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ManagedPAY’s Professional Employer Organization (PEO) offers worksite employees access to health coverage at the same affordable rates that large corporations enjoy, even if you have a small company with only a few employees. PEOs regularly offer a more robust benefits package, too.
By joining a PEO, small- to mid-sized companies join a larger group of employees (a.k.a., risk pool). This allows smaller employers to access EPLI, health insurance plans, dental, vision and 401(k) coverage, often at a lower rate.
Large health plan underwriters analyze claims data for the entire risk population and create standardized rates for all the risk categories covered under the plan. This is in direct contrast to small group age-banded rates which can be different for each employee based on age and location. Small groups may find that their “ACA-compliant” health plan has increased in cost with a significant decline in covered services and networks.
By joining a PEO’s large group plan, better benefits and rates may be available. Discover your options today.