Washington Group Health Insurance & Employee Benefit Plans

For nearly 30 years, Taylor Benefits Insurance Agency has been servicing the nation’s businesses by providing them with low-cost health insurance and employee benefit options. Offering a flexible, low-cost group plan will help your Washington company attract and maintain experienced employees.

To receive the best options and the lowest premiums and rates, give us a call, and we will even provide you with a FREE quote. We will evaluate how many employees you have in your company and advice accordingly.

Washington Group Health Insurance & Employee Benefit Plans

Our experienced and licensed insurance brokers will discuss all your health insurance and employee benefit plans before giving you an estimate. During the creation of your health plan, we will make sure that it remains in compliance with the requirements of the Affordable Care Act as well as all local, state and federal laws. This will keep your company from facing government penalties. It also qualifies your business for tax breaks.

Throughout the duration of the term of your plan, we conduct yearly audits to make any necessary adjustments while assuring you continue to meet the standards of the healthcare act.

Health Insurance and Benefits Options to Add to Your Group Plan

  • Group Benefit Plans- health, dental & vision
  • Pension Plans and Retirement Plans
  • Short and long-term disability insurance
  • 401K Plans
  • Section 125 Cafeteria
  • HSA
  • FSA
  • HMO
  • PPO
  • Life Insurance
  • Long-Term Care
  • Worker’s Compensation
  • ACA Compliance
  • Washington large group health insurance

Our insurance agents are able to modify your plan and make adjustments whenever you find it necessary. They’ll even negotiate the costs of your plan as well as your premiums with the insurance carriers to find you the lowest possible prices. We want to make sure that our clients and their employees remain happy with their policies. This will only help your business grow and rise above your competition in Washington state.

Washington Large Group Health Insurance Plans

While most large employers provided health insurance to their workforce even before the ACA, the legislation created certain entitlements that standardized insurance plans’ coverage. It also defines an affordable health plan (currently, workers can’t be required to pay more than 9.61 percent of their gross income toward the cost of their premium for individual coverage). In addition, employers’ plans must pay sixty percent of typical expenses for patient care.

In Washington, on average, employers pay 85 percent of the cost of coverage for their employees, and workers are paying a low amount (compared to other states) as a percent of median income. In addition, Washington state has a detailed list of services that insurers must provide in addition to the ACA essential benefits. The requirements vary according to plan size but include chemotherapy medications, chemical dependency treatment, colorectal exams, contraceptive services, diabetes management, congenital abnormalities, and more.

Washington Small Business Health Insurance Plans

Small businesses which choose to provide health insurance for their employees must also provide a plan that includes the ten essential components, but keep in mind that offering insurance is not required for companies with fewer than fifty full-time workers (or full-time equivalent employees.)

Small businesses that offer health insurance coverage may be eligible for tax credits and assistance in accessing qualified plans. Taylor Benefits Insurance can help you evaluate your choices and look at small business health insurance to provide coverage while holding down costs.

Relevant Statistics

  • Over 90% of employers in Washington offer group health insurance to their employees.
  • The average deductible for group health insurance plans in Washington is $1,800.
  • More than 80% of Washington residents who have employer-sponsored group health insurance are satisfied with their coverage.
  • Approximately 70% of small businesses in Washington provide group health insurance options to their employees.
  • Group health insurance premiums in Washington have increased by an average of 5% annually over the past five years.

General Facts

  • Washington Group Health Insurance refers to health insurance plans offered to groups of people in the state of Washington.
  • These group health insurance plans typically provide coverage for a wide range of medical services, including doctor visits, hospital stays, and prescription medications.
  • Employers often offer group health insurance as part of their employee benefits package in Washington.
  • Group health insurance plans in Washington may have different coverage options, such as HMOs (Health Maintenance Organizations) or PPOs (Preferred Provider Organizations).
  • Group health insurance premiums are usually shared between the employer and employees, with each party contributing a portion towards the cost of the insurance.

Washington Employee Benefit Plans and Employee Benefit Packages

In Washington, employees may be eligible for paid family and medical leave of up to eighteen weeks per year. The payment amount depends on the employee’s pay relative to state averages. Workers are also eligible for paid sick leave, with a minimum accrual of one hour for every forty hours worked. The law does not cover some exempt professional employees.

More than half of workers in the state have employer-provided dental care coverage, and over 40 percent receive vision insurance. In addition, just over half have access to an Employee Assistance Program.

Frequently Asked Questions About Health Insurance And Employee Benefit Plans in Washington State

Here are some answers to common concerns regarding health insurance plans in Washington:

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

A large group health insurance plan is an insurance plan for businesses with more than 50 employees in most states. There is no legal maximum threshold for companies to be eligible for large group insurance; as long as a company has more than 50 employees, it can qualify for large group insurance.

While group plans are easy to work with, they provide the same health benefits for all employees. However, employers need not worry about subsidized coverage if one of their employees has unique requirements.

How Do Small Business Group Health Insurance Plans work in Washington?

When an employer purchases a small group health insurance, eligible employees can enroll if they choose to participate. As long as a business has 50 or fewer employees, they qualify for small-group health insurance. Small group health insurance works by providing all participating members with the same health insurance benefits. The health care coverage would depend on the employer’s plan and health insurance company and the rates and premiums. Whether small or large, most group insurance requires at least a 70% participation rate from group members.

In Washington, What is Normally Included in the Benefits Package?

What an employee gets in their employee benefits package largely depends on their company. However, some standard benefits are commonly offered to employees in their benefits packages, such as medical insurance, paid time off, life insurance, dental insurance, retirement, flexible savings account, paid vacations, and sick leave. Others may include paid holidays, gym membership, and even educational assistance. While these benefits are the more common, some companies may provide additional benefits. 

How Much Do Employee Benefits Cost on Average?

The cost of employee benefits packages generally depends on what is included and what the company offers. For example, a company offering additional benefits like pet insurance and gym membership asides from the standard benefits like health insurance would have to pay more than one that offers only the common benefits. However, on average, it is estimated that employee benefits could amount to 31% of an employee’s total compensation, while the remaining 69% comprises wages.

To arrive at the cost of an employee benefits package, you’ll need to calculate the cost of each benefit you want to include. 

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.

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