South Carolina Group Health Insurance & Employee Benefit Plans

Affordable, Comprehensive Group Benefits For South Carolina Businesses

Welcome to Taylor Online Benefits – a leading provider of employee benefit 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.

South Carolina group health insurance plans
Your business is unique, and rubber-stamping an insurance package is simply not an optimal solution. The plans we offer are custom-tailored to your unique requirements, and include the following:

As an independent group insurance agent, Taylor Online Benefits is not limited by the options available from any particular insurance carrier, nor any particular type of plan. By working with us, the healthcare choices available to your business will be far greater 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 a helping hand. For more information about the 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 benefit 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!

South Carolina Large Group Health Insurance Plans

One of the significant components of the Affordable Care Act (ACA) was the requirement that insurers include coverage for ten essential minimum benefits in all plans. These services are:

  1. Ambulatory patient services (outpatient care)
  2. Emergency services
  3. Hospitalization, including surgical and medical
  4. Maternity and newborn care, including delivery
  5. Mental health and substance use disorder services
  6. Prescription drugs
  7. Rehabilitative services and devices
  8. Laboratory services
  9. Preventative and wellness services, including chronic disease management
  10. Pediatric services, including dental and vision care for children under the age of 19

In addition to the required inclusion of these elements, plans must be affordable, defined as charging premiums that do not cost more than 9.61 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:

  1. Congenital anomaly (cleft palate)
  2. Diabetes care and supplies
  3. Reconstructive surgery following mastectomy
  4. Off-label prescription drug coverage

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, although few do so. More commonly, businesses offer coverage through HMOs, PPOs, or Point of Service programs.

South Carolina Small Business Health Insurance Plans

Small businesses with fewer than fifty employees don’t have to offer health insurance per the provisions of the ACA, although many do. Since many workers want the benefit, companies competing for talent make an effort. 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.

South Carolina Employee Benefit Plans and Employee Benefit Packages

South Carolina doesn’t require employers to provide any specific benefits to workers. The perks that employees prioritize are typically headed by health insurance and paid time off, followed by these:

  • Family leave
  • Retirement support
  • Dental and vision insurance
  • Flexible working schedules
  • Childcare support (and elder care assistance)

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

South Carolina Group Health Insurance & The Affordable Care Act

In recent years, there have been a number of significant changes in the rules and regulations around group benefits, especially with the passing of the Affordable Care Act (sometimes referred to as Obamacare). To maximize your business’ cost efficiency, you’ll need to understand the new opportunities made available under this act, as well as how to react in the face of some new challenges. Fortunately, we’re here to help.

Taylor Online Benefits has been helping businesses in South Carolina to find group benefit plans that are both effective and affordable since well before the passing of the Affordable Care Act. Our experience and expertise has also been essential in helping our clients adjust to a changing marketplace with some new regulations.

Don’t worry: it’s easier than it sounds. We’ll work closely with you to explore:

  • What coverage options are currently mandated – both under South California state law and federally
  • What your business’ healthcare and benefits plan currently covers
  • How your business’ plan compares to your competitors
  • What your short-term and long-term goals are

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

By answering these questions, we can design customized healthcare and benefits plans that meet legal requirements as well as the expectations of your employees – without damaging your bottom-line. South Carolina’s Department of Insurance provides info to residents about their rights and reasonable expectations as health insurance consumers. Reading these pages can give you a better understanding of what your employees are looking for from their healthcare benefits.
Looking for the ideal group health plan for your South Carolina-based business? There’s no better plan than the one custom-built to meet your needs. Call Taylor Online Benefits today and discover how to offer your employees a cost-effective health and benefits plan – while satisfying your budget and propelling your company forward. Get started now with a FREE cost estimate!

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in South Carolina

Healthcare specialists typically grant financial assistance to hospitalized patients who require financial assistance under comprehensive insurance plans in the United States. South Carolina citizens are required to obtain health insurance under the Affordable Care Act, popularly known as Obamacare. On the other hand, South Carolina state law does not require companies to offer group health plans to their employees. Below are some of the most frequently asked questions regarding health insurance.

In South Carolina, What Is Considered a Large Group for Health Insurance Plans?

The basic idea behind a big group health plan is that it covers an organization with more than 50 employees. It is important to note that large group health plans are not legally restricted in terms of the number of employees covered. Whatever the size or sector of your business, you can acquire group health insurance to protect your employees. An individual health insurance policy may be more appropriate for beneficiaries with specialized needs and risks.

What are Small Business Group Health Insurance Providers in South Carolina?

In South Carolina, the following businesses provide Small Business Group Health Insurance:

  • Kaiser Foundation Group
  • Unitedhealth Group
  • Coventry Corp. Group
  • Humana Group
  • Blue Cross
  • HIP Insurance Group
  • UHC of California
  • State Farm
  • eHealthInsurance
  • Blue Shield
  • Metropolitan Group
  • HCSC Group
  • Carefirst Inc. Group

What Are the Different Types of Benefits Offered in South Carolina?

Employees are becoming more appreciative of benefit packages on the job. As a result, firms provide reasonable health and retirement programs to their employees. Small and big organizations can make use of the following benefits:

  • Health Insurance — a company’s health benefits program can play an important role in an employee’s decision-making process while competing for employment offers.
  • Vision & Dental – Business owners frequently attempt to save money on vision and dental insurance by selecting a less expensive plan or just giving a discount.

Retirement and 401(k) – It’s more vital than ever to plan for the future, and even young employees understand the advantages. Differentiate yourself from the competition by providing a suitable retirement plan to your employees.

What Percent of Health Insurance is Paid by Employers?

A comprehensive health insurance policy is paid for by the company and the employee at the same time. Business owners will be responsible for between 70 percent and 90 percent of the overall costs of health insurance in South Carolina.

We’re ready to help! Call today: 800-903-6066