Macon Group Health Insurance & Employee Benefit Plans

Macon GA Large Group Health Insurance Plans

The Affordable Care Act initiated many groundbreaking changes to healthcare laws in the U.S. One of the provisions requires businesses with more than fifty employees to offer affordable health insurance to their workforce. Another vital portion of the legislation eliminated restrictions on coverage for pre-existing conditions, which prevented people from accessing treatment for some illnesses if they switched jobs or insurance plans. Finally, the ACA implemented an affordability standard. The premium cost for the subscriber can’t be more than 9.6 percent of their gross income for individual coverage. In addition, every policy must include these essential benefits:

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

Macon GA Small Business Health Insurance Plans

Small companies may find the cost an obstacle in offering health insurance to their workers. Insurance expenses seem to rise annually, and small companies may have trouble keeping up with the price. One option to save money is a High Deductible Health Plan (HDHP) paired with a Health Savings Account. The plan’s deductible must meet IRS standards to be eligible for including an HSA. The minimum deductible for eligibility in 2022 is $1,400 for an individual or $2,800 for a family. However, deductibles may go much higher in many cases, up to the allowable out-of-pocket maximum of $7,050 for an individual subscriber or $14,100 for the family. These higher deductibles divert more charges to the subscriber and thus lower the premium cost. Also, the plan can’t cover most benefits until the subscriber pays the entire deductible amount.

However, Health Savings Accounts can help reduce subscribers’ overall burden by using pre-tax income to pay their medical costs. Often, the employer contributes to the HSA as well. Another advantage is that the account funds can roll over. If a worker has money in the account they don’t use in the calendar year they contributed it, they can roll it over indefinitely without paying taxes on the contributions or the earnings.

Macon GA Employee Benefit Plans and Employee Benefit Packages

A good benefits package should contain different elements to appeal to most of a company’s workers. For example, while most employees want health insurance and paid time off, preferences after that may depend on the workers’ current life circumstances. While large companies must offer health insurance due to the provisions of the ACA, about half of small firms provide it without being required to do so. Paid time off is often available from larger companies.

Beyond those perks, the top requests for benefits include:

• Family leave
• Dental and vision insurance
• Flexible working schedules
• Childcare support
• Tuition reimbursement

Macon city is one of the fastest growing cities in Georgia, and it has the largest trading area in its region. It is a very progressive city which means that employers have to be on their toes to be able to remain competitive in the market. Healthcare is considered as one of the factors that differentiates companies. An employer offering health insurance to their employees is attractive in the job market.

It is important therefore, for an employer to provide group health insurance to his employees. The employer is tasked with the responsibility of looking for an affordable insurance provider who will offer value and quality service. Taylor Benefits is a group health insurance provider available in Macon city, Georgia and across the United States.

Group Health and Employee Benefits

A group health insurance and employee benefits offers many benefits to both the employer and the employee. It is pocket friendly to the employer due to pooled resources. The relationship between the employer and employee is enhanced. Productivity among the employees goes up due to the wellness and preventive insurance which promotes a healthy workforce.

Group insurance and employee benefits offer tax relief to the company, since they are tax deductible. In Macon, companies offering a good group health insurance will attract the best employees and retain top talent.