Welcome to Taylor Online Benefits! Since we are a leading provider of employee health insurance coverage and group benefits for the state of Rhode Island. Our insurance experts have the skills and in-depth knowledge about health insurance to help you compare plans and provide competitive and affordable insurance options.
We proudly offer health benefits, and retirement plans custom-tailored to your business’s unique needs.
Taylor Online Benefits is an independent group insurance agent – meaning that we are not limited by the choices available from any particular plan type or insurance carrier. By partnering with us, you’ll have access to a wider net of healthcare and benefits options than if you were to settle for a single provider.
For more information about the health coverage benefits that local employers must offer under regulations established by the Affordable Care Act, see this document provided by the Rhode Island Department of Health.
Give us a call today at 800-903-6066 to discuss the Rhode Island healthcare and benefits plan options available to you! Taylor Online Benefits offers free estimates through our online request form – which you’ll find on the right side of this page. We provide these estimates with no obligation to you.
One significant change to health insurance contained in the ACA is that all health coverage must include ten minimum essential coverage benefits to comply with the law.
These health coverage services include:
Employer-sponsored insurance must also meet affordability standards, including limits on premium expenses and requiring the plan to cover a set level of potential subscriber costs. Some states have added other provisions to the list of mandated benefits. In Rhode Island, insurers must offer these additional services:
While small businesses (with fewer than fifty workers) don’t have an obligation to offer health insurance to their eligible employees, they may want to. Health insurance is a top wish-list perk for full-time employees and recruits. The U.S. Bureau of Labor Statistics estimates that almost half of small businesses offer insurance to their workforce, but enrollment is low. That might be because the workers get health coverage from another source or find the cost too high.
The ACA has excellent resources and support for small businesses that want to offer Rhode Island health insurance. In addition, there are tax credits for some companies to reduce the administrative burden. Your Taylor Benefits Insurance consultant can help you navigate the options.
Rhode Island requires employers with an average of eighteen or more workers to offer paid sick leave. Employees earn one hour of sick time for every 35 hours they work. Smaller companies must also provide sick leave but do not have to pay workers for the time off. In either case, employees can accrue up to forty hours per year. In addition, Rhode Island offers paid family health insurance, referred to as temporary caregiver insurance, for four weeks to care for a new child or a seriously ill family member.
Aside from the partially paid temporary caregiver leave, Rhode Island’s Parental and Family Medical Leave Act requires companies with fifty or more workers to allow up to thirteen weeks of unpaid but job-protected leave.
Call 800-903-6066 to get more information about the Rhode Island health insurance marketplace and a free consultation.
The Affordable Care Act, perhaps more commonly known by the nickname Obamacare, has changed a number of rules regarding how group coverage benefits are administered. In order to maximize your business’ cost efficiency, it’s important to understand the new opportunities available under the Affordable Care Act, as well as some new challenges you may face. That’s where our experience comes in.
Taylor Online Benefits has been helping Rhode Island businesses find affordable and effective group health benefits plans since well before the Affordable Care Act. We’ve been effective in helping clients adjust to the new regulations during its implementation.
Are you looking for a Rhode Island Group Health Insurance & Employee Benefits Plan? Click the quote button to get an instant quote.
We develop plans that are specifically tailored to the needs and expectations of your employees but also work for your bottom line.
For a better understanding of what your employees are looking for in their healthcare benefits, take a look at the Learn the Basics page on HealthSourceRI – Rhode Island’s official state healthcare marketplace.
Do you need a group plan for your Rhode Island-based business? If so, call Taylor Online Benefits today to learn how you can offer your employees a cost-effective healthcare and benefits package that meets their needs and propels your business forward. Get started right away with a FREE cost estimate!
Although the federal mandate requiring health insurance coverage for individuals has been repealed, Rhode Island (and several other states) approved a state-level mandate to replace the federal rule. Everyone can benefit from comprehensive insurance coverage.
Here are some frequently asked questions about Rhode Island health insurance in Rhode Island:
The most significant benefit of a large group health insurance plan is that all subscribers will be able to pay lower premiums than they would pay for individual policies. This is possible because the insurer can spread the risks among more participants, allowing lower per-person costs.
Rhode Island employers may want to consider incorporating these elements into their benefits plan:
The employer can choose the benefit elements that resonate most with their workers. Offering a generous plan will help ease your workers’ financial stress and may enhance their loyalty and productivity.
Small employers may pay a higher price than large businesses, but often less than the cost of individual coverage. The average employer contribution for individual employee coverage in Rhode Island is $5,795 annually, which covers 79 percent of the typical premium.
We’re ready to help! Call today: 800-903-6066