Florida doesn’t require businesses to carry health insurance beyond workers’ compensation, but health insurance is one of the best benefits you can give to make your employees happy and to increase the quality of your staff. However, getting health insurance as a small business can be quite difficult.
NetPEO connects small businesses with PEO health insurance services that are often superior to what they can get on their own. If you’re frustrated with high premium quotes or the complexity of employer health insurance, our Florida PEO Insurance Services can help you through the process of finding a plan that covers your needs and stays within your budget.
Why Health Insurance Is so Important to Employees
If an employee gets a better job offer or can gain access to a better benefit package, you risk losing that employee. One of the most sought benefits from an employer is good health insurance. In fact, many employees will work for a slightly lower salary if they can also get good health insurance.
There’s no question that health care is incredibly expensive. The cost savings from good insurance compared to paying out-of-pocket for health care provide a powerful incentive for employees to stay with an employer. It gives employees a sense of security to know there’s an insurer they can rely on for care.
Healthier employees are also happier, have higher morale, and are more productive. This can translate into higher profits for your company and help you grow your business. Offering health insurance isn’t just good for employees, it’s also good for the business!
Why Health Insurance Is So Expensive for Small Businesses
If you have tried getting health insurance for your business on your own, you know they typically charge you per employee. The fewer employees you have, the more expensive the premiums are per person. Small businesses may have to get worse plans or pay enormous premiums to offer this benefit.
However, by working with a Florida PEO company for health insurance services, you can solve the cost and quality problems. The PEO can negotiate on your behalf by combining your labor pool with all of their other clients.
Instead of getting insurance for five people, the PEO may have access to hundreds. This large pool of employees makes it much easier for the PEO to negotiate better deals with the insurers. You can get enterprise-level benefits through a PEO at far lower rates.
Workers’ Compensation
Workers’ compensation is often the first health insurance a company will buy for their employees. The reason for this is Florida labor regulations. Depending on your business, you may need to get coverage as soon as you have a single employee.
If you don’t have workers’ compensation and you’re required to have it, you can face fines. Worse, if an employee gets hurt on the job, you could be held liable for their damages. This could destroy your business.
When you talk to us about health insurance services, we’ll ask you about your workers’ compensation coverage. If it’s not there or if you don’t have enough, we can connect you with a Florida PEO who may help you get a better policy.
Will I Lose Control with Co-Employment?
Co-employment agreements are controlled by a contract where the responsibilities of each side are spelled out clearly.
When you work with a PEO, you can outline exactly what tasks you want the PEO to perform and which ones you’ll retain. If you already have HR or payroll staff, you can have the PEO act as an assistant to them. It’s a very flexible system.
The only reason a PEO might push back against your actions is if they are warning you that you could break a regulation. Small businesses can often have regulatory problems as they grow. Having a PEO can protect you from the consequences of breaking regulations.
What Else Can a PEO Help Me With?
PEOs help with HR and payroll tasks that are vital for business operations yet require experts to do it right. As your business grows, tasks you may have done on your own as a business owner may become too time-consuming or complicated to manage without interfering with your core business.
Partnering with a PEO frees up your time so you can focus on what makes your business grow profitable rather than the minutiae of administration. Plus, you’ll get peace of mind knowing that a professional is there to handle problems like payroll disputes, harassment claims, regulatory inquiries, policy creation, and much more.
Hiring full-time staff to handle these tasks may be too expensive for a small business. A PEO can usually do it for a lower rate while still providing an expert’s level of service.
Speak with NetPEO for a Free Quote
The first step to getting health insurance for your company at a reasonable rate is by calling NetPEO. We will discuss the needs of your business and how partnering with a PEO can help your company. After learning what you need, we’ll look through our nationwide list of PEOs to find the ones that best suit your company.
If you choose to use one, we will contact you periodically to make sure the company still meets your requirements. If they don’t, we can help you switch. This follow-up process is one reason we have a 97% satisfaction rating from our clients.
It’s simple to get started. Call the number on your screen or send us an email to schedule your consultation meeting. We offer free quotes. Find the Florida PEO health insurance services your company needs by calling right now.
