Any business that wants to grow its staff and stay competitive must offer health insurance. Yet getting a policy that won’t break the bank until you have more employees is tough. Insurers don’t like to cover small businesses at a reasonable rate. The solution is to find a company that can connect you with Duluth PEO health insurance services.
This is where NetPEO can really help you. We can connect you with Duluth PEO insurance services with great plans and benefits. Through them, you can purchase plans with a much larger labor pool and get many other advantages as well.
The Benefits of Health Insurance for Business
Health insurance is the most valued benefit in any organization, outside of a paycheck. Buying individual health insurance is extremely expensive. Employers can offer it for much lower rates. This creates an incentive for employees to stick around instead of going to another employer.
Health insurance also creates healthier employees. Companies with sick employees who cannot get the care they need are less productive. Employees also have lower morale in companies without health insurance because they feel less protected.
It’s also expensive for small businesses to get health insurance because there are too few people paying premiums, but there is a way around that. That’s through partnering with a company with PEO health insurance services in Duluth to access far better rates and plans.
What does a PEO Do for Me?
A PEO is a professional employer organization. They let businesses access experts in HR and accounting to handle tasks that would take too long or be too risky to do on your own for your business.
NetPEO is a broker that links companies with the right local PEOs to solve business problems. You can work with a PEO to handle all of your HR and payroll needs or split the workload with your existing staff.
A PEO bridges the gap between the small business owner who can handle one or two employees and the large company that can afford to hire their own in-house HR and payroll staff. As businesses grow, they require more administrative overhead to process payroll, solve labor disputes, comply with regulations, find new employees, and much more.
PEOs and Health Insurance Services
PEOs can help your company offer and administer health insurance plans that are affordable for your company and strong enough to be attractive to your employees. Smaller companies can have a lot of trouble finding an insurance plan that covers these two points.
When you co-employ with a PEO, they handle the negotiation with insurance companies for policies using a much larger labor pool. The PEO can combine all the employees of their clients into one group before looking for policies.
Insurers are much more likely to offer lower rates and better coverage if there are more people paying premiums. A PEO is the best way to gain high-quality insurance coverage for small businesses. So, if you need PEO health insurance services in Duluth, contact NetPEO for a free quote.
More than a Policy Provider
A PEO does much more than find the best policy for your business. They also administer the plan for your employees. They will keep track of costs and claims so your insurance stays affordable, answer questions from your employees about coverage, and much more.
Ultimately, a PEO will take all your questions and problems about company health insurance and handle them for you so you can focus on your core competencies and grow your business further.
Other Services We Provide
NetPEO’s brokerage services in Duluth won’t just solve your health insurance problems. By working with a PEO, you can solve a wide range of HR and payroll problems like:
- Payroll tax payments
- Direct deposit handling
- Employee portal creation and maintenance
- Policy and employee handbooks
- Regulatory compliance
- Benefits management
Every company has HR and payroll challenges. You can hand them all to a PEO or select just a few tasks to pass on to them. You have total control over which tasks you do, and they will never interfere with your core business.
How Expensive Is It to Partner with a PEO?
NetPEO offers two kinds of payment plans to suit the needs of growing Duluth businesses. The amount you’ll have to pay will depend on the level of services you need. Any health insurance plans you enroll in may also have their own fees outside of your PEO.
The two ways to pay are a yearly fixed rate based on the number of employees you have or a small percentage of your total payroll budget each month. Each has its pros and cons. During your consultation, we can discuss with you which will work best for your business.
Working with a PEO can also be a way to save money. Compared to the costs of facing lawsuits, regulatory fines, unemployment costs, and many other avoidable costs, the cost of hiring a PEO is far cheaper.
What If I Need to Change Insurance or My PEO?
One reason NetPEO has such a high customer retention rating is that we’re more than just a PEO broker. We regularly check in with our clients to see how their PEO relationship is going.
If you have complaints, we can communicate them to your PEO. We do our best to make sure the members of our network are among the top-rated PEOs in the industry. If you’re completely dissatisfied, we’ll help you find a new one that fits your needs.
Contact NetPEO Today for a Free Quote
If you’re seeking PEO health insurance services in Duluth so you can get your employees covered, you’ve come to the right place. NetPEO will listen to your needs and compile a list of PEOs that match your needs, business size, industry, and more.
To get a free quote, contact us by phone or through our contact page.