Thornton Group Health Insurance & Employee Benefits Plans

Thornton group health insurance plans

Thornton CO Large Group Health Insurance Plans

Offering health insurance coverage to employees is vital for large businesses in Thornton, Colorado. Besides being a requirement of the Affordable Care Act, offering medical insurance is acknowledged as one of the best ways to attract high-quality talent to your business. Many employers choose to pay a portion of the insurance premium, either for the employee only or for the employee and their dependents. Depending on your workers’ salary levels, the ACA rules may also require a subsidy since the affordability standard limits how much subscribers can be required to pay.

Employers have ample options when selecting health plans, which makes balancing coverage and cost easier. For example, you might choose a preferred provider or health maintenance organization, which lowers the premium cost and results in a lower out-of-pocket expense for the subscriber. Because of additional ACA provisions, any health plan must include essential benefits coverage in these broad areas:

  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

Thornton CO Small Business Health Insurance Plans

Small companies aren’t mandated to provide insurance coverage for their workers if they employ fewer than fifty people. But for companies that want to, helpful resources are available, many developed by the Affordable Care Act and subsequent related legislation. For example, SHOP – the Small Business Health Options Program—is a platform for finding information about qualifying plans and federal assistance.

If you provide a SHOP plan, you must offer it to all eligible employees working at least thirty hours per week. Also, to be eligible, at least seventy percent of your employees must enroll through your program unless they have insurance from another source. For small companies with fewer than 25 workers, tax credits may also be available to support your administrative costs. There are some detailed requirements, so ask your Taylor Benefits Insurance representative for information.

Thornton CO Employee Benefit Plans and Employee Benefit Packages

In addition to health insurance, employees usually look for paid time off when evaluating benefits packages. Employers that add paid sick time, vacation, and holiday pay to the package enhance the appeal for potential and current workers. Other desirable benefits include:

  • Retirement assistance and support
  • Dental and vision insurance
  • Flexible working schedules and remote work options
  • Childcare support (and elder care assistance)
  • Tuition reimbursement

If your budget can accommodate the cost, consider adding a retirement plan and dental and vision care to make your program stand out. These efforts will help attract and retain workers in a tight labor market.

Thornton, CO, is one of the major cities in Colorado and is well-placed near the Denver airport. This thriving community of over 140,000 residents has enjoyed twenty percent growth over the last decade, resulting in a proliferation of employment options for local residents.

Group Health Insurance and Employee Benefits

Companies in Thornton that are seeking a recruiting advantage should consider offering a robust benefits program for their workers. Often, potential new hires want access to a group health insurance program because it provides them with better insurance coverage at a lower cost when compared to an individual plan.

Some companies hesitate to include health insurance in their benefits plans because of the cost. For businesses that are too small to be subject to the ACA requirements, providing insurance is optional. Health insurance is a costly benefit, but many businesses find that the investment pays off. Studies show that workers are more loyal to an employer when they have health insurance, and workers are observed to be more productive as well.

Also, many companies share the premium cost with the workers who enroll, and employers can also recoup some of the expense through tax deductions.

Call 800-903-6066 for a free consultation about Thornton Group Health Insurance and Employee Benefits Plans.

Who We Are

Taylor Benefits Insurance proudly serves Thornton businesses of every size. We have over 35 years of success helping companies like yours create and implement comprehensive benefits packages that include group health insurance. Our mission is to help your business and your employees thrive.

Thornton group health benefits and employee insurance plans

Insurance Products By Taylor Benefits

Some of the health insurance and employee benefits that we can include in your plan are:

  • Group health insurance
  • Vision insurance
  • Dental insurance
  • Short-term disability insurance
  • Long-term disability insurance
  • 401(k) plans
  • Section 125 cafeteria plans
  • Group life insurance
  • Retirement plans
  • Pension plans
  • Long-term care
  • Affordable Care Act (ACA) compliance

Are you looking for Group Health Insurance and Employee Benefits Plans? Click the quote button to get an instant quote.

Why Taylor Benefits

When you partner with Taylor Benefits to create your custom benefits package, you gain access to the expert service of our knowledgeable professionals. Our consultants will take the time to understand your company’s objective, operations, and budget so they can make the most suitable recommendations.

Since we are not affiliated with insurers, we don’t promote their products. Instead, we suggest the policies and providers that will best meet your needs. We also assist with implementation and administration, including providing access to our online HR management system. We will continually review your program to ensure that it remains competitive and also compliant with applicable regulations.

Contact Us

Contact us at 800-903-6066 for a consultation and free proposal.

Written by Todd Taylor

Todd Taylor

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.

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