combat this issue, but the truth is that not everyone can afford it nor has everyone enrolled. Don’t leave your health insurance coverage up to chance and subsidy; Taylor Benefits Insurance, identified by its distinct logo, works closely with Philadelphia residents to craft group plans tailored to their distinct needs, ensuring proper health coverage regardless of any pre-existing condition.

The Benefits of Taylor Benefits Insurance

Taylor Benefits Insurance extends its customer service suite by facilitating affordable group insurance plans covering a broad spectrum of health options. Young adults, through their employer’s network or their own small groups, can enjoy the advantage of accessing medical care, dental care, and vision care without straining their finances. The tough choice between opting for an individual health insurance plan, or managing daily expenses like rent and phone bills, is no longer necessary.

Are you in search of Philadelphia Group Health Insurance & Employee Benefit Plans? Click the quote button to get an instant quote right from your smartphone. Your prescription copay, deductible, and premium can be significantly brought down, adding value to your health benefits! Feel free to ask us any questions you may have about our plans.

Taylor Benefits Insurance offers group insurance plans to groups consisting of 50 individuals or more. Whether you’re a church member, a school faculty, or a university student, partnering with 49 other people can dramatically lower the cost of your health insurance and offer coverage for a pre-existing condition with no extra charge. That’s the power of group insurance!

Relevant Statistics

  • Over 85% of businesses in Philadelphia offer group health insurance to their employees.
  • The average cost for a monthly premium for group health insurance in Philadelphia is $225 per employee.
  • Approximately 94% of individuals covered by group health insurance in Philadelphia have access to dental and vision benefits as well.
  • Group health insurance plans in Philadelphia provide coverage for over 85% of prescription drug costs.
  • About 90% of employers who offer group health insurance in Philadelphia contribute an average of 75% towards the premium costs for their employees.

General Facts

  • Philadelphia offers a range of group health insurance plans for businesses and organizations.
  • Group health insurance provides coverage to a group of individuals, typically employees or members of an organization.
  • These plans offer comprehensive medical coverage, including doctor visits, hospital stays, prescription drugs, and preventive care.
  • Philadelphia group health insurance plans often include options for dental and vision coverage as well.
  • Employers in Philadelphia are required to offer group health insurance to their eligible employees as part of the Affordable Care Act regulations.

The Taylor Benefits Promise

Furthermore, Taylor Benefits Insurance continues to uphold superior customer service by offering free, no obligation estimates to those keen on exploring a variety of group insurance plans and rates. Call our phone line with any queries or questions! There’s no obligation to buy and no payment required upfront. Consider signing up for a personalized group insurance plan that meets your unique requirements and enjoy the myriad of health benefits our suite of plans offers.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Philadelphia, Pennsylvania

When a client is hospitalized or needs financial assistance following medical treatment, a comprehensive insurance plan covers the medical costs. The US government is responsible for health care. A health insurance plan is required in Pennsylvania as a part of the Affordable Care Act. The Affordable Care Act, also known as Obamacare, is enabling Pennsylvania to use the federal exchange. The state has launched a state-run health insurance exchange in 2021, which allows the public to purchase health insurance. Typical questions from clients include:

In Philadelphia, Pennsylvania, Which Are The Health Insurance Providers That Cover Large Groups?

Companies with 51 or more employees are eligible to receive health insurance. If you have 51 or more employees in Philadelphia, Pennsylvania, you are considered a large organization. Here are some companies offering “The Athens of America” group health insurance:

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

Can You Tell Me How Much Small Business Insurance Plans Cost On Average In Philadelphia, Pennsylvania?

Numbers are everything in insurance. A few hundred dollars can get you a health plan through your employer. People seeking Small Business Groups Insurance Plans may have easier access to them thanks to the Affordable Care Act (ACA).

The average cost of small business health insurance for Pennsylvania businesses is $151 per employee. Employee age and gender influence the price.

In Philadelphia, Pennsylvania, What Kind Of Benefits Should Be Provided To Employees As Part Of Their Benefits Packages?

Employers are essential to a business’s success. A comprehensive health insurance plan is a great way to show your appreciation. They will know they are in good hands.

Offering such incentives may help you recruit qualified candidates. Educated job applicants consider the importance of an employee benefits package that is cost-effective and comprehensive. Stay ahead of your competitors by offering one of the most comprehensive employee benefit plans.

Standard employee benefits such as health, dental, disability, critical illness, vision, and death insurance are included in a comprehensive employee benefits package.

On Average, What Is The Cost Of Employee Benefits?

Your benefits package may differ based on your employment status. In this regard, there are no right or wrong answers. The premium you pay will depend on the needs of your workers. Philadelphia, Pennsylvania has an average employee benefits package costing over $1000 a year.

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