Wisconsin Group Health Insurance

Wisconsin Group Health Insurance & Employee Benefit Plans

Whether you’re the owner of a small Wisconsin business or the Human Resources manager in a large corporation, you know it’s important to offer a comprehensive group health insurance and employee benefit plans to those who work for you. Providing employment to a diverse array of employees from fresh participants in the job market to dedicated retirees. Part of this crucial responsibility involves understanding elements like copay, deductible, and co-insurance. It’s also crucial to ensure employee rights like equity and inclusion are preserved within the framework of the employer contribution. By providing tools and resources, like detailed information pages for clarity, this healthcare information can be made comprehensible to your people, particularly those unfamiliar with the terms, as these components form an integral part of their out-of-pocket costs.

Having group medical plans makes it easier for your company to draw the interest of and retain qualified, hardworking individuals. Fortunately, by going through a reputable insurance broker, it is possible to find an affordable yet flexible health plan that satisfies the needs of your Wisconsin employees and their families. Part of the law involves sharing the particulars of these insurance plans with the employees, ensuring their rights to information are upheld.

Taylor Benefits Insurance Agency has been working diligently in the healthcare industry for over 25 years. We have helped businesses in Wisconsin and all over the nation get the right plan at an affordable cost. Through these years, we have been diligent participants in the sector, standing up for equity and inclusion. Due to our longstanding history in the industry, we have the opportunity to network with some of the leading insurance carriers around. This allows us to offer unique tools and strategies, like customising the employer contribution, to tailor our clients’ group health and benefits plans as necessary. We also negotiate with the carriers to obtain lower premiums for our clients.

Wisconsin Large Group Health Insurance Plans

Employers in Wisconsin enjoy lower health insurance costs than companies in many other states, which allows them to cover much of the cost for their workers and offer more choices. Eighty-seven percent of full-time employees in the state of Wisconsin have access to employer-sponsored coverage, and the employer pays an average of 78 percent of the cost for individual plans. These figures may be largely attributed to successful employer contribution strategies and tools employed by businesses across the state, creating an equitable environment for all participants, from full-timers to part-time retirees.

Wisconsin has a Family and Medical Leave Act that requires companies with fifty or more workers to provide unpaid leave for employees in connection with birth or adoption, plus their illness or that of a family member. It’s important to ensure all employees, including retirees rejoining the employment scene, know their rights regarding these policies, which can easily be done by providing them with an informational page.

  1. Ambulatory patient services (outpatient care)
  2. Emergency services
  3. Hospitalization, including surgical and medical
  4. Maternity and newborn care, including delivery
  5. Mental health and substance use disorder services
  6. Prescription drugs
  7. Rehabilitative services and devices
  8. Laboratory services
  9. Preventative and wellness services, including chronic disease management
  10. Pediatric services, including dental and vision care for children under the age of 19

In Wisconsin, 99 percent of businesses are classified as small companies, employing half the state’s workers. By adhering to the principles of inclusion and equity, these small businesses manage to be major participants in the state’s employment sector. To help these businesses, note that there is no special enrollment period for small business health insurance. Despite not being required by law to offer health insurance, if a small business owner wants to, the ACA SHOP (Small Business Health Options Program) can help.

  • Home health care
  • Hearing aids
  • Clinical trials
  • Diabetes Care Management
  • Reconstructive surgery following mastectomy
  • Prescription drugs for HIV treatment
  • TMJ (temporomandibular joint) disorders

Companies across Wisconsin are continually striving to improve their health insurance offerings to their employees. WTW (a global health consulting company) reported from its survey of insurers that companies are trying to hold costs down rather than pass them along to subscribers. In this pursuit of equity and affordability, employer contribution tools and strategies play a significant role.Aside from the required breaks for civic purposes, we also ensure every employee has enough time to handle their personal obligations, such as medicaid or medicare-related concerns, without disrupting their workflow.

Wisconsin Small Business Health Insurance Plans

Almost half of Wisconsin workers have access to dental care and a wellness program through their employer. Many companies recognize that providing benefits beyond basic health insurance is a great way to attract and retain talented staff. Ensuring employees have access to the latest news on health developments, allowing them to consult a doctor if needed, and providing easy login to their benefit portals are some of the fringe benefits offered by these companies.

Collaborating with our partners in the healthcare industry to deliver a comprehensive benefits package, employees have come to value the considerable contribution we make to their wellbeing. The benefits we offer vary in size fitting the employee’s status and position in the company.

Tapping into the benefits of Taylor Benefits, you can be confident that your health plan aligns with all local, state, and federal requirements, offering tax credit for those eligible. Yearly audits are conducted to ensure compliance with the Affordable Care Act and to keep you and your business out of penalties.

Hesitant? Give us a call today to learn more about your options for a group health and employee benefit plan. We will go over your options before presenting you with a FREE personalized quote!

Wisconsin Employee Benefits Plans and Employee Benefits Packages

In Wisconsin, health insurance plans can be rather complicated. However, here we provide answers to frequently asked questions to help you navigate successfully through them.

Large group health insurance illustrates mutual benefits for all members involved, including employers who make a vital contribution to their employees’ healthcare needs. Communicating in clear languages like English and español, we ensure a proper understanding of these benefits, fostering loyalty among our employees.

Small business health insurance plans are not left out; even businesses with 50 or fewer employees can take advantage of shared premium expenses, thus providing extensive coverage for all employees and their spouses.

  • Retirement savings support
  • Tuition reimbursement and student loan assistance
  • Flexible working schedules
  • Childcare support (and elder care assistance)

Relevant Statistics

  • Over 85% of employers in Wisconsin offer group health insurance to their employees.
  • Wisconsin has seen a 25% increase in the number of individuals covered by group health insurance over the past five years.
  • Approximately 95% of Wisconsin residents with employer-sponsored health insurance have access to preventative care services.
  • On average, Wisconsin employers contribute 75% towards the premium costs of group health insurance plans.
  • The satisfaction rate among businesses that provide group health insurance in Wisconsin is at an impressive rate of 92%.

General Facts

  • Wisconsin group health insurance refers to health insurance coverage provided to a group of people, typically employees, by an employer or organization.
  • It is mandatory for employers in Wisconsin with 50 or more full-time equivalent employees to offer group health insurance.
  • Group health insurance plans in Wisconsin typically provide coverage for medical services, hospital stays, prescription drugs, and preventive care.
  • Premiums for group health insurance in Wisconsin are usually shared between the employer and the employees.
  • In Wisconsin, group health insurance plans must comply with state and federal regulations to ensure a certain level of coverage for the insured individuals.

What Are My Group Plan Health and Benefits Options?

  • Health insurance
  • Dental Insurance
  • Vision insurance
  • Short and long-term disability insurance
  • 401K plans
  • Retirement & pension plans
  • Section 125 cafeteria plans
  • Life insurance
  • Long term care
  • ACA compliance
  • Worker’s compensation
  • HSA & FSA
  • HMO & PPO
  • Wisconsin large group health insurance

    The package of employee benefits varies based on the company’s choices. Financial benefits like retirement and 401k, health and wellness benefits such as gym membership, and flexible working environment are part of the offerings. Employers are obliged to provide necessary links to access these benefits information.

Shared cost of health insurance premiums between employers and employees is one significant advantage in Wisconsin. On average, employers shoulder 78 percent of the premium cost for their workers to get individual health insurance coverage.

Here in Wisconsin, we proffer unique benefits of working with a benefits insurance broker regardless of your business size or nature, be it employee wellness programs, mental health, or the larger group health insurance dimension.

Frequently Asked Questions About Health Insurance And Employee Benefits Plans in Wisconsin

In most cases, it can be tough to figure out your insurance needs without professional advice. This is especially true for group coverage, which our experts can tailor to meet your specific level of need.

What Are the Benefits of Large Group Health Insurance plans in Wisconsin?

Large group health insurance can be rewarding for all members involved, including the employers. For example, the premium an employer pays is likely to be lower than the person can obtain on their own. Also, employers can get tax benefits for the premiums employees pay as health insurance. Overall, it helps improve employees’ loyalty to the company as they feel more valued, and that contributes to a positive work environment.

In Wisconsin, What Is Considered a Small Business Group for Health Insurance Plans?

Small business health insurance plans are medical insurance plans purchased by small employers with 50 or fewer employees.

What Are the Different Types of Benefits Offered in Wisconsin?

Employee benefits packages differ from company to company and generally depend on what they choose to offer to employees. In many cases, the package may include financial benefits like retirement and 401k and paid family leave. Another type may consist of health and wellness benefits like medical insurance, gym membership, sick pay, and a flexible working environment.

What Percent of Health Insurance is Paid by Employers?

Employers and employees typically share the cost of health insurance premiums, saving money for both parties. ACA rules require that employee premium expenses not exceed 9.12 percent of their gross income (that’s for individual coverage, not including any dependent premium costs.) In Wisconsin, employers pay an average of 78 percent of the premium cost for their workers to obtain individual coverage.

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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