Raleigh Group Health Insurance & Employee Benefit Plans

Raleigh group health insurance plans

Raleigh NC Large Group Health Insurance Plans

For large Raleigh employers, providing benefits is an excellent way to attract top-quality talent to your business. Sponsoring health insurance also contributes to their physical and mental health. Many employers pay a portion of the insurance premium. Of course, under the Affordable Care Act, if you employ more than fifty workers, you must ensure that you offer a policy that satisfies the affordability and quality standards.

Still, employers have options when selecting health plans. You can choose a preferred provider or health maintenance organization, potentially helping workers reduce expenses. Because of the ACA requirements, every health plan must include specific essential component coverage in these broad areas:

  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

Raleigh NC Small Business Health Insurance Plans

The ACA exempts small businesses (those with fewer than 25 employees) from the mandate to provide health insurance. However, many prefer to help their employees obtain coverage. Companies can assist by sponsoring a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). The QSEHRA is a tax-advantaged savings account that enables employees to pay for medical expenses with pre-tax dollars. Some companies also contribute funds to their worker’s accounts, but that is optional. 

However, suppose a business implements a QSEHRA. In that case, it must be available for every full-time employee, not limited to specific groups within the company. Plus, if they have a QSEHRA, the company can’t add health insurance or a flexible spending account (FSA).

The employees must purchase ACA-qualified insurance to qualify for reimbursement with the QSHERA accounts. Workers pay for health care costs, then submit the expenses to the QSEHRA. If an employee doesn’t use the money in the account for one year, they can roll it over for the future.

Raleigh NC Employee Benefit Plans and Employee Benefit Packages

Employees across the board say they carefully evaluate pay and benefits when considering a job offer. As a result, many companies try to include at least health insurance and paid time off, which are always the most requested. Of course, large businesses must provide health insurance as part of their ACA mandate. Small companies don’t have the requirement but want to be competitive.

Depending on the company’s size and budget, it’s worth considering what will be most appealing to the workers if it can offer more. Employees often ask for the following perks:

  • Retirement support
  • Dental and vision insurance
  • Flexible working schedules
  • Childcare support (and elder care assistance)
  • Tuition reimbursement and student loan repayment

Taylor Benefits Insurance has been writing custom group healthcare insurance plans for over 25 years. Our clients are groups that are not satisfied with their healthcare plan offerings on the state or federal exchanges, or established insurance providers. Luckily, insurance plans written by independent agencies like Taylor Benefits are better. We are under no obligation to compete with plans offered through the federal exchange, and we are not in competition with insurance providers in your state.

Our plans are unique and custom-crafted to better serve the needs of our clients. Each client provides us with information regarding the benefits they require, and then we perform research to determine the best healthcare coverage for them. As a result, our healthcare plans are much more comprehensive and affordable than other plans on the market.

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

Benefits Offered Through Taylor Benefits Insurance

We offer the following essential health benefits in each of our group healthcare insurance plans.

We can add more benefits to your plan if you request them. However, most clients are satisfied with the essential benefits we offer.

Raleigh group health benefits and employee insurance plans

Typical Problems with Group Insurance in Raleigh

The future of Obamacare is politically and legally uncertain in North Carolina, and this affects all residents, especially those living in Raleigh. Although salaries are slightly higher in larger urban areas than smaller rural areas, the cost of urban living is usually much higher. With Raleigh residents paying an average $4,264 annually on their healthcare, healthcare may soon be unaffordable if Obamacare is repealed and replaced. Raleigh residents need a new option to receive the healthcare coverage and insurance they need, at prices they can pay.

Healthcare does not have to be expensive or limited. If you are purchasing healthcare insurance from an established insurance provider or through the federal exchange, you should consider if you can get a better deal elsewhere. Group healthcare insurance plans from experienced independent agencies are more affordable, and more comprehensive, than individual healthcare insurance plans offered locally.

