- Providing world class service and value for employee benefit group plans since 1987
Employees are key to the success and vitality of a small business. Yet, small businesses often can’t compete with larger business budgets to hire top talent. When small businesses want an edge on the competition, they craft a competitive benefits package. This helps to recruit and keep top talent.
According to a Society for Human Resources Management (SHRM) 2018 Employee Benefits survey, more than one-third of organizations (34 percent) increased benefit offerings in the last 12 months (1).
Group health benefits insurance coverage can include standard health, dental, vision, death, disability, critical illness, health savings accounts (HSAs), wellness benefits, health screenings, and paid parental leave (including adoption and foster care). The cost and amount of coverage offered varies, depending on company and employee premiums selected.
One of the biggest benefits of participating in a group health insurance plan for your small business is shared cost and affordability. Employers can cover all employee medical liabilities in one convenient plan at a cost-effective rate.
Employees benefit in group health insurance plans because their premiums won’t be as high. Insurance carriers offer affordable alternatives versus seeking independent insurance. The group health insurance model is attractive to potential employees and may make existing employees more likely to stick around.
Taylor Benefits helps small businesses establish a balance between benefits and value. We provide employee benefit plans for the following: health insurance, dental insurance, vision insurance, short and long term disability insurance, 401k, retirement & pension, section 125 cafeteria, HSA, life insurance, long term care, ACA (Affordable Care Act), corporate health insurance and employee benefits, and large groups.
A group health insurance plan helps everyone save money, adding value, offering better insurance plans, lower prices, and more coverage for pre-existing conditions. Costs are usually lower for employers and employees due to a larger risk pool. More people equal more options, and generally less cost.
Employees like this. They are proud they can afford insurance for themselves and their family. It’s also less money out of pocket for the employee. Small businesses can keep top talent with an attractive benefits package.
Every small business could use a way to save money on their taxes. Group health benefit packages allow businesses (in most cases) to get a credit on their taxes. They are compensated for the money they are spending to buy the group health plan.
Small businesses agree, the most valuable assets are employees. They are the ones that create opportunities to make money. Without them, would you be able to run your business? Keeping employees happy is an important advantage of group health benefits.
Employees are more likely to appreciate their position. They care more about their job because of added benefits. They also feel supported. Promoting a culture of value and appreciation, increasing your chances to keep top employees.
When choosing a company to buy group health benefits with, make sure they follow ACA requirements, meet your employees’ needs, provide options, and offer premiums to fit your budget.
Taylor Benefits has been providing group health insurance and employee benefit plans to the United States since 1987. Located in San Jose, CA, we specialize in group plans for businesses large and small. We pride ourselves on finding a plan that will fit both the coverage needs and budget of your company.
According to a survey conducted by the California Healthcare Foundation, insurance premiums in California have increased by 170 percent in the past 10 years, making reduced healthcare costs a critical concern for employers. As an independent broker, we work with all carriers that are competitive in the marketplace to find plans that are a good fit for both your company and its employees.
Find out how easy it is to get started by giving us a call today at 1-800-903-6066 or fill out the free online proposal form to the right. Start providing affordable, quality benefits to attract and retain the best employees.
When offering a benefit package to employees, small business owners need to understand the legal requirements that apply in their state. Compliance typically involves following both federal and state laws. On the federal level, laws like the Affordable Care Act, the Employee Retirement Income Security Act, and the Family and Medical Leave Act set minimum standards for certain benefits and reporting. State regulations can vary widely and may include rules about health insurance coverage, paid sick leave, disability insurance, and retirement contributions. Some states also have specific requirements for part-time employees or small employers that differ from federal rules. To remain compliant, it is important to verify the exact regulations in your state, maintain proper documentation, provide required notices to employees, and stay updated on any changes to the law. Consulting with a benefits advisor or legal professional can help ensure that your benefit package meets all legal obligations.
Employees typically value health insurance, retirement plans, paid time off, and flexible work options as top benefits.
Many workers see benefits as part of their overall compensation. Health coverage, retirement savings, and paid leave provide long term security and financial protection. Because of this, employees may consider a job with strong benefits more attractive even if the salary is slightly lower.
Offering small business benefit packages helps attract stronger candidates, increases application volume, and builds trust during hiring. They signal stability, improve job appeal, and help employers compete with larger companies in competitive labor markets effectively.
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 just started working with Taylor Benefits and could not be happier. Todd gave us quite the education as well as some time saving tools to help us manage our HR and save money too. We are looking forward to a long relationship!”
-Carol, Accounting Manager, recruitment marketing company, Campbell, CA
We’re ready to help! Call today: 800-903-6066