Port St. Lucie Group Health Insurance & Employee Benefit Plans

Port St. Lucie FL Large Group Health Insurance Plans

The Affordable Care Act mandated that large businesses (employing fifty or more workers) provide health insurance for their workers. The law includes several requirements for coverage, including an affordability standard. The employee’s share of the premium must be less than 9.61 percent of their income to be considered affordable. So, if an employee earns $50,000, the affordability threshold is approximately $4,805. Employers must also offer coverage for dependents, but that offer doesn’t have to satisfy the affordability standard.

Also, the plan must pay at least 60 percent of the total cost of anticipated medical services for a typical subscriber. Finally, every health insurance plan must cover 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

Port St. Lucie FL Small Business Health Insurance Plans

SHOP is the Small Business Health Options program created by the Affordable Care Act to help small businesses provide health insurance to their employees. A company with fifty or fewer employees can check SHOP to research options and find out if they qualify for tax credits. Also, your Taylor Benefits Insurance consultant can help you investigate the plans available and navigate the rules.

Of course, you aren’t mandated to provide insurance access to fewer than fifty employees. Still, many companies find that top talent wants the option of company-affiliated insurance coverage. It’s an excellent way to attract and retain skilled employees.

Port St. Lucie FL Employee Benefit Plans and Employee Benefit Packages

Health insurance and paid time off from work are typically the most requested employee benefits. While small companies may not always provide health insurance coverage, large and small usually give some paid time off to full-time workers. Sick leave is standard, and paid vacation time is often available with larger companies.

Many businesses offer disability insurance to their employees. Companies must maintain workers’ compensation policies in Florida (and almost every state). However, for other injuries and illnesses that keep someone from working, pay depends on having disability coverage. Some employers pay for short-term coverage and facilitate long-term coverage at the individual’s cost. So, long-term disability is one of the “voluntary” benefits that employees may sometimes buy with a discount through their employer but with no subsidy. Other examples include life insurance, pet insurance, long-term care insurance, and legal plans.

The most highly sought-after benefits by employees before joining any company are health insurance benefits. Most employers provide group health insurance policies for their employees, together with their dependents, at an affordable rate. This is a great way of maintaining skilled staff and cutting down on recruitment costs. Port St. Lucie is the most populous city in Florida, with a rapid population growth, meaning industries and companies are growing and developing quite fast. Healthcare plans in Port St. Lucie, located in the second largest city in America, Florida, could be very costly making employers’ hesitant in offering this service. However, finding affordable health insurance has become easier with recent reforms. We now have independent health care agencies like Taylor Benefits who offer affordable group insurance to companies.

Group Health Insurance and Employee Benefits

The employer bears the cost of providing group insurance to its employees; therefore it is important to invest wisely. Group health insurance offers the same benefits to all employees or group members. It covers inpatient, outpatient, emergency services, ambulance transport and prescription drugs.

Who Are We?

Taylor Benefits Insurance Agency is a leading group health insurance broker that specializes in employee benefits plans. With over 25 years of experience, we craft group health insurance and health benefits to fit your company’s needs. We have different plans to suit both your coverage needs and budget. We offer choice and flexibility in your group coverage and benefits. What’s more, we have an online HR management system to complement our services. We work with all insurance carriers throughout the United States to find the best plan for your employees.