Seattle Group Health Insurance & Employee Benefit Plans

Seattle group health insurance plans
The best health insurance plans come from independent agencies. This is because independent agencies do not have to compete with established insurance providers, nor are their plans limited like other plans being offered on the market. Even with the inclusion of Obamacare mandates, little has changed for independent agencies like Taylor Benefits Insurance.

We have over 25 years of experience writing group healthcare insurance plans. If you want a more affordable, more comprehensive plan than what is currently offered in your region, you should contact an independent agency like Taylor Benefits Insurance today.

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

Seattle WA Large Group Health Insurance Plans

In a competitive labor market like Seattle, most large companies were already offering health insurance even before the passage of the Affordable Care Act (ACA) made the practice mandatory for companies with more than fifty workers. However, the legislation brought new requirements for accountability, quality, and affordability.

Every company subject to the rules must demonstrate that it provides comprehensive coverage at an affordable price. The coverage must include the ACA-designated ten essential benefit areas and must be designed to absorb at least sixty percent of the anticipated costs for subscribers. Furthermore, employee contributions are limited to 9.12 percent of their gross income or less.

Still, employers can choose the type of plan they want to offer and have feasible options that allow them to meet the requirements while still holding down expenses. Companies can offer a choice if they wish but must have at least one plan that meets the required affordability provisions.

Seattle WA Small Business Health Insurance Plans

Small businesses may face a challenge when trying to provide qualified health insurance for their workers. If the company has fewer subscribers, the per-capita cost may be excessive. One option for small companies is to help out by instead offering a QSEHRA– a Qualified Small Employer Health Reimbursement Account. These accounts allow employees to obtain their choice of coverage using pre-tax contributions. However, the plans they purchase must meet the ACA standards, and companies can’t offer a QSEHRA if they also provide insurance for any workers.

These plans are typically straightforward for companies to administer, and the company decides how much to contribute to the accounts each year.

Seattle WA Employee Benefit Plans and Employee Benefit Packages

Every competitive company needs to stand out from the competition when seeking to attract talented employees. One way to accomplish that is to offer a high-quality employee benefits package. Typically, large businesses offer more perks, but even small companies can include options that help their workers. Some of the most widely requested benefits are:

  • Paid time off (vacation, holiday, and sick leave)
  • Family leave
  • Retirement support
  • Health Insurance
  • Dental and vision insurance
  • Flexible working schedules (including remote work)
  • Childcare support (and elder care assistance)

How Taylor Benefits Can Help You

We offer the following benefits in our group healthcare insurance plans. Having a comprehensive healthcare insurance plan is a necessity for a lot of Seattle residents. Make your insurance work for you.

Seattle group health benefits and employee insurance plans

Typical Problems with Group Insurance in Seattle

In 2014-2015, the average resident in the Seattle area spent $4,635 on healthcare. However, the average resident in Seattle made $70,000. The average being half, that means that half of all residents made less than that amount. The less money you make, the bigger the percentage of your earnings goes into healthcare. This is why people say that healthcare is still unaffordable for Americans. However, when considering the benefits of group insurance plans, the average resident can actually save money by pooling his or her insurance requirements with those of 49 other people. Group insurance plans are cheaper to purchase, and oftentimes more comprehensive than individual plans. There is no need to feel stuck with an inferior plan when you can get one custom-written for your groups’ needs. Healthcare is a stressful topic for many Americans, but with Taylor Benefits, it doesn’t have to be. We make healthcare affordable and practical through our group benefits plans.

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

The Benefits of Taylor Benefits Insurance

We write our own group healthcare insurance plans at Taylor Benefits Insurance. The greatest advantage of group insurance is that it is less costly than individual insurance. For the average individual in Seattle (Washington), any reduction in the price of healthcare is welcome. For those individuals, group insurance may be right for them, especially since every healthcare plan, no matter the provider, has to include essential health benefits like the ones we provide.

The Taylor Benefits Promise

Group insurance plans can help you reduce the healthcare costs you pay each year. Contact Taylor Benefits Insurance for a free estimate for your group. Group insurance is more affordable and can be more comprehensive than individual healthcare plans. Contact us today to learn more. There is no obligation to enroll in a plan or make a payment.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Seattle, Washington

Health insurance can cover a narrow set of medical treatments or a much broader array, and it can pay for all, or part of the costs associated with such services.

In Seattle, WA, Washington, How Much Do Large Group Health Insurance Plans Cost on Average?

Most states require employers to provide health insurance to their employees, so doing so is in your best interest.

Depending on the organization, the annual premiums for an employee’s health insurance might be anywhere from $1,500 to over $4,000 for a single individual. You and your employee can split the monthly premium if you both agree to pay a portion of it.

In Florida, What Is Considered a Small Business Group for Health Insurance Plans?

Group health insurance policies are the most common option for most businesses. Health insurance for employees and their dependents is provided through a health plan selected by the company. In several jurisdictions, businesses with fewer than one hundred full-time employees are eligible to obtain health insurance for their employees through a program designed specifically for small groups.

Even if they pay a set premium for the policy, small firms that offer health insurance to their employees may choose to charge them a share of that cost as well.

What Should Employee Benefits Packages Include in Florida?

Employee benefits packages consist of numerous things. To name a few:

  • Health Insurance Benefits
  • Retirement Accounts
  • Flexible Schedules
  • Life Insurance
  • Paid Holidays
  • Dental Insurance
  • Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs)
  • Paid Medical Leave
  • Paid Vacation and Sick Time

What Percent of Health Insurance is Paid by Employers?

Employees bear a share of the cost of health insurance of 83%.

A single policy for regular workplace health insurance will cost $7,470 per year in 2020. Employers paid more than three-quarters of all premiums on average. Employees were responsible for the remaining 7%, or $1,270 per year.

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