HEALTH INSURANCE
Health Insurance & Employee Benefits
Comprehensive employee benefits programs are of critical importance to both employers and employees, often spelling the difference between attracting and losing top-notch employees. With the PEO’s buying power health insurance and other benefits are purchased at discount prices and that savings is passed on to you and your employees.
- Health Insurance (HMO, QPOS, PPO)
- Dental Plans (DHMO, PPO)
- Vision Discount Plans
- Voluntary Life Insurance (up to a maximum of $100,000)
- Supplemental Insurance Plans (Accident insurance, Cancer protection, Heart/Stroke care)
- Voluntary Short Term Disability
- 401(k) Retirement Plans
- Flexible Spending Accounts (Medical Reimbursement and Dependent Ca
- Health Insurance (HMO, QPOS, PPO)
- Dental Plans (DHMO, PPO)
- Vision Discount Plans
- Voluntary Life Insurance (up to a maximum of $100,000)
- Voluntary Short Term Disability
- 401(k) Retirement Plans
- Flexible Spending Accounts (Medical Reimbursement and Dependent Ca
- Supplemental Insurance Plans (Accident insurance, Cancer protection, Heart/Stroke care)
We Saved Over $20,000 a year in health insurance alone
Through The PEO My Gets All The Same Benefits As A Fortune 500 Company
Phoenix Business Journal -
About Health Insurance
Smaller companies have a harder time controlling costs because they are made up of fewer people. With health insurance, the health of one or two employees can have a drastic effect on your price. That is the advantage large employers have. They can spread the risk out over a greater number of people. When a health insurance company is quoting an employer for health insurance a lot of factors are taken into consideration for pricing (these factors can vary state by state and between small employers and large employers).
Items the Health Insurance Companies Look at for Pricing :
If your company employs a lot of older people (late 40’s and above) there is a good chance your health insurance plan will be more expensive than a company who employs a majority of very young workers.
is located. If you live in an area such as New York City, the hospitals can be more expensive than in other parts of the country. So, if the cost to the health insurance company is going to be more than they pass that on to you.
your company. If your company has submitted a lot of claims in the recent past the health insurance company could view this as a trend within your company and adjust for expected claims they might have to pay out in the future.
your employees. Women in their 20’s and 30’s are more susceptible to maternity and child care costs. Older men are more susceptible to diabetes, heart attacks and cancer.
Certain occupations have shown that the workers are more likely to file claims such as construction workers, industrial workers and nurses.
How Do I Control My Health Insurance Costs?
- Become part of a PEO which has thousands of insured lives to spread the risk and has great buying power. And if your company is a healthy group, you can even get discounts which could drastically lower your costs.
- Join an association which pools employers to create more buying power from the health insurance companies.
- Opt for a health insurance plan with a higher co-pay or bigger deductible. Also, the plans which limit your access to only their network can typically be less expensive.