- Providing world class service and value for employee benefit group plans since 1987
Welcome to Taylor Online Benefits – a leading provider of employee benefits and healthcare plans in South Carolina. Backed by in-depth industry knowledge and skills, our team of insurance experts is here to help you provide competitive and affordable employee insurance options customized to your needs.
Your business is unique, and rubber-stamping an insurance package is simply not an optimal solution. The health care plans we offer are custom-tailored to your unique requirements.
As an independent group insurance agent, Taylor Online Benefits is not limited by the options available from any particular insurance carrier or any particular type of plan. You will have access to a wider variety of healthcare choices through our agency than if you were to settle for a single provider.
South Carolina’s health insurance marketplace is complex, and finding the best solution for your business requires expert help. For more information about the health benefits that local employers must offer under regulations set by the Affordable Care Act, see this webpage maintained by the South Carolina Department of Insurance.
Call Taylor Online Benefits at 800-903-6066 to discover the healthcare and benefits plan choices available to your business. We offer free estimates through our online request form, located on the right side of this webpage. There’s no obligation, so get started today!
One of the significant components of the Affordable Care Act (ACA) is the requirement that insurers include coverage for the following ten minimum essential coverage benefits in all plans:
In addition to the required inclusion of these group plans, health care services must be affordable, defined as charging premiums that do not cost more than 9.12 percent of the subscriber’s gross income. The coverage must absorb sixty percent of the cost for a typical patient.
In some states, insurance must cover more services. South Carolina has added to the requirements, mandating these benefits:
It’s also important to note that lifetime limits on coverage are prohibited. However, employers can choose the delivery structure for the plan they want to offer their workers, allowing them to provide one option or more than one that meets the other requirements. For example, the company can choose a traditional indemnity plan.
More commonly, businesses offer coverage through HMOs, PPOs, or Point of Service programs. Further, employers of any size can offer group coverage.
Small businesses with fewer than fifty full-time employees don’t have to offer health insurance coverage per the provisions of the ACA, although many do. Since many workers want the benefit, businesses competing for talent make an effort. They also qualify for a tax credit of up to 50% of the employees’ monthly premiums.
Small Business Health Options (SHOP) is a resource that the ACA created to assist. Your firm can learn more about the discounts and support available by consulting with your Taylor Benefits Insurance representative. However, to qualify for small business health insurance plans, the number of employees should not exceed 50.
South Carolina doesn’t require employers to provide health insurance coverage and any specific benefits to workers. The perks that employees prioritize are typically headed by health insurance coverage and paid time off, followed by these:
South Carolina residents must obtain health insurance per the rules of the Affordable Care Act, popularly known as Obamacare. While South Carolina state law does not require businesses to offer group health plans to their employees, the ACA stipulates that every company with more than 50 employees must.
Below are some of the most frequently asked questions regarding health insurance coverage.
The basic idea behind a large group health plan is that it covers an organization with more than 50 employees, which means they may face penalties if they fail to offer health benefits. There is no maximum number for coverage, so whatever the size or sector of your business, you can purchase health insurance to protect your employees.
Because the insurance company can spread the risks among a larger group, coverage policies are often less costly than those for small groups or individuals.
In South Carolina, the following businesses provide Small Business Group Health Insurance:
Employees are becoming better informed about the potential for employer-sponsored benefits packages. As a result, more companies provide reasonable health and retirement programs for their employees. Small and big organizations can make use of the following benefits:
Large businesses must ensure that the premium share that the worker pays is not more than 9.12 percent of their gross income.
Overall, most companies share the cost with their employees, and the average employer contribution in South Carolina is 75 percent of the cost for individual coverage. If the employee adds dependents to the plan, they can expect to pay a greater share.
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