- Providing world class service and value for employee benefit group plans since 1987
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.
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.
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:
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.
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!
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.
The timeline for setting up a group health plan in Wichita usually takes about three to six weeks from the first consultation to the start of coverage. The process begins with an initial meeting to understand your company’s needs, employee count, and budget. Next, your broker gathers quotes from multiple insurance carriers and helps you compare plan options. Once you select a plan, the enrollment period begins, during which employees complete their applications and choose their coverage. After all forms are submitted, the insurance company finalizes the policy and provides confirmation of coverage. With good communication and prompt document submission, many Wichita businesses are able to have their plans active within a month.
Small businesses in Wichita can qualify for group health insurance by meeting the minimum employee requirements set by insurers, usually one or more full-time employees. You’ll need to provide employee information and choose a plan that fits your budget. An agent can guide you through available options, ensuring coverage meets your team’s needs while staying cost-effective.
A competitive benefits package can make a company more attractive to job seekers and encourage current staff to stay longer. Health coverage, retirement plans, and wellness benefits show employees that their employer values their well-being, which can improve morale, productivity, and long-term loyalty.
Many modern benefit plans include mental health services through counseling access, employee assistance programs, or wellness resources. These benefits support productivity, reduce stress, and contribute to a healthier workplace environment overall.
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