Crafting a comprehensive benefits package is vital but often complex. As a leading professional employee organization (PEO) broker connecting businesses to high-quality PEO partners, NetPEO understands the importance of employee benefits for small businesses.
By leveraging relationships with top-rated PEO companies in Houston, NetPEO designs customizable benefits solutions for businesses through our network of PEOs. A PEO offers you the power of group purchasing power and HR/payroll expertise.
When you partner with a PEO accessed through NetPEO, you receive unmatched benefits administration and free time for your business. Plus, you’ll receive help staying compliant with employee benefit regulations.
Why Use a PEO for Employee Benefits Services in Houston?
PEOs stay on top of constantly changing employment laws and regulations regarding benefits at both the state and federal levels. They ensure your benefits comply with all required regulations and remove the burden of administration from your staff.
PEO benefit plans cover the combined risk of multiple companies. This allows for preferential rates, lower premium costs, and potential refunds if claims are lower than expected in a given year.
Some additional benefits of using a PEO company for employee benefits include:
- Administration burden relief – PEOs take responsibility for benefits enrollment, bill payment, COBRA administration, FMLA tracking, and compliance reporting to reduce HR workloads.
- Improved selection and plan design – Partnering with a PEO provides significantly more benefits options compared to what most small/medium businesses could access on their own. PEOs customize plans to the unique needs of each company.
- Streamlined communications – Employees gain a single point of contact at the PEO for all benefits-related questions, issues, and claims management.
- Assistance navigating claims – The PEO assists during the claims process, ensