Understanding Employee Health Insurance Options

Are you a business owner who wants more information about employee health insurance options? The Yarbrough Agency is here to help!
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As a business owner, you are faced with many decisions throughout your day; one decision you shouldn't have to worry about is how to provide your hardworking employees the best employee benefits! When comparing employee health insurance, there can be many variables to understand, and it can be difficult to get the full picture. The Yarbrough Agency is here to help you understand the ins and outs of providing Group Health Insurance.


First off, as you may already know, there is currently an employer mandate requiring companies who employ more than 50 full-time employees, or full time equivalents, to provide health coverage. Otherwise, your company could face penalties. Whatever motivation you may have to provide your employees insurance, the Yarbrough Agency can help you understand the requirements of this employer mandate and how to best provide group insurance for you and your employees.


Also, employee health insurance and other supplemental employee benefits are most often integrated into a more comprehensive group insurance plan. Group insurance is a great way to offer employee benefits without creating undue costs. These plans often offer uniform coverage for all employees and their family members or dependents. Supplemental benefits most often offered include dental, vision, cancer, accident plans and voluntary life, amongst others. These benefits can be offered on either a voluntary or employer paid basis. These group insurance plans will be maintained by you as the employer and provided to your employees! Take the guess work out of employee health insurance with a comprehensive group insurance plan.


Employee benefits include more than just health insurance. Providing your employees with dental and vision plans can provide a greater incentive to them. You'll also be able to attract and keep top talent in your business! Additionally, you can also offer a cafeteria plan. Otherwise known as Section 125 of the IRS code, a cafeteria plan allows your employees to deduct certain expenses (employee paid premiums on some benefits) out of their gross income before their taxes are calculated, therefore reducing the cost of certain benefits to the employee and providing a cost savings to you, the employer, as well!


Maybe it’s time you contact The Yarbrough Agency to get started on your Group Employee Benefit package today?!