Group Insurance is Best with an Independent Agency

Independent agencies with experience in writing custom healthcare insurance plans, like Taylor Benefits Insurance, can provide you with a more comprehensive, more affordable healthcare plan. Group healthcare insurance is significantly cheaper than individual insurance, especially in the last few years. Regardless of insurance providers hiking rates or the uncertain future of Obamacare, you can rest assured with a group healthcare insurance plan that the terms of your plan will not change. Stability and comfort are two traits we strive for in our group plans.

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

Relevant Statistics

  • Over 85% of companies in Raleigh offer group health insurance as part of their employee benefits package.
  • The average annual premium for group health insurance plans in Raleigh is $7,800 per employee.
  • More than 90% of employees covered under group health insurance in Raleigh have access to dental and vision benefits.
  • On average, group health insurance plans in Raleigh cover 80% of medical expenses, leaving employees responsible for the remaining 20%.
  • Approximately 95% of businesses that provide group health insurance in Raleigh report higher employee satisfaction and retention rates.

General Facts

  • Group health insurance in Raleigh provides coverage for a group of individuals, typically employees of a company or members of an organization.
  • It offers a range of benefits, including medical, dental, and vision coverage.
  • Employers often contribute towards the premiums of group health insurance plans, making it more affordable for employees.
  • Group health insurance plans usually provide access to a network of healthcare providers for comprehensive medical care.
  • Group health insurance helps protect against high medical costs and provides financial security for individuals and their families in case of illness or injury.

The Taylor Benefits Promise

Need cheaper, more comprehensive insurance? No problem. Contact Taylor Benefits Insurance today and receive a free estimate for your group healthcare insurance plan needs. There is no obligation to enroll in a healthcare plan and you are under no obligation to pay for your estimate. If you want to see the benefits that group insurance can have for you, contact us today to learn more.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Raleigh, NC

The following are some frequently asked questions about Raleigh, North Carolina health insurance coverage:

How Much Do Employers Pay for Health Insurance?

Employees are expected to contribute to the group health insurance plan. Employee healthcare costs are $3240 per year, which is more than three times less than the average American.

What Are the Different Types of Health Benefits Offered in Raleigh, North Carolina?

Taylor Benefits Insurance Agency offers the following benefit plans to businesses and employees in Raleigh, North Carolina:

  • vision coverage
  • dental insurance
  • Short and long-term disability insurance 
  • 401k
  • health insurance 
  • cafeteria under Section 125
  • HSA 
  • life insurance 
  • retirement and pension
  • huge gatherings
  • ACA (Affordable Care Act) 
  • Employee benefits & corporate health insurance
  • long-term care 

Which Large Group Health Insurance Providers Are in Raleigh, North Carolina?

Taylor Benefits Insurance represents several of the country’s largest health insurance carriers. When it comes to large group coverage, we can always get you a terrific deal.

We have relationships with the following insurance companies:

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

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

The ideal type of plan for you and your employees is determined by what you want and how much you are ready to spend. Health insurance policies are often classified into four broad categories:

Health maintenance companies deliver health-care services through a network of providers that contract with or work for them. A primary care physician (“PCP”) provides primary health care and refers employees to specialists when needed.

PPO (Preferred Provider Organization) health insurance plans are the most frequent. To receive full reimbursement under a PPO plan, employees must seek medical care from providers on the insurance company’s list.

Members with indemnity coverage have the option of selecting their own doctors and hospitals. The insurance company will then pay a share of the charges. Certain procedures may need employees paying ahead of time and then requesting reimbursement from their insurance carrier

HSA-qualified plans are ones that can be utilized in conjunction with a Health Savings Account (HSA). A health savings account is a type of bank account that allows users to save money for future medical expenditures before taxes. Because of its advantages, businesses frequently prefer Section 105 Healthcare Reimbursement Plans (HRPs) over Health Savings Accounts (HSAs).

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