Tucson, AZ, is a stunning desert city with a population greater than half a million people. It is a tourist destination and a historic treasure. Tucson is home to a sprawling University of Arizona campus, plus several other colleges and universities. The area has multiple diverse employment opportunities for residents to choose from.
Employers in Tucson have a thriving labor pool to draw from, but to be successful in recruiting, they need to provide an attractive benefits package as part of their overall compensation offer.
Large businesses in Tucson and elsewhere must offer health insurance for their workers or face penalties. In addition, the ACA requires that the plan must be considered affordable (costing the employee no more than 9.12 percent of their gross household income) and provide ten essential minimum benefits:
In Arizona, insurance must include additional mandated services:
Small businesses in Tucson with fewer than fifty employees don’t operate under an ACA mandate that they offer health insurance to their workers, but many do. The U.S. Bureau of Labour Statistics estimates that nearly half of small firms provide medical insurance for part-time and full-time employees. Many also pay part of the premium and sometimes their dependents.
To assist with the red tape and start-up challenges, small firms can find assistance in establishing and administering their insurance plans through programs created in conjunction with the Affordable Care Act, including the option to access tax credits. To learn more about how tax credit premiums can benefit your business, ask your Taylor Benefits Insurance consultant for more information.
An attractive benefits package may have several components designed to hire and retain top talent workforce. Most employees want health insurance and paid time off. Beyond that, the top choices become less consistent.
Many workers value a retirement savings plan, although these are not as widely offered as health insurance.
Other widespread benefits include:
In Arizona, employment benefits vary based on the number of employees you have. An employer with fifteen or more workers must provide up to forty paid sick leave hours annually. Smaller companies must grant up to twenty-four paid sick time hours. Employees can use the time for their own or a family member’s injury or illness or to seek care and treatment. In addition, there are other allowable uses, such as school closure and domestic violence. Arizona employers don’t have to provide paid holidays or vacation time, but many do.
Call 800-903-6066 for a free Tucson Group Health Insurance and Employee Benefits Plans consultation.
Taylor Benefits offers a wide range of benefits choices for our clients, including these popular selections:
Taylor Benefits Insurance is a leading independent insurance broker with over 30 years of success helping large and small companies offer great benefits plans.
Brokers can be effective partners in identifying and choosing the right insurer and the most suitable products. A good broker has an advantage, which is that they already have wide industry knowledge, so they can more effectively assess the quality and suitability of the potential vendors.
Since brokers are not allied with insurance companies, they can recommend the best products regardless of provider. They can also design a plan that incorporates options from multiple vendors to create an ideal benefits package for your needs.
Our consultants will get to know your company so they can suggest the most suitable recommendations for your benefits program. They will also assist with implementation and administration. The consultant will conduct periodic reviews of your program to ensure that it remains compliant with the ACA and any other applicable regulations.
Are you looking for a Tucson Group Health Insurance & Employee Benefits Plan? Click the quote button to get an instant quote.
Partnering with Taylor Benefits Insurance to design your benefits package is a smart move. We have the advantage of deep knowledge of the insurance industry and experienced professional consultants. Our team will design a comprehensive benefits package that satisfies your employees’ need for insurance and other benefits but doesn’t wreck your budget.
We are proud of our 30-year history of exceptional service. We are committed to helping our clients choose, implement, and manage their benefits programs. We look forward to working with you. Please call 800-903-6066 to get started.
Written by 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.
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