Rhode Island Group Health Insurance & Employee Benefit Plans

Rhode Island Large Group Health Insurance Plans

These health coverage services include:

Employer-sponsored insurance must also meet affordability standards, including limits on premium expenses and requiring the plan to cover a set level of potential subscriber costs. These are considerations that are set in place to protect the wages earned by employees. Some states, like Nevada and Georgia, have added other provisions to the list of mandated benefits. In Rhode Island, insurers must offer these additional services:

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

While small business employers (with fewer than fifty workers) don’t have an obligation to offer health insurance to their eligible employees, they may want to. Health insurance is a top wish-list perk for full-time employees and recruits. The U.S. Bureau of Labor Statistics estimates that almost half of small businesses offer insurance to their workforce, but enrollment is low. That might be because the workers get health coverage from another source or find the cost too high. Regardless of whether your business is based in Rhode Island, Nevada, or Georgia, we’re here to help find an affordable plan that suits your needs and fits within your budget.

1. Clinical trials for new cancer therapies
2. Diabetes care management
3. Durable medical equipment (prosthetics and orthotics)
4. Hearing aids
5. Infertility treatment (this requirement is limited to any nonprofit plan except those providing supplemental coverage to governmental programs)
6. Lyme disease screening and treatment
7. Reconstructive surgery following mastectomy
8. Off-label prescription drugs for cancer treatment
9. Wigs

Rhode Island Small Business Health Insurance Plans

The ACA has excellent resources and support for small businesses that want to offer Rhode Island health insurance, establishing valuable links between businesses and health insurance companies. In addition, there are tax credits for some companies to reduce the administrative burden. Your Taylor Benefits Insurance consultant can help you navigate the options.

Rhode Island requires employers with an average of eighteen or more workers to offer paid sick leave. Employees earn one hour of sick time for every 35 hours they work, a system aimed at safeguarding health and wages. Smaller companies must also provide sick leave but do not have to pay workers for the time off. In either case, employees can accrue up to forty hours per year. In addition, Rhode Island offers paid family health insurance, referred to as temporary caregiver insurance, for four weeks to care for a new child or a seriously ill family member.

Rhode Island Employee Benefits Plans and Employee Benefits Packages

Aside from the partially paid temporary caregiver leave, Rhode Island’s Parental and Family Medical Leave Act requires companies with fifty or more workers to allow up to thirteen weeks of unpaid but job-protected leave.

Feel free to call 800-903-6066 for more information about the Rhode Island health insurance marketplace, deductible amounts, in-network providers and for a free consultation. We also provide links to resources for health insurance options in Nevada and Georgia.

The Affordable Care Act, perhaps more commonly known by the nickname Obamacare, has changed a number of rules regarding how group coverage benefits are administered, causing significant updates to the wage- and budget-related aspects of health coverage. In order to maximize your business’ cost efficiency, it’s important to understand the new opportunities available under the Affordable Care Act, as well as some new challenges you may face. That’s where our content-rich experience comes in.

Relevant Statistics

• More than 85% of employers in Rhode Island provide group health insurance coverage for their employees.
• Rhode Island boasts an average employee participation rate of over 95% in group health insurance plans.
• The average deductible for group health insurance plans in Rhode Island is $750, ensuring affordable access to healthcare.
• Approximately 90% of group health insurance plans in Rhode Island offer coverage for preventive care services with no copay.
• Rhode Island has seen a significant decrease of over 30% in the uninsured rate among groups covered by employer-sponsored health insurance.

General Facts

• Rhode Island requires businesses with 50 or more employees to offer group health insurance.
• Group health insurance in Rhode Island covers a range of medical services, including doctor visits, hospitalization, and prescription drugs.
• Employers typically share the cost of group health insurance premiums with their employees.
• Rhode Island group health insurance plans must comply with state and federal regulations to ensure adequate coverage.
• Small businesses in Rhode Island may be eligible for tax credits when providing group health insurance to their employees.

Rhode Island Group Health Insurance & The Affordable Care Act

Taylor Online Benefits has been providing assistance to Rhode Island businesses, helping them find affordable and effective group health benefits plans, since well before the Affordable Care Act. We’ve been effective in helping clients adjust to the new regulations during its implementation and navigate through the various links within health insurance companies.

Are you looking for a Rhode Island, Nevada, or Georgia Group Health Insurance & Employee Benefits Plan? Taylor Online Benefits is prepared to serve you with confidence!Upon clicking the “quote” button, you’ll engage our broker services to provide an instant quota relative to the size of your workforce and various other eligibilities. Your health and the health of your employees is a vital part of our commitment. We diligently partner with other companies to develop plans that are specifically tailored to meet the needs and expectations of your diverse employees, irrespective of their gender, the color of their collar, or their job description. These plans also work in accordance to your salary limitations. They ensure that the advantages of good health care, like those provided by our partner HealthSource RI, are passed on to your employees – considering your bottom line while doing so. Families of employees are also incorporated in these plans as beneficiaries.

For a better understanding of what your employees are looking for in their healthcare benefits, peruse our informational menu. Begin by visiting the “Learn the Basics” section of HealthSourceRI, Rhode Island’s official state healthcare marketplace. Apart from Rhode Island, we also extend our customer service to states like Colorado and Virginia. We offer shopping advice for suitable plans and assist in managing your company’s healthcare account, no matter the place of operation.

Despite the federal mandate requiring health insurance coverage for individuals being repealed, Rhode Island (and several other states) approved a state-level mandate to replace the federal rule. Everyone can benefit from comprehensive insurance coverage. It’s well worth checking out whether you fall under the Virginia or the Colorado state-based mandates.

Do you need a group plan for your Rhode Island-based business? If so, call Taylor Online Benefits today to learn how you can offer your employees a cost-effective healthcare and benefits package that meets their needs and propels your business forward. Get started right away with a FREE cost estimate!

Frequently Asked Questions About Health Insurance And Employee Benefits Plans in Rhode Island

The most significant benefit of subscribing to a large group health insurance plan is the opportunity for all subscribers to pay lower premiums than they would pay for individual policies. This is possible because the insurer can spread the risks among more participants regardless of gender, allowing lower per-person costs.

Here are some frequently asked questions about Rhode Island health insurance: