- Providing world class service and value for employee benefit group plans since 1987
Group Health Insurance and Employee Benefits
Employee benefits is one of the first things that job hunters in Salt Lake City take into consideration during the hiring process. If you are experiencing a high turnover, it could be because your employees are constantly looking for better benefits opportunities. Employees expect employers to provide them a comprehensive benefits package that is specifically tailored to their needs. By providing your employees with a plan that meets their expectations, you can lower your turnover while keeping your staff healthy and happier.
Who We Are
Taylor Benefits is a credible insurance agency with 30 years of experience in group health insurance and employee benefits plans. We have been revolutionizing the healthcare industry in Salt Lake City by offering comprehensive employee benefit packages. We leverage our expertise to craft unique benefits plans that are customized to meet the needs of your employees while fitting into the budget of your company. Our licensed insurance agents guarantee you top-notch service.
Taylor Benefits offers a range of group health insurance and employee benefits plans that include the following:
We are an independent insurance broker working with top insurance carriers in Salt Lake City therefore; we are able to get you the best price possible. Our insurance agents are committed to find you a competitive plan that is fit for your employees and your company. We also ensure that your plan is compliant with the standards of the Affordable Care Act (ACA). When the time to renew your policy comes, we undertake an analysis of the market just to be sure that your carrier still holds a competitive position. We also let you make changes to your benefits offering where necessary.
Here are some answers to frequent concerns about health insurance plans and employee benefits packages in Salt Lake City, Utah.
The market for group health insurance plans is complicated for large employers. Finding a large group health insurance provider that meets your needs adequately may seem difficult because they are all vying for the same customers. In general, you should compare different companies. Humana, Molina Health Insurance, UnitedHealthcare Insurance, Bright Health Insurance, and Cigna Health Insurance are some of the largest group health insurance companies in Salt Lake City.
The price of a small group health insurance plan depends on the insurer and coverage because insurance is a numbers game. Even though the cost of health insurance has declined in recent years, it can still run up to $415 per employee per month and $4,000 annually. Small business owners might need to set aside a few hundred dollars for health insurance plans for each employee. Group plans, however, are less expensive than individual plans.
An employee benefits package may include a variety of benefits. Health insurance, worker’s compensation insurance, unemployment insurance, Medicare and social security benefits, family and medical leave, and retirement are some standard benefits employees may anticipate in their packages in Salt Lake City. Every employer is expected to offer these benefits, which are mandated benefits. An employer might provide benefits like life insurance, gym membership, pet insurance, and identity theft security.
Depending on the type of plan, the insurance coverage, and the insurer, an employer may be required to contribute a certain amount toward an employee’s health insurance. Group health insurance will be less expensive for an employer to provide than individual plans. However, it might be less expensive for the employer if the premiums are shared between employees and employers. The insurer also impacts the price of health insurance because various insurance providers may charge different rates for their plans. However, an employee’s average annual cost of a health insurance plan is over $15,000 for family coverage and about $6,000 for single coverage.
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.
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