Getting a quality health benefits plan is a constant challenge for growing businesses in Illinois. It takes expertise to find the right provider, comply with all the regulations, and administer the plan. Partnering with an experienced PEO simplifies this process while strengthening coverage options.
NetPEO can help you find Illinois PEOs with insurance service personnel who can help you find great plans with cheaper rates. PEOs have the power to negotiate competitive rates on comprehensive policies normally out of reach.
By partnering with a PEO, you can keep your employees healthy and happy, and make your company more attractive to prospective candidates. Contact NetPEO to get free quotes from qualified PEOs that can help you.
Comprehensive Plans Tailored for Your Business
When you partner with an Illinois PEO, they will take the time to understand your unique business and employee needs. Their experts research the best insurance options available within your industry and location.
The PEO will present several carefully selected plans from highly rated carriers that provide strong coverage at competitive monthly rates. Beyond just medical, they can bundle additional benefits like dental, vision, life, and more.
You have the flexibility to customize aspects of your chosen plans like deductibles, out-of-pocket maximums, and premium cost-sharing structures. The PEO ensures all options comply with state and federal regulations and administers the program on your behalf.
Large-Scale Purchasing Power at Small Business Prices
PEOs in Illinois negotiate health insurance agreements with carriers based on the aggregate number of employees covered across all of their client companies. This collective pool provides PEO companies leverage to demand more favorable terms.
Through this leverage, you gain access to plans that would otherwise be out of reach. You’ll get benefits comparable to larger companies despite your workforce size. The PEO can minimize rate increases year after year through their bargaining clout.
Your premium contributions will likely be lower going through a PEO than arranging coverage independently. You may qualify for better underwriting with more design options at reduced administrative fees. The cost savings translate directly to your bottom line.
Worry-Free Regulatory Compliance
Staying abreast of continually changing employment laws and insurer rules is a full-time job. You have enough on your plate without also being an expert in compliance. That’s where partnering with a PEO takes immense pressure off your shoulders.
By outsourcing compliance to a PEO, you gain strategic support while eliminating expensive fines for mistakes. This allows your undivided focus on mission-critical tasks that fuel your growth.
A PEO can handle compliance issues with payroll taxes, workers’ compensation, state and federal labor laws, etc. Talk with NetPEO and we’ll discuss how to prevent regulatory compliance problems before they start.
Voluntary and Ancillary Benefits Administration
PEOs can also offer your employees access to an array of supplemental benefits. Common voluntary options include life insurance, accident coverage, critical illness protection, and hospital indemnity plans.
Managing dozens of individual benefit policies consumes extensive administration time. However, your PEO partner centralizes billing, customer service support, enrollments, and claims processing for all voluntary benefits through their platform.
This simplifies benefits communication and administration for both you and your employees. It’s just one more service that enhances the value of working at your company.
How NetPEO Helps With Illinois PEO Health Insurance Services
As a PEO broker, NetPEO works exclusively with top PEOs nationwide to match growing businesses with the best co-employment partners. Our expert consultants take the time to understand each company’s unique challenges and goals.
NetPEO vets the market to identify PEOs that can deliver comprehensive health plans through economies of scale. They present side-by-side comparisons of your options, highlighting key considerations like costs, benefits, compliance support, and available networks.
Leveraging NetPEO removes the strain of an intricate PEO search and selection process. You gain their expertise, representation, and protection so you can focus on operating your business.
What Other Services Can a PEO Provide?
Here are some other key services that Illinois PEOs typically offer besides group health insurance:
- HR Administration – PEOs handle tasks like onboarding new hires, benefits enrollment, payroll, compliance reporting, performance reviews, training programs, etc.
- Worker’s Compensation – PEOs obtain workers’ comp insurance and file all documentation/claims on behalf of client companies to ensure coverage and remain compliant.
- Retirement Benefits – Many PEOs facilitate retirement plans like 401(k)s, simplify enrollment, track employer matches, and address regulations.
- Compliance Expertise – PEOs remain up to date on constantly changing employment laws to advise clients and assume responsibility for adhering to all Illinois/federal statutes.
- Risk Management – PEOs help clients implement safety training programs, prevent workplace injuries through assessments, and reduce liability/litigation risks.
- Payroll Processing – PEO Payroll teams carefully handle payroll tax filings, wage processing, audit support, and other pay administration tasks.
- HR Services – Toolkit development, handbook updates, onboarding/offboarding assistance, and employee relations support.
Contact NetPEO for a Free Quote
Partnering with an Illinois PEO for health insurance services provides business owners with a comprehensive solution for managing health insurance. Owners save significant time and money by outsourcing responsibilities to a PEO while gaining strategic guidance.
If your small business is ready to simplify the process of offering quality health insurance, contact NetPEO today for a free quote and consultation. Our seasoned team will work to understand your unique situation and match you with a top-rated Illinois PEO with health insurance services.
