Using a PEO Company to Offer Healthcare

Managing healthcare insurance for a small business can be the second-largest expense after employees salaries. A PEO company can help your business minimize costs, and add value to insurance plans.

What is a PEO?

For businesses that are growing, but not ready for a full-time HR person, a professional employer organization (PEO) is a good option. The PEO is an outsourced solution for HR, payroll, benefits, compliance, and workers compensation. This also allows the employer to focus on the day-to-day work, and the PEO will handle your business backend office. Retire at 21 to understand the different types of PEO companies.

More than Healthcare Insurance

PEO companies provide an entire package of HR employee benefits and services. Outsource your human resource needs to a PEO company, and you can also access services such as health insurance administration, workers compensation administration, unemployment insurance claims and management, full payroll services, recruiting and background checks, and onboarding new employees.

Advantages of using a PEO company to offer healthcare:

Healthcare with a PEO vs. Healthcare on Your Own

On Your Own

With a PEO

Takeaway

A PEO company has the numbers that a small business owner doesn’t when it comes to needing health insurance for employers and employees. A PEO is often a good option for a little to mid-sized business to get affordable health insurance, better benefits, and human resource management.

It doesn’t matter if you are looking into partnering with a PEO for healthcare insurance, or are interested in all of the services they can provide, research PEO companies for the best rates.

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