If you run a growing business, you know there are a lot of administrative tasks you need to do to keep your business running. Trying to navigate the health insurance market can be tiring and time-consuming. This is especially true because the Affordable Care Act has drastically changed the health insurance market.
Joining an employers’ professional organization (PEO) is one way to simplify the process of finding a health plan for your company. However, different PEOs offer different options for you and your employees. This means that finding the right PEO can replace finding the right health plan.
If you need help finding a PEO that offers the right health plan for your business, contact NetPEO today. As a PEO broker, we are here to help you find the right PEO for your business. Even if you’ve had bad luck with a PEO in the past, NetPEO is committed to making sure you’re completely happy with your next PEO partner.
Understanding the Role of a PEO
PEOs are companies that work with small and medium-sized businesses to outsource human resource functions. Instead of handling salary, benefits, and regulatory compliance yourself, you can entrust these tasks to the PEO. How much you outsource depends on your company’s needs and what services the PEO offers.
When you work with a PEO, you sign a collective labor agreement with the company. That makes PEO a listed company for your employees. This affects the company name on your employees’ paychecks and their tax records. That doesn’t mean you lose control of how you run your own business.
PEO Health Plan
Once you have signed an employment contract, your employees will have access to the same health package that is offered to all employers who have signed an employment contract with a PEO. This means your employees may have access to health care packages that are usually too expensive for most small or medium-sized businesses. With more employees at risk of making every employee sick, insurance companies can offer their plans at higher rates at competitive rates.
However, what health plans are available to your employees depends on the PEO you join. Depending on the size of the PEO and the decisions they make, you may not be entirely happy with the health plan options available.
The Importance of Finding the Right PEO
Making your employees happy is an important step in reducing turnover, as job satisfaction affects whether your employees stay with you or leave to find another employer. If you join a PEO that offers a wellness package that doesn’t meet the needs of your employees, you may be looking for a new employee.
Finding the right PEO can be a pain. According to NAPEO, you have nearly 1000 options when it comes to potential PEO partners. Making sure you find one that offers the right services for your business, including a health plan that meets your needs, can take some time.
NetPEO is here to simplify the process of finding a PEO partner for your growing business. Rather than offering a single solution, our PEO brokers work with you to understand your organization’s unique needs and challenges. Based on the information you provide, we will find a selection of PEOs from our network of trusted partners.
We also understand that your needs change over time and sometimes business relationships don’t work out. That’s why we contact you regularly to ensure your PEO partnership meets and exceeds your expectations. If you are not completely satisfied with your current PEO, we are here to help you find a PEO that better fits your current needs.
Have NetPEO Help You Find the Right Health Plan
If you need access to a better health plan through PEO, call us at (678) 841-7195 or message us using the form on this website. We’ll talk to you about your healthcare package needs, as well as any additional staffing concerns you might want to help.
Worried about price? NetPEO is completely free for business owners looking for a PEO partner. You have nothing to lose and you can win a better health plan for yourself and your employees. So call today!