Riverside Group Health Insurance & Employee Benefit Plans

Riverside group health insurance plans

Taylor Benefits is a one-stop solution to your group or employee benefits needs in Riverside. With more than 20 years of experience in the Inland Empire and throughout Southern California, we have the expertise to find a plan that will work for both employees and businesses alike. We contract with all major insurance companies in the state and offer one-on-one consultation services, as well as an online HR tool to help you administer benefits.

Our helpful resources gives you the access to check out the medical plans and general information. Here are some of our many group benefits and insurance offerings:

  • Group health insurance
  • Employee benefit plans
  • Group benefits
  • Dental insurance
  • Vision insurance
  • Short and long term disability insurance
  • 401k plans
  • Retirement and pension
  • Section 125 cafeteria plans
  • Life insurance
  • Long term care

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Riverside Group Benefits & Employee Medical Options

Here are some of the basic medical choices and options that are available in Riverside, CA. (It should be noted that we have a very broad selection of wellness and health insurance choices available, beyond what is listed here.)

HMO – An HMO is a Health Maintenance Organization and has a list of physicians within their Medicaid network that you must choose from. HMO plans don’t strictly limit your healthcare options to in-network provider, but it can sometimes be costly for patients to go outside of the accepted network (for example, to a private physician that’s not affiliated with the HMO). With an HMO payment plan, a referral is required from your primary doctor to get an appointment with a specialist.

PPO – A Preferred Provider Organization or PPO allows for more freedom of choice when deciding on a physician to see and doesn’t require a referral for patients to see a specialist. If you see a doctor outside the site network, you still have the intended healthcare covered, but you may have to pay out of pocket and file for bill reimbursement from the insurance company within a week or month, which is often a lesser amount than would be paid for an in-network visit or procedure.

Health Accounts – Health Savings Accounts are tax-exempt accounts that employees can use for their health care expenses. A combination of a basic insurance plan and a health savings account can sometimes be the best option for employers that want to offer great health benefits at an affordable price, while still offering the group ample choice when it comes to choosing a service substitute or provider.

Riverside group health benefits and employee insurance plans

Riverside Links & Resources

Small Business Development – From the Inland Empire Small Business Development Center, a collection of resources and helpful information that can help any local business. Understanding the Affordable Care Act – The U.S. Department of Health & Human Services has a simple and easy-to-understand breakdown of what changes came about and what lies ahead with the PPACA.

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Learn more about Riverside employee benefits packages offered by Taylor Benefits.

How can You Benefit from Our Group Health Insurance Benefits?

Group Health Insurance plans are not just beneficial for the employees but also for the employers.

Lower Premiums and Better Benefits

A group health insurance plan comes at a lower premium than individual insurance plans. Your employees are covered from the first day of the health cover. The original text in the insurance includes pre-existing diseases and maternity request, too.

But a personal health insurance plan comes at a higher price than group coverage. Moreover, maternity cover has its own challenges like a 3 year waiting period in personal health insurance plans.

So, if you take group health insurance for your organization, you will have to pay a lesser premium per employee. Contact Taylor Benefits today to get more information on Riverside group insurance services.

Improves Recruitment and Hiring

Employees tend to be inclined to companies that offer group health insurance. So, if you are one of those organizations that provide incentives, such as health insurance, you attract and retain skilled and talented employees.

By offering health insurance and employee benefits cover, you can make your company stand out from your competitors as it creates a sense of belonging in the employees. Candidates often review and contact employers who give the utmost importance to their employees.

Improves Employee Retention

Increasing your employee’s salary is not the only way to retain your employees. Moreover, it isn’t the most feasible option for a company owner. An effective method is to provide health insurance services and employee benefits to all adults. Most employees prefer getting covered for healthcare test results over raises in their pay.

Your business might lose a significant amount of employees if you don’t provide healthcare or medicaid benefits. Given the cost and time required to find the right employee for the right profile, it is better to prioritize employee loyalty. This will make sure that your business runs smoothly in the Riverside city.

Increases Productivity

When you provide medical coverage to your employees regardless of their age, it gives your employees peace of mind. In case there is any healthcare emergency services related to their spouse or children, they know it will be taken care of.

When you provide health support to your employees, they will be more productive at your business locations. Getting health support for your employees is better than dealing with lower productivity and lost time.

Healthier employees will improve the productivity of your business.

Foster a Conducive Culture

Satisfied and happy employees will help in fostering a healthier culture in your company. It will make them more committed to you. Giving access to Riverside health insurance with family coverage makes employees believe that their employer is concerned not just about them but also about their families. Thus, it boosts their morale to outperform their responsibilities.

Benefits Galore!

As an employer, you know why providing health insurance for your employee is a necessity. Contact us at our website and we will provide information on the cost you have to incur. We can provide you with additional information on your health insurance policy and the benefits you can include with co pay from your employees.

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

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Riverside, California

In Riverside, California, the following are some frequently asked questions about health insurance coverage:

What Are the Benefits of Large Group Health Insurance Plans in Riverside, California?

If your company has over 50 employees in Riverside, California, a large group health insurance plan is the best option. When purchased, large group health insurance policies provide a significant savings.

Organizations may also offer student health insurance. Individual health insurance is not always affordable. Among the benefits are:

  • Coverage of employees’ significant medical expenses
  • A comprehensive healthcare plan with refundable deductions
  • Programs and benefits related to dental care for employees
  • Healthcare Savings Account (HSA)
  • Employee wellness initiatives
  • Copayments for health insurance
  • Vision insurance for employees
  • Prescription drug coverage for employees
  • Pre-existing medical conditions and employer-funded Medicare and Medicaid

How Do Small Business Group Health Insurance Plans Work in Riverside, California?

A good plan for you and your employees depends on what you want and how much you are willing to spend. Health insurance comes in four basic forms:

Health-care organizations (HMOs) offer health-care services to members through a network of medical providers contracted with the organization. HMO plans typically require employees to select a primary care physician (PCP) who will take care of most of their health-care needs and refer them to specialists when necessary.

HSA-qualified plans are often PPO plans designed specifically to be used with Health Savings Accounts (HSA). An HSA is a special type of bank account that allows individuals to save for future medical expenses at pre-tax rates. Due to their benefits for employers, Section 105 Healthcare Reimbursement Plans (HRPs) are often preferred over Health Savings Accounts (HSAs).

PPOs, or preferred provider organizations, are the most common insurance plans. Employees receiving medical care from a doctor or hospital on the employer’s preferred provider list will receive full reimbursement from the insurance company.

Participants in indemnity plans choose their own physicians. Insurance covers the rest. Some companies require employees to pay up front for services and then apply for reimbursement from their insurance companies.

What Benefits Do Employers Offer in Riverside, California?

In Riverside, California, health insurance plans cover numerous medical treatments and equipment, such as surgeries, doctor’s visits, and prescription drugs.

The majority of companies, however, do not cover some healthcare services, such as plastic surgery, since they are deemed unnecessary. Most healthcare plans do not cover dental or vision services, so they must be purchased separately.

How Much Do Employers Pay for Health Insurance?

Each employee can contribute to company-sponsored health insurance, regardless of how much or how little they pay. The average employee in the United States spends three times as much per year on healthcare. Employees pay an average of $3240 a year, or $270 a month.

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.

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