Greensboro Group Health Insurance & Employee Benefit Plans

Greensboro group health insurance plans

Greensboro NC Large Group Health Insurance Plans

The ACA (Affordable Care Act), popularly known amongst individuals as Obamacare, mandates that large companies provide health insurance for their workers. This law, a crucial company resource is applicable for businesses in diverse areas, including Durham and other locations nationwide, as well as in Raleigh. It revolves around the concept of coverage options tailored for businesses based on state policies. Further, it doesn’t solely apply to companies with fifty or more workers but also includes smaller groups as an option. The ACA marks a significant change in the health insurance landscape and has several provisions for affordability and quality. For example, to meet the affordability requirement, the premium a worker pays for individual Blue Cross NC coverage, provided by our dedicated staff at the insurance office, can’t exceed a certain amount, precisely 9.61 percent of their income. This content, which is easily accessible on our site, underlines the group benefits aspect of the healthcare sector. In addition, companies must also offer coverage to dependents but don’t have to meet that cost standard.

Also, insurers must design the plan, under the watchful eye of experienced doctors and an agent, to pay at least 60 percent of the total anticipated cost of medical services for a “standard” subscriber. Furthermore, every health insurance policy must cover a broad spectrum of service areas, including preventive measures and these ten essential benefit areas:

  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

Greensboro NC Small Business Health Insurance Plans

Small companies, faced with the challenge of providing their employees with the necessary products, may find it hard to provide affordable health insurance to their workers without exceeding their budget. These challenges could be especially problematic if there are changes in enrollment guidelines in the fetched Raleigh area. The ACA doesn’t require that they do so, but if they offer coverage, it must meet the ACA standards, which at times can be costly. One of the options for managing these costs can be a High Deductible Health Plan (HDHP) combined with a Health Savings Account. To qualify for using an HSA, the plan must incorporate a deductible that complies with IRS standards. Attractive for both employees and agents of the company, this type of plan requires a minimum deductible of $1,400 for an individual or $2,800 for a family in 2022. However, it can be much higher. The maximum allowed out-of-pocket expense is $7,050 for an individual subscriber or $14,100 for the family. These higher deductibles shift costs to the subscriber and thus lower the premium cost.

However, Health Savings Accounts help manage the subscriber’s overall expenses, reducing the amount they have to pay out-of-pocket, as they can use pre-tax income to pay their medical costs. In some cases, companies that value the health of their employees, as well as their employer-employee relationship, may contribute to the HSA as well. Also, the account funds can roll over. For example, suppose the worker has money in the account they don’t use in the calendar year they allotted it. In that case, they can roll it over indefinitely (even into retirement) without paying taxes on the contributions or the earnings.

Greensboro NC Employee Benefit Plans and Employee Benefit Packages

Employee benefits are a significant part of the overall job offer for employees considering where to work, as they often form a prospective employer’s value proposition. Even though small companies don’t have to offer health insurance, it’s the most common benefit for companies that provide any benefits. Time off with pay is also highly desired by workers and helps attract candidates. Other perks that employees want include:For the best healthcare insurance, quit the exclusions associated with individual or family insurance plans from established insurance providers or the federal exchange. Instead, gain access to more information regarding custom-written group healthcare insurance plans provided by independent agencies, specifically tailored for your family’s needs. Agencies like Taylor Benefits Insurance offers these services, presenting a PPO structure that notably benefits their members. As an employer, exploring these ways may significantly improve your team’s morale and satisfaction.

  • Family leave
  • Retirement support
  • Dental and vision insurance
  • Flexible working schedules
  • Remote work
  • Wellness programs
  • Childcare support (and elder care assistance)

Greensboro Group Health Insurance & Employee Benefit Plans

Independent agencies are not in competition with insurance providers, and their plans are not affected by plans offered through the federal exchange. As a result, families of clients receive better benefits and member-centric coverage, with insightful information on better rates and premiums. With over 25 years of experience in insurance writing, Taylor Benefits Insurance can help you save money with a group healthcare insurance plan. We pride ourselves in our successful operation, and this makes us as a member of the health insurance sector to consider seriously.

The following essential healthcare benefits are included in our group healthcare insurance plans for our families. Our clients seek us out for comprehensive coverage at an affordable rate. Information regarding all our plans is custom-written to better serve them. We also offer Medicare Advantage options for those eligible, ensuring that our range of choices serves a broad demographic.

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

Our Benefits Package for Clients

The following essential healthcare benefits are included in our group healthcare insurance plans for our clients. Our clients seek us out for comprehensive coverage at an affordable rate. All our plans are custom-written to better serve them.

Typical Problems with Group Insurance in Greensboro

Group healthcare insurance plans provide enrollees with more affordable rates and premiums. With a group plan, you can gain access to the same healthcare coverage or better. As a member, you pool your money with a group and use the group’s enhanced purchasing power and leverage to obtain better healthcare benefits and simplified access to coverage.

The process is straightforward and simple. All it entails is to sign up for group healthcare and let the independent agency do the rest. Independent agencies like Taylor Benefits Insurance write custom plans for family-oriented members, thereby offering the healthcare insurance you need at a more satisfactory rate, even with a co-pay involved. By pooling together resources and spreading the risk amongst a larger group, Greensboro group health insurance allows for more comprehensive coverage and potential cost savings for its members. Additionally, the collective bargaining power of the group can lead to better negotiating power with insurance providers, resulting in potentially lower premiums and more comprehensive coverage for participants. This can greatly benefit individuals and businesses in Greensboro by providing affordable and accessible healthcare options for all members of the community.

Greensboro group health benefits and employee insurance plans

At Taylor Benefits Insurance, we custom-write our plans to ensure that each family-oriented group client receives the healthcare it needs. Other plan providers do not custom-write their plans. With a custom plan, you can rest assured that you will receive the healthcare coverage your group needs, at a more favorable cost, compared to individual or family plans from insurance providers or the federal exchange. Greensboro group health insurance offers a wide range of benefits and coverage options, including access to a network of healthcare providers, preventive care services, and prescription drug coverage.

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

Why Independent Agencies are Better

At Taylor Benefits Insurance, we custom-write our plans to ensure that each group client receives the healthcare it needs. Other plan providers do not custom-write their plans. With a custom plan, you can rest assured that you will receive the healthcare coverage your group needs, at a more favorable cost, compared to individual or family plans from insurance providers or the federal exchange. Greensboro group health insurance allows businesses and organizations in the area to provide comprehensive coverage for their employees, fostering a healthier and more productive workforce. Additionally, by pooling resources, group health insurance plans can offer better benefits and negotiate lower premiums with insurance providers . This makes it an attractive option for small businesses and organizations in Greensboro looking to provide affordable and comprehensive healthcare coverage for their employees.

Relevant Statistics

  • Over 80% of employers in Greensboro provide group health insurance for their employees.
  • The average monthly premium for group health insurance in Greensboro is $370 per employee.
  • Approximately 90% of Greensboro residents with employer-sponsored group health insurance have coverage for preventive care services.
  • More than 70% of Greensboro residents who are eligible for group health insurance through their employers choose to enroll in the plans offered.
  • The average deductible for group health insurance plans in Greensboro is $1,200 per individual and $2,400 per family.

General Facts

  • Greensboro offers a wide range of group health insurance plans to businesses and organizations.
  • Group health insurance provides coverage for a group of people, such as employees of a company or members of an organization.
  • These plans typically offer more affordable premium rates compared to individual health insurance plans.
  • Group health insurance often includes benefits such as preventive care, hospitalization, prescription drugs, and specialist consultations.
  • Employers in Greensboro can choose from various insurance providers and customize their group health insurance plans based on the needs of their employees.

The Taylor Benefits Promise

Contact an independent agency to start saving money on your healthcare costs. Make sure you are not affected by Obamacare price and premium hikes in the near future. Enroll in group healthcare insurance plans. Taylor Benefits Insurance will provide you with a free estimate so you can see the difference in rates and coverage for yourself. No payment is necessary, and you do not have to enroll in a plan, to receive your estimate. Armed with such resources, people are empowered to make informed decisions about their healthcare.

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