- Providing world class service and value for employee benefit group plans since 1987
Welcome to Taylor Online Benefits! As a leading provider of employee health plans and group benefits for the state of Rhode Island, our insurance experts have the skills and in-depth industry knowledge to help you provide competitive and affordable employee insurance options.
We proudly offer healthcare and retirement plans custom-tailored to your business’ unique needs, including the following:
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 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 benefit 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. No obligation required!
One significant change to health insurance contained in the ACA is that all health coverage must include ten essential benefits to comply with the law. These services are:
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 employees, they may want to. Health insurance is a top wish-list perk for employees and l 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 coverage from another source or find the cost too high. The ACA has excellent resources and support for small businesses that want to offer health insurance. In addition, there are tax credits for some companies to reduce the administrative burden. Your Taylor Benefits Insurance consultant can help 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 leave, 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.
Hospitalized clients who need financial assistance from providers are covered by comprehensive insurance plans in the United States. Health insurance is now required for Rhode Island residents under state legislation as of January 1, 2020. In light of the end of the federal health insurance mandate, a few states have implemented their own mandates, including Rhode Island. Health insurance questions most frequently asked include:
Large group health insurance plans have the primary advantage of allowing you to pay lower premiums than you would normally have to. This may be a result of insurance companies being able to provide bulk discounts. Group health insurance policies cover all employees in an organization and are simple to administer. This policy has the advantage of offering an identical benefits package to all participants, making it easy for employees to sign up. Subsidized coverage will not be denied to your employees based on their medical conditions.
As long as a certain number of employees work for the company, employees from any size of the company can join group medical insurance plans. A group health insurance plan is available at an affordable price for employees. Depending on where you live in Rhode Island, earnings can range from $123 to $1400 per month.
The following variables should be included in Rhode Island’s employee benefits package:
You can ensure that while your employees are employed, they are adequately protected and cared for by including these perks in your benefits package. The plan can, however, be customized to meet the individual needs of your employees if you desire.
In Rhode Island, health insurance may cost as little as $123 per month or as much as $1400 per month. This might vary based on the packages you select, the insurance provider you select, and other factors that influence the overall cost of your insurance.
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