The fight between Mednax, the physician-staffing firm and UnitedHealth Group has a ripple effect that is impacting innocent bystanders. People who had anesthesia, parents who have babies in intensive care and even moms who have high-risk pregnancies could be receiving surprise bills for the care they received due to this feud. What is happening? There are certain Mednax doctors that can possibly … [Read more...]
How to Protect Your Company’s Digital Assets
It's the 21st century, and everything is digital, that is, online. In your business, you have digital assets that maybe you haven't thought about. These assets, like all your business assets, are valuable and should be protected. What Are Digital Assets? Digital assets are assets that exist online. Some of your digital assets might exist on your own servers or they may be "in the cloud." … [Read more...]
How Revved up are Family Healthcare Costs Today?
Imagine wanting to buy a new Harley-Davidson motorcycle and then finding out that the same amount of money covers your family’s healthcare costs for one year. This is actually more than just a nightmare scenario. An August 2019 analysis of healthcare costs by the Kaiser Family Foundation, a nonpartisan organization, found that overall job-based costs for a family of four is $22,000 annually. This … [Read more...]
What Employees Want, But Don’t Have
Once an employee lands a job, there are various factors that drive employees to stick around long-term. Of course, salary plays a major role, but over the past several years, workplace benefits are beginning to play an equally important factor. Finding and retaining top talent in today’s marketplace is tougher than ever. Competition is high and employees are looking for businesses that offer … [Read more...]
3 Critical Truths Every Business Needs To Know
The following three tips could potentially save your business lots of time and money. Timing is Everything In the PEO industry, timing can be everything. Much of the core workload for a PEO is administrative, and HR duties such as payroll and managing employee benefits require more attention towards the end of the year. Therefore, if you’re looking to make a PEO change by January, … [Read more...]
Group Health Insurance Costs Skyrocket in 2019
According to MoneyControl.com, corporate accounts can expect increases on group health insurance premiums from 15%-18% in 2019. Many have already seen this increase and even more will see a rise beginning April 1st. Insurance companies are reporting, “We had no other option but to raise premiums for products due to rise in costs of medicines, medical equipment, and hospitalization.” Many … [Read more...]
The Agency’s PEO
We are in the process of adding a few qualified P&C agents and brokers to our outsourcing program. This program is designed to partner with you and provide you with our portfolio of products and services, such as our No Down Payment, No Audit, Pay-as-you-go Workers’ Compensation Program, as well as a host of other programs. Following are just a few of the challenges that we can help you … [Read more...]
Medicare For High Income Beneficiaries
Rules For Higher-Income Beneficiaries People who have higher incomes are required by law to pay more on Medicare Part B and Medicare Prescription Drugs. This affects a little less than five percent of the population. Essentially, five in every one hundred people have to pay extra for medical insurance. This additional cost for higher income families is called the income-related monthly … [Read more...]
Medicare’s Annual Enrollment Period Is Now
Now is the time to look at Medicare for your eligible employees! Do you know which of your employees is eligible for Medicare? Now is the time to make sure your eligible employees are covered. Medicare Eligibility Requirements: Must be a US citizen and legal resident Must be age 65 or older If younger than 65 must have certain disabilities Can be any age with end-stage renal … [Read more...]
PEO Broker LLC Makes Offering Benefits Affordable & Easy
One of the most powerful ways to attract top talent and retain employees is to offer a great employee benefits package. For many employers, this can be expensive and hard to manage. PEO Broker clients can present a comprehensive employee benefits package to their staff that includes retirement savings, at a price they can afford. When you work with PEO Broker LLC our PEO’s master policies are … [Read more...]