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Health Insurance & Employee Benefits
At the core of employee retention is Employee Benefits. The big companies know that providing a choice of high-quality benefits to their employees helps attract and retain top talent. Unfortunately, for many small and mid-sized businesses, health insurance and employee benefits can be costly and difficult to manage. On average, small businesses have been experiencing increases of over 12% annually for major medical. Small businesses have been at the mercy of too few carriers with increasing deductibles and copayments.
PEO’s (Professional Employer Organizations) provide small businesses a package of Fortune 500 style benefits to you and your employees, keeping your small business competitive with the much larger corporations. Having a PEO manage your benefits package will not only save you money, but eliminate the time associated with negotiating, managing and enrolling employees. Your PEO’s benefit package can contain: Health, Dental, Vision, Short and Long Term Disability and Group and Voluntary Life Insurance.
Consider the following when looking for a PEO, as services vary from one PEO to the next:
- Do you currently offer Health Insurance and or supplemental benefits?
- Is health carrier and or network important to you?
- Do you offer a 401(k)
- Do you operate in more than one state?