Rhode Island Group Health Insurance & Employee Benefit Plans

Rhode Island group health insurance plans
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!

Rhode Island Large Group Health Insurance Plans

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:

  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

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:

  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

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 Employee Benefit Plans and Employee Benefit Packages

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.

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

Rhode Island Group Health Insurance & The Affordable Care Act

The Affordable Care Act, perhaps more commonly known by the nickname Obamacare, has changed a number of rules regarding how group benefits are administered and implemented. In order to maximize your business’ cost efficiency, it’s important to understand the new opportunities available under this 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 benefit plans since well before the Affordable Care Act, and we’ve been essential in helping clients adjust to the new regulations during its implementation.

Our strategy is simple – we work with you to examine:

  • What coverage is mandated under current federal and Rhode Island law
  • Your current benefits offerings
  • How they stack up against what’s being offered by others in your industry
  • What your business’ goals are

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

In doing so, we can develop plans that are specifically tailored to the needs and expectations of your employees, and yet 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 health 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 Benefit Plans in Rhode Island

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:

What Are the Benefits of Large Group Health Insurance plans in Rhode Island?

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.

In Rhode Island, How Much Do Small Business Groups Insurance Plans Cost on Average?

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.

What Benefits do Employers Offer in Rhode Island?

The following variables should be included in Rhode Island’s employee benefits package:

  • Corporate Health Insurance & Employee Benefits
  • Large Groups
  • Standard Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401k
  • Retirement & Pension
  • Section 125 Cafeteria
  • HSA Short and Long Term Disability Insurance
  • Life Insurance
  • Long Term Care
  • Affordable Care Act (ACA)

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.

How Much Does It Cost to Offer Employees Health Insurance?

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.

We’re ready to help! Call today: 800-903-6066