Wichita Group Health Insurance & Employee Benefit Plans

Wichita group health insurance plans

Wichita KS Large Group Health Insurance Plans

Large companies with more than fifty employees must offer health insurance that satisfies the ACA standards for affordability and adequate coverage. Many companies already provided insurance coverage to their workforce before the ACA became law. Still, they didn’t have to meet specific requirements. For example, the affordability standard limits the employee’s share of the premium to no more than 9.61 percent of their gross income. As a worker’s pay increases, the amount they pay for coverage can also rise accordingly. As a result, some companies charge higher-paid employees a larger share of the cost.

Companies can offer workers a choice between policies if at least one has a subscriber cost below the threshold. It’s acceptable that other options can cost more, assuming they provide better coverage. Each plan has a metal tier designation (bronze, silver, gold, or platinum) that describes the value. For example, bronze plans are the least expensive and must cover at least sixty percent of the anticipated costs for a subscriber while including the ACA’s ten essential benefit categories. A silver, gold, or platinum plan may have a higher premium but absorb more of the usage expense.

Wichita KS Small Business Health Insurance Plans

The ACA doesn’t mandate insurance plans for small companies with less than fifty workers. One reason is that insurance coverage can be a significant expense and the administrative aspect is a burden for small businesses. However, some smaller companies want to help employees get coverage because they recognize that the cost can also create a burden for the worker.

One way to help is to offer a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This program allows employees to pay for medical expenses with pre-tax dollars they can set aside in an account. The employer can contribute to the account, but that’s optional.

If a business creates a QSEHRA, it must open it to all full-time employees. Then, the company decides each year if it wants to contribute to the funds. However, they can’t also have a group health plan or a flexible spending account (FSA). A consultant with Taylor Benefits Insurance can help you evaluate this option.

Wichita KS Employee Benefit Plans and Employee Benefit Packages

If a company wants to attract and hire key talent, the right salary isn’t enough; it must also provide an excellent benefits program. A comprehensive package usually starts with health insurance, especially for large companies. After that, employees also want paid time off for vacation, holidays, and illness.

Other benefits that help with recruiting and retention include:

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

Wichita Group Health Insurance & Employee Benefit Plans

If you want the best healthcare insurance plan for your money, you should consider contacting an independent agency like Taylor Benefits Insurance. Taylor Benefits Insurance provides clients with group healthcare insurance plans nationwide. Our plans are better than plans found on the federal exchange or plans offered by established insurance providers.

We do not rely on, nor are we limited by, these plans or providers since we are not in competition with them. Even with the essential health benefits mandated for inclusion by Obamacare, our plans are custom-written for our clients. With over 25 years of experience writing custom Wichita group health insurance plans for clients, we have the ability to offer employee benefit plans with more comprehensive benefits at more affordable rates. Contact an independent agency like Taylor Benefits Insurance today if you think group insurance may be for you.

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

The Benefits of Group Insurance

We offer the following base health benefits in all our group healthcare insurance plans. If you need health benefits not listed below, contact us and we can add them to a custom plan for you.

Typical Problems with Group Insurance in Wichita

8.4% of the average annual expenditures Wichita (Kansas) residents paid in 2015 was spent on healthcare. 8.4% is a large percentage to spend on anything, let alone healthcare. While healthcare is a necessity, Wichita residents do not need to spend this much. They can access healthcare at a more affordable cost with a group healthcare insurance plan.

The only problem with group healthcare in Wichita is that more people do not know about it! Group healthcare insurance plans are cheaper, custom-written, and provide more benefits to residents than similar plans found on the federal exchange or offered by established insurance providers. Stop paying 8.4% and start paying less for more with group healthcare insurance from an independent agency!

Wichita group health benefits and employee insurance plans

Why You Need an Independent Agency to Write Your Plan

As an independent agency with no competition from established insurance providers or the federal exchange, we are able to write our own custom group healthcare insurance plans. Our clients, after being left unsatisfied by the plans offered to them, seek us out for a better solution. With group healthcare insurance, we can help our clients get the health benefits they need at a lower cost. If you are a Wichita resident and you are looking for more affordable, more comprehensive healthcare insurance, you should consider enrolling in group healthcare insurance.

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

Relevant Statistics

  • Over 80% of businesses in Wichita provide group health insurance for their employees.
  • The average annual premium for group health insurance plans in Wichita is $6,500 per employee.
  • Approximately 90% of employees covered under group health insurance in Wichita have access to dental benefits.
  • Group health insurance in Wichita typically covers an average of 75% of medical expenses.
  • More than 95% of group health insurance plans in Wichita offer prescription drug coverage as part of their benefits package.

General Facts

  • Wichita offers various group health insurance plans for employers and their employees.
  • Group health insurance helps cover medical expenses for a group of people, typically employees within a company.
  • These plans often provide coverage for doctor visits, hospital stays, prescription medications, and preventive services.
  • Many group health insurance plans in Wichita allow employers to contribute towards the cost of premiums.
  • Group health insurance can help attract and retain talented employees by offering comprehensive healthcare coverage as part of the employment package.

The Taylor Benefits Promise

Reduce the costs you pay for healthcare! For a free estimate, contact Taylor Benefits Insurance today. We want to show you the difference between group and individual insurance plans. One you see them, switching to a group healthcare insurance plan will be a no-brainer. There is no obligation to enroll in a plan, and no payment is necessary, to receive an estimate. Contact us today.

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