Taylor Benefits is an independent agent for group health insurance and benefit plans in Santa Rosa and Sonoma County. We understand that the group benefits and health insurance needs of a business can change over time and our product offerings include an annual review of your plan to make sure it meets your expectations. Another benefit of the free yearly audit is that it ensures you are compliant with any changes in health care law and are able to adapt to the changing needs of your business or employee group.
Suppose you represent a large employer in Santa Rosa, California. In that case, your company has most likely been offering health insurance for your workers even before the ACA started to require it. Big companies recognize that health insurance is vital to a competitive benefits package. Probably, you review your plan periodically, or at least when you experience substantial changes in company size or coverage costs. You may get some great ideas about potential changes if you talk to a representative at Taylor Benefits Insurance.
Your company’s budget, the number of employees, and the specific needs of your workers can influence the program you choose to offer. It’s possible that you can change your plan, save money, and still improve coverage for your employees. Of course, details vary, but offering more than one plan choice is welcome and can help. One option is a high deductible plan that you can pair with a health savings account. If you go this route, check the IRS requirements for the minimum deductible to be sure workers can qualify for the HSA. Any time you make significant changes, ensure you offer advance notice and excellent communication to everyone affected.
Small companies—defined by the Affordable Care Act as employing fewer than fifty workers full-time-- don’t have to offer health insurance. Still, many small businesses want to help their employees obtain coverage. One tool the company can use is a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This tax-advantaged savings account allows employees to pay for medical expenses with pre-tax dollars. Some companies also contribute, but that is optional.
With a QSEHRA, the company decides whether to contribute to the accounts or whether to simply facilitate the administration. The decision and the amount can even change yearly. However, if it has such a program, it must be available for every full-time employee. The company can't also offer a health plan or flexible spending account (FSA).
The insurance that the employee uses must be ACA qualified. Workers pay for health care costs, then submit the claim to the QSEHRA. If an employee doesn't use the money in the account, the business can either keep the funds or roll them over for future usage.
Designing an attractive employee benefits package for any company can be challenging. Employers want to provide benefits that will help them hire and keep high-quality workers. Still, the company has a budget to watch. Health insurance is among the most common benefits, followed by paid time off. Some potential employees may not consider joining a company that doesn't offer these. Beyond the basics, if you have funds for more, the most-requested items include vision coverage, dental insurance, and a retirement account. If the employer communicates the value of the benefits to the workforce, it may gain an opportunity to increase retention and potentially save by limiting pay increases.
Simplicity – With a combination of industry knowledge and experience, we are in a unique position to help a variety of different sized businesses and group networks in determining the best options for their needs. We have over 25 years of experience as an independent health insurance and group benefit agent and are able to design plans that are specifically tailored to the needs of your employees of group network.
Guidance – Our expertise does more than just help you find the right plan, we also help you stay on top of changes in terms of business and legal requirements. Compliance is an important part of any employer-sponsored health plan and we help you stay abreast of changes in health care law, as well as business tax incentives for companies that provide health insurance to their employees.
Options – We are contracted with all group health providers in the state, which allows us to draw from a wide variety of benefit and insurance offerings to find the one that works best for your company. We can also design custom plans that offer an element of flexibility to employees, depending on the needs and preferences of your business.
Get a jump on your competitors by offering a comprehensive benefits package that will help your business attract and retain the best employees in your industry. We work one-on-one with you to determine the best plan options for your company, including all the following:
National Committee For Quality Assurance – The NCQA is a nonprofit that strives to improve the overall quality of the health care system by measuring and analyzing data to create a dialogue around important health care issues.
Are you looking for a Santa Rosa Group Health Insurance & Employee Benefit Plans? Click the quote button below to get an instant quote.
We’re ready to help! Call today: 800-903-6066