Toledo Group Health Insurance & Employee Benefit Plans

Toledo group health insurance plans
Taylor Benefits Insurance is an independent insurance writing agency with over 25 years of experience in the field. As an independent agency, we write custom group healthcare insurance plans for clients, and we can write one for you too. Clients are groups of 50 people or more who are interested in getting great insurance.

Our plans easily beat those offered by established insurance providers and the federal exchange. We are not in competition with Obamacare or insurance providers, so we can offer clients unique plans for their unique healthcare needs.

Our plans are comprehensive and can provide you with the healthcare you need. If you are unsatisfied with your current individual, family, or group healthcare insurance plan and you want something better, contact an independent agency like Taylor Benefits Insurance.

Toledo OH Large Group Health Insurance Plans

The Affordable Care Act requires that every company with more than fifty workers offer health insurance to at least 95 percent of their workers. Further, the business must ensure that the insurance policies include the designated essential benefits the ACA requires and meets the affordability standards. Finally, companies can adopt any insurance structure they prefer, whether they choose a PPO, HMO, or POS, as long as it offers the required coverage and affordability.

If a business is big enough, it may give employees a choice between policy types, which may enhance employee satisfaction. For example, some subscribers may want a “bare-bones” option with a lower premium even though it costs more for the services that they use. These plans may make sense for consumers who don’t expect to need frequent medical attention and who can afford to pay the cost of expenses that they incur. Others want the security of a lower deductible and lower co-payment, even if their monthly premium is higher. Some workers prefer the flexibility of a POS or PPO structure over an HMO network’s constraints since subscribers are often limited to specific providers with an HMO. If a large company has enough workers to sustain the variety of plan choices, workers will likely be more content with their program.

Toledo OH Small Business Health Insurance Plans

Health insurance is expensive, making it hard for small businesses to offer coverage to their workers in the absence of an ACA mandate. While almost half of the small companies provide access to insurance, some prefer to explore other ways to help their workers with these costs.

One option is to sponsor a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). By establishing these accounts, small businesses can facilitate a method for their workers to use their pre-tax income to pay for healthcare. The QSEHRA lets companies help without taking on the expense and exposure of health insurance. The employer administers the program but doesn’t have to pay the high insurance cost. Of course, the company can also contribute to the accounts, but that’s optional, and they can decide every year. Talk to your Taylor Benefits Insurance specialist about how QSEHRAs work.

Toledo, OH Employee Benefit Plans and Employee Benefit Packages

The Society for Human Resource Management (SHRM) is a professional organization that serves as a resource for human resource managers and executives. SHRM estimates that overall, companies spend an average of thirty percent of their compensation budget on benefits. Of course, the amount varies depending on what the company includes in the package. Still, most workers expect to get benefits, including these typical choices:

  • Health insurance (required for large companies but optional for smaller firms)
  • Paid time off for illness, holidays, and vacations
  • Retirement assistance

Other benefits that employees would also like to have include:

  • Flexible schedules
  • Life insurance
  • Disability insurance
  • Remote work
  • Childcare subsidies
  • Dental insurance
  • Vision insurance

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

Benefits Provided Under Our Group Healthcare Insurance Plans

The following essential health benefits are included in our group healthcare insurance plans. We take great care to ensure that our clients are provided with adequate healthcare for their healthcare insurance needs.

Typical Problems with Group Insurance in Toledo

The average Toledo (Ohio) resident spent 8.4% of their annual spending on healthcare in 2015. 8.4% is a huge number to be spending on any one expense. While some expenses, like housing and food, will have costs greater than even 10% of your total costs, these expenses are required. There is a lot of bloated spending in the healthcare field, however, that can easily be reduced by switching to a more affordable plan.

Instead of spending 8.4%, spend less with a group healthcare insurance plan from an independent agency. Independent agencies take a pool of individuals in a group and determine the most appropriate healthcare requirements for them. The group is then offered an attractive group healthcare insurance plan, since these agencies can provide groups with more benefits for more affordable rates by leveraging the entire group’s purchasing power.

Toledo group health benefits and employee insurance plans

How Group Healthcare Insurance Can Benefit You

Beyond the benefits of receiving a better healthcare plan, clients also appreciate the service independent agencies provide. Independent agencies work with each client to provide them with custom plans. No two plans are alike, no matter how similar the groups seeking group healthcare insurance plans are.

Plans are less costly, more comprehensive, and customized to a greater degree to best fit each client. While this is an unaffordable proposition from an established insurance provider or the federal exchange, this is all in a day’s work for independent agencies.

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

Relevant Statistics

  • Over 85% of companies in Toledo offer group health insurance to their employees.
  • On average, Toledo residents with group health insurance save $500 per year on medical expenses.
  • The Toledo group health insurance market has seen a 10% increase in enrollment over the past year.
  • Approximately 70% of individuals covered by group health insurance in Toledo have access to dental benefits.
  • The satisfaction rate among Toledo employers offering group health insurance is over 90%.

General Facts

  • Toledo group health insurance provides healthcare coverage to members of a defined group, such as employees of a company or members of an organization.
  • It offers a range of benefits, including hospitalization, doctor visits, prescription drugs, and preventive care.
  • The premiums for Toledo group health insurance are often lower compared to individual health insurance plans due to the risk being spread across a larger pool of participants.
  • Employers in Toledo may offer group health insurance as part of their employee benefits package to attract and retain talented individuals.
  • Group health insurance plans in Toledo can be customized based on the needs and preferences of the group, providing flexibility and options for coverage.

The Taylor Benefits Promise

Reduce your healthcare costs in the Toledo area by switching to group healthcare insurance today. Contact Taylor Benefits Insurance for a free estimate and see the difference in price for yourself. There is no obligation to sign up for a plan, and no payment is necessary, in order to receive your free estimate.

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