Have you been wondering why companies use a PEO and if it’s right for you? Below are a few reasons companies say yes to the PEO model for their health insurance.
TO PEO for health insurance, If You Want:
Lower medical premiums
Better medical coverage
Ability to offer multiple medical plans to your employees
More employee perks such as: dental, vision, life, short term disability, long term disability, employee assistance, 401K and many more
Lower health renewals
NOT TO PEO for health insurance, If:
You are satisfied with all of your employee benefits & rates
You do not want to outsource any of your non-revenue generating processes
Have fewer than 5 employees (honestly, it’s usually not cost effective)
The majority of companies benefit from using a PEO to gain efficiencies, access fortune 500 benefits, reduce cost, improve cash flow and have access to experts to guide them in the day to day life of an employer.
See if a PEO is right for you…