Rhode Island Group Health Insurance & Employee Benefit Plans

Rhode Island group health insurance plans

Welcome to Taylor Online Benefits! With a strong presence not just in Rhode Island but also in states as diverse as Nevada and Georgia, we are a leading provider of employee health insurance coverage, medicare health plans, and group benefits. Our insurance experts, acting as skilled agents, have a vast amount of content knowledge about health insurance companies to assist you in comparing plans, understanding elements such as copay and deductible costs, and network restrictions. This knowledge lends us the confidence needed to help provide competitive and affordable insurance options that fit within your budget, while keeping in mind the importance of fair wages for all team members.

We proudly offer health benefits including shop-based group insurance – part of which include copay assistance – and retirement plans that are custom-tailored to your business’s unique needs, depending on the employee composition and budget.

Acting as an independent group insurance agent, Taylor Online Benefits is not limited by the choices available from any particular plan type or insurance carrier. Whether you’re looking at health insurance companies in Rhode Island or exploring options in Nevada or Georgia, we’ve got you covered. By partnering with us, you’ll have access to a wider network 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 content-rich document provided by the Rhode Island Department of Health. The provided document links all the necessary information at one place for easy access.

Give us a call today at 800-903-6066 to discuss the Rhode Island healthcare and benefits plan options available to you, or those available in Nevada or Georgia. 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, part of our dedication to customer service and building confidence in our clients.

One significant change to Rhode Island large group health insurance contained in the ACA is that all health coverage must include ten minimum essential coverage benefits to comply with the law. This requirement is an integral part of ensuring comprehensive assistance to the insured, including employees and members of organizations.

Rhode Island Large Group Health Insurance Plans

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. These are considerations that are set in place to protect the wages earned by employees. Some states, like Nevada and Georgia, have added other provisions to the list of mandated benefits. In Rhode Island, insurers must offer these additional services:

  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

While small business employers (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. Regardless of whether your business is based in Rhode Island, Nevada, or Georgia, we’re here to help find an affordable plan that suits your needs and fits within your budget.

  1. Clinical trials for new cancer therapies
  2. Diabetes care management
  3. Durable medical equipment (prosthetics and orthotics)
  4. Hearing aids
  5. Infertility treatment (this requirement is limited to any nonprofit plan except those providing supplemental coverage to governmental programs)
  6. Lyme disease screening and treatment
  7. Reconstructive surgery following mastectomy
  8. Off-label prescription drugs for cancer treatment
  9. Wigs

Rhode Island Small Business Health Insurance Plans

The ACA has excellent resources and support for small businesses that want to offer Rhode Island health insurance, establishing valuable links between businesses and health insurance companies. 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, a system aimed at safeguarding health and wages. 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.

Rhode Island Employee Benefits Plans and Employee Benefits Packages

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.

Feel free to call 800-903-6066 for more information about the Rhode Island health insurance marketplace, deductible amounts, in-network providers and for a free consultation. We also provide links to resources for health insurance options in Nevada and Georgia.

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, causing significant updates to the wage- and budget-related aspects of health coverage. 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 content-rich experience comes in.

Relevant Statistics

  • More than 85% of employers in Rhode Island provide group health insurance coverage for their employees.
  • Rhode Island boasts an average employee participation rate of over 95% in group health insurance plans.
  • The average deductible for group health insurance plans in Rhode Island is $750, ensuring affordable access to healthcare.
  • Approximately 90% of group health insurance plans in Rhode Island offer coverage for preventive care services with no copay.
  • Rhode Island has seen a significant decrease of over 30% in the uninsured rate among groups covered by employer-sponsored health insurance.

General Facts

  • Rhode Island requires businesses with 50 or more employees to offer group health insurance.
  • Group health insurance in Rhode Island covers a range of medical services, including doctor visits, hospitalization, and prescription drugs.
  • Employers typically share the cost of group health insurance premiums with their employees.
  • Rhode Island group health insurance plans must comply with state and federal regulations to ensure adequate coverage.
  • Small businesses in Rhode Island may be eligible for tax credits when providing group health insurance to their employees.

Rhode Island Group Health Insurance & The Affordable Care Act

Taylor Online Benefits has been providing assistance to Rhode Island businesses, helping them 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 and navigate through the various links within health insurance companies.

Are you looking for a Rhode Island, Nevada, or Georgia Group Health Insurance & Employee Benefits Plan? Taylor Online Benefits is prepared to serve you with confidence!Upon clicking the “quote” button, you’ll engage our broker services to provide an instant quota relative to the size of your workforce and various other eligibilities. Your health and the health of your employees is a vital part of our commitment. We diligently partner with other companies to develop plans that are specifically tailored to meet the needs and expectations of your diverse employees, irrespective of their gender, the color of their collar, or their job description. These plans also work in accordance to your salary limitations. They ensure that the advantages of good health care, like those provided by our partner HealthSource RI, are passed on to your employees – considering your bottom line while doing so. Families of employees are also incorporated in these plans as beneficiaries.

For a better understanding of what your employees are looking for in their healthcare benefits, peruse our informational menu. Begin by visiting the “Learn the Basics” section of HealthSourceRI, Rhode Island’s official state healthcare marketplace. Apart from Rhode Island, we also extend our customer service to states like Colorado and Virginia. We offer shopping advice for suitable plans and assist in managing your company’s healthcare account, no matter the place of operation.

Despite the federal mandate requiring health insurance coverage for individuals being repealed, Rhode Island (and several other states) approved a state-level mandate to replace the federal rule. Everyone can benefit from comprehensive insurance coverage. It’s well worth checking out whether you fall under the Virginia or the Colorado state-based mandates.

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!

Frequently Asked Questions About Health Insurance And Employee Benefits Plans in Rhode Island

The most significant benefit of subscribing to a large group health insurance plan is the opportunity for all subscribers to pay lower premiums than they would pay for individual policies. This is possible because the insurer can spread the risks among more participants regardless of gender, allowing lower per-person costs.

Here are some frequently asked questions about Rhode Island health insurance:

What Are the Benefits of Large Group Health Insurance plans 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.

What Benefits do Employers Offer in Rhode Island?

Rhode Island employers may want to consider incorporating these elements into their benefits plan:

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k)
  • Retirement & Pension
  • Section 125 Cafeteria Plan
  • HSA
  • Short and Long-Term Disability Insurance
  • Life Insurance
  • Long-Term Care

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.

How Much Does It Cost to Offer Employees Health Insurance?

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.

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