The differences Between PEO Providers

Employee Leasing Services, a. k. a basic. Professional Employer Organizations or maybe PEOs, continue to grow dramatically- with over 1000 companies in each of them 50 states. But just as your business is unique to any built in, finding the right provider that are designed to deliver the benefits your needs isn't easy. Here are just a few of the differences between PEO people:

Workers' Compensation Insurance Variations:

Costs
States where coverage is only one provided
A. M. Best ranked vs. nonrated work comp carrie
Risk authorization (each company has dramatic differences in the industries they agree to! )
Ability to approve high experience modifiers or a bad claims history
Per claim deductibles (some have them, others don't)
True risk management services (or just a handbook? )

Health Care Produce Differences:

Costs
BCBS, Aetna, Human, United Healthcare (what's usually the one where you live? )
Deductible an option, co-pays and plans
Credits around deductibles paid if moving during the plan year
Management carve-outs, choice of plans to get the best employees
Extra charges for employees working in several states
Group enrollment (will they show up for enrollment and expect you to do all the work? )

Payroll Administration Differences:

Costs
Per check charge or payroll led percentage
Charges or no prices of interest for employee enrollment, garnishments, new hires, etc.
Delivery costs (these can vary dramatically from $0 - $25 per payroll! )
Payment an option: automatic withdrawal (ACH), wire transfers, company check,
cashiers' check
Remote check printing options
Pay card options
Secure-24 hour online access to your company information
Other Distinct Services:
401(k) costs and yearly fees (some PEOs actually contribute to your plan! )
Employer Practices Liability insurance (EPLI) charges and deductibles
Employee Consult with Programs (EAP).
Long and short timeframe disability insurance
Life insurance options
Dental & Vision plans

With so much choice and each claiming to be the best choice, let a PEO broker work on your behalf. You'll save time and money by receiving competing PEO advice, from providers that gives the benefits you requires!

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