- Providing world class service and value for employee benefit group plans since 1987
Sioux Falls is not only South Dakota’s largest city—it’s also one of the fastest-growing business hubs in the Midwest. With a strong presence in industries like healthcare, banking, retail, and technology, competition for skilled workers is high. Employers in Sioux Falls are realizing that offering competitive employee benefits—particularly group health insurance—is no longer optional. According to recent data from the Kaiser Family Foundation (2024), nearly 60% of non-government employers in the U.S. offer health insurance to their employees, and in Sioux Falls, that trend continues to grow.
Providing access to group health insurance isn’t just about attracting new hires. It’s about reducing turnover, increasing job satisfaction, and supporting the long-term health and productivity of your workforce. At Taylor Benefits Insurance, we help Sioux Falls employers develop customized group health and employee benefit plans that are both affordable and comprehensive.
Whether you’re a startup or a growing enterprise in Sioux Falls, offering health benefits is a strategic move that positively impacts your workforce and your bottom line. With the local economy booming and unemployment low, offering group health insurance helps companies remain competitive and build lasting teams.
Here’s why more Sioux Falls employers are investing in group health plans:
Recruitment and retention: Quality benefits attract top talent and encourage current employees to stay.
Tax advantages: Businesses can often deduct their contributions to health insurance as a business expense.
Improved workplace productivity: Employees with access to healthcare tend to take fewer sick days and experience fewer health-related distractions.
Legal compliance: Employers can avoid penalties by meeting ACA guidelines and other federal or state requirements.
At Taylor Benefits, we offer personalized consultations to help Sioux Falls businesses determine which group health plans best meet their needs and budget.
No two companies are the same, which is why we don’t offer one-size-fits-all solutions. Taylor Benefits Insurance works with top-rated insurance carriers to design group health plans tailored to your workforce and financial goals.
Here are some of the most popular types of group health insurance plans we provide in Sioux Falls:
PPOs allow employees to visit any doctor or specialist without needing a referral. These plans offer broad flexibility and are ideal for businesses that want to provide a wide choice of healthcare providers while maintaining cost-sharing through in-network care.
HMO plans typically come with lower premiums and out-of-pocket costs. They require employees to select a primary care physician and obtain referrals to see specialists. These plans are well-suited for employers seeking affordable, predictable coverage.
HDHPs feature lower monthly premiums and higher deductibles. When paired with a Health Savings Account (HSA), employees can save pre-tax dollars for qualified healthcare expenses, offering both flexibility and financial control.
For larger Sioux Falls businesses, self-funded group plans provide more flexibility and the potential for long-term savings. Instead of paying a fixed premium, you fund claims as they are incurred, with optional stop-loss coverage for added protection.
Each plan can be customized to include preventive care, specialist services, prescription coverage, and more. Taylor Benefits makes sure your plan is ACA-compliant, competitive, and aligned with your workforce needs.
While health coverage is the foundation, a complete benefits package also includes options that support employee well-being, security, and future planning. These additional benefits can give your Sioux Falls company a competitive edge in hiring and retention.
Dental insurance covers preventive visits, cleanings, fillings, and major dental procedures like crowns or root canals. Vision insurance often includes annual eye exams, prescription glasses or contacts, and discounts on corrective procedures like LASIK. These services are essential in helping employees manage everyday wellness and avoid costly, untreated health issues.
Group life insurance policies offer affordable financial protection to employees and their families in case of unexpected death. Whether term life or permanent, this coverage provides peace of mind and is particularly valued by employees with dependents.
Both short-term and long-term disability coverage protect income when employees can’t work due to injury or illness. In industries where physical work is common, like manufacturing or construction, this benefit can be a critical component of your benefits package.
Helping employees save for retirement demonstrates long-term commitment and improves loyalty. A 401(k) or SIMPLE IRA plan allows employees to make pre-tax contributions, with the option for employer matching. It’s one of the most desired non-health benefits among today’s workforce.
EAPs offer access to mental health resources, legal guidance, financial counseling, and more. These programs are confidential and provide support for employees dealing with personal or professional stress—boosting morale and resilience.
At Taylor Benefits Insurance, we help you craft a benefits package that balances cost-efficiency with employee satisfaction.
Many small business owners believe they can’t afford to offer health benefits—but that’s no longer the case. Today, more affordable and flexible options are available to help small businesses in Sioux Falls stay competitive without breaking the bank.
Some common options include:
Small group health insurance plans for teams as small as two people.
QSEHRAs (Qualified Small Employer Health Reimbursement Arrangements): These allow small businesses to reimburse employees for individual health premiums on a tax-free basis.
Level-funded plans: These provide the cost stability of a traditional insurance plan while potentially offering refunds if claims are lower than expected.
Taylor Benefits works with small employers in Sioux Falls to build plans that offer real value to employees—without creating financial strain for the business.
Understanding and complying with federal and state health insurance laws can be overwhelming. Employers in Sioux Falls must stay informed about:
ACA compliance: Businesses with 50 or more full-time employees must provide minimum essential coverage.
COBRA continuation: Employers must offer continued coverage to employees after job loss or qualifying events.
South Dakota state mandates: These include specific benefits for mental health parity, maternity coverage, and more.
Taylor Benefits Insurance stays on top of changing regulations so you don’t have to. We’ll help you remain fully compliant while maintaining a competitive edge in your benefits offerings.
Taylor Benefits insurance agency is an insurance brokerage offering group health insurance and employee benefits in Sioux Falls, and across the country. We have been providing insurance cover for over 25 Years. We work with all competitive insurance carriers in the market to make sure that you get the best prices.
When you work with Taylor Benefits Insurance, you’re choosing more than just an insurance provider—you’re choosing a partner. We combine over 30 years of industry experience with a deep understanding of employer needs, carrier networks, and employee expectations.
What sets us apart:
Independent, unbiased guidance: We’re not tied to any one carrier. We find the right plan from multiple top-rated providers.
Tailored plan designs: Every plan is built from scratch to match your workforce, goals, and budget.
Renewal reviews and cost control: We proactively re-shop your plan each year to find better deals and ensure value.
Ongoing client support: Whether it’s helping employees understand their benefits or resolving billing issues, we’re here year-round.
Whether you’re launching a new benefits plan or improving your existing coverage, we make it easy for Sioux Falls businesses to offer quality group health insurance.
In today’s competitive market, offering comprehensive employee benefits isn’t optional—it’s expected. Whether you run a growing business downtown or a manufacturing facility on the edge of Sioux Falls, having a well-structured group health insurance and employee benefit plan is key to attracting and retaining the people who power your success.
Contact Taylor Benefits Insurance today for a free consultation and no-obligation quote. We’ll help you design a benefits plan that reflects your company’s values, supports your team, and fits your budget—no matter your size or industry.
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