So you are trying to figure out how to lower your health insurance cost? Your company has less than 10 employees and your health insurance rates are horrible because you are age and sex banded! Your health insurance agent tells you ” it is what it is until you hire more people”.
What if I told you that your company that has less than 10 employees can receive the same rates as a company with 300 employees or more? Sounds to good to be true?
Here is how this can be achieved for your company. There are companies called PEO’s (Professional Employer Organizations) that specialize in everything human resources related. This also included your largest expenses of payroll, health insurance, and workers’ comp insurance. What these companies do is they take out a master workers’ comp and health insurance policy with A rated carriers for their company. They keep adding other companies to their policies just like your company. Pretty soon they have 10’s and 100’s of thousands of employees under their policies and this creates a massive buying power for the entire group. This also minimizes the risk of each group and keeps your company from having larger than expected increases.
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peoboa.com
Based In Jacksonville, FL Serving the entire U.S