Toledo Group Health Insurance & Employee Benefit Plans

Taylor Benefits Insurance is an independent insurance writing agency with over 25 years of experience in the field. As an independent agency, we write custom group healthcare insurance plans for clients, and we can write one for you too. Clients are groups of 50 people or more who are interested in getting great insurance.

Our plans easily beat those offered by established insurance providers and the federal exchange. We are not in competition with Obamacare or insurance providers, so we can offer clients unique plans for their unique healthcare needs.

Our plans are comprehensive and can provide you with the healthcare you need. If you are unsatisfied with your current individual, family, or group healthcare insurance plan and you want something better, contact an independent agency like Taylor Benefits Insurance.

Toledo OH Large Group Health Insurance Plans

The Affordable Care Act requires that every company with more than fifty workers offer health insurance to at least 95 percent of their workers. Further, the business must ensure that the insurance policies include the designated essential benefits the ACA requires and meets the affordability standards. Finally, companies can adopt any insurance structure they prefer, whether they choose a PPO, HMO, or POS, as long as it offers the required coverage and affordability.

If a business is big enough, it may give employees a choice between policy types, which may enhance employee satisfaction. For example, some subscribers may want a “bare-bones” option with a lower premium even though it costs more for the services that they use. These plans may make sense for consumers who don’t expect to need frequent medical attention and who can afford to pay the cost of expenses that they incur. Others want the security of a lower deductible and lower co-payment, even if their monthly premium is higher. Some workers prefer the flexibility of a POS or PPO structure over an HMO network’s constraints since subscribers are often limited to specific providers with an HMO. If a large company has enough workers to sustain the variety of plan choices, workers will likely be more content with their program.

Toledo OH Small Business Health Insurance Plans

Health insurance is expensive, making it hard for small businesses to offer coverage to their workers in the absence of an ACA mandate. While almost half of the small companies provide access to insurance, 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). By establishing these accounts, small businesses can facilitate a method for their workers to use their pre-tax income to pay 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 the high insurance cost. 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.

Toledo, OH Employee Benefit Plans and Employee Benefit Packages

The Society for Human Resource Management (SHRM) is a professional organization that serves as a resource for human resource managers and executives. SHRM estimates that overall, 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. Still, most workers expect to get benefits, including these typical choices:

• Health insurance (required for large companies but optional for smaller firms)
• Paid time off for illness, holidays, and vacations
• Retirement assistance

Other benefits that employees would also like to have include:

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