Yonkers Group Health Insurance

Yonkers is a vibrant city in New York offering a terrific lifestyle for young professionals. It is ranked the fourth safest city of its size in the country. For professionals seeking to live and work in this city the next concern after security is a competitive group health insurance and employee benefit package. The majority of job hunters are looking at perks beyond a decent salary. They are specifically interested in a benefits package that considers health care insurance. Therefore, by providing a comprehensive group health insurance and employee benefits package, you can be sure to increase the longevity of your current employees thanks to a low turnover.

Group Health Insurance and Employee Benefits

More than half of the Americans that have access to health coverage obtain it through their employers. That is, employers pay the premium or a big fraction of the premium covering a variety of health care expenses. This goes a long way in reducing the cost of health care coverage for employees while guaranteeing coverage for all applicants that are qualified. Group health insurance plans can be comprehensive to include a range of plans to meet the insurance needs of employees. Having a competitive plan will definitely endear you to job hunters because employees will feel that you care about their well-being and happiness.

Yonkers group health insurance plans

Yonkers NY Large Group Health Insurance Plans

Big companies must offer health insurance to their workers to comply with the Affordable Care Act, but they have options for doing so. For many businesses, the cost is a significant component of their choice. According to the 2022 Kaiser Family Foundation report on benefits, insurance costs continue to increase, not surprisingly. Yet, companies must hold the subscriber share below 9.6 percent of gross income, or they won’t meet the ACA affordability standard. That cost threshold is decreasing to 9.12 percent for 2023. Companies can also use alternative means like pay rate calculations and federal poverty level safe harbor levels to maintain hassle-free compliance.

Companies can use cost-saving methods like increasing the deductible or opting for an HMO or PPO system. For example, a business may save money with a high deductible plan, which can be combined with a health savings account (HSA) if it qualifies. However, the IRS requires a very high minimum deductible to qualify for an HSA. For 2023 the deductible for an individual is $1,500 (and $3,000 for family coverage.)

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

Insurance Products By Taylor Benefits

Taylor Benefits offers a wide range of group health insurance and employee benefit plans. These include:

Yonkers NY Small Business Health Insurance Plans

High-quality health insurance is costly, making it hard for small companies to offer coverage to their workers in the absence of an ACA mandate. Therefore, some prefer to explore other ways to help their workers with these costs.

One option is to sponsor a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). These accounts allow small businesses to facilitate an account for their workers to use pre-tax funds for healthcare. The QSEHRA lets companies help without taking on the expense and exposure of health insurance. The employer administers the program but doesn’t have to pay for the costs. Of course, the company can also contribute to the accounts, but that’s optional, and they can decide every year. Talk to your Taylor Benefits Insurance specialist about how QSEHRAs work.

Yonkers NY Large Group Health Insurance Plans

Yonkers NY Employee Benefit Plans and Employee Benefit Packages

The Society for Human Resource Management (SHRM) estimates that companies spend an average of thirty percent of their compensation budget on benefits. Of course, the amount varies depending on what the company includes in the package. Workers expect to get benefits, including these typical choices:

Other benefits that employees would also like to have include:

  • Flexible schedules
  • Life insurance
  • Disability insurance
  • Remote work
  • Childcare subsidies
  • Dental insurance
  • Vision insurance

Who We Are

We are a licensed independent group health insurance and employee benefits broker offering unmatched services for small businesses throughout Yonkers. With 30 years of hands on experience in crafting custom group health insurance and employee benefit plans, we guarantee you top-notch employee benefit plans that will give you an edge over the competition. We are committed to understanding your company’s needs as well as the needs of your employees before developing a plan that will answer to all your needs.

Yonkers group health benefits and employee insurance plans

Why Taylor Benefits

At Taylor Benefits, we understand that it can be daunting to determine a perfect group health insurance and employee benefits plan that will work well for your company and employees. Thus, we strive to offer positive solutions for your employee benefits needs while taking care of your bottom line. Our licensed and experienced group healthcare insurance experts will also ensure that your plans comply with the standards of the Affordable Care Act and other laws so that you are eligible for tax breaks.

Contact Us

Talk to us today if you are ready to make the bold move to offer your employees an affordable and comprehensive benefits package. You can fill out the free proposal form or call 800-903-6066 to speak to our insurance agents today.

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

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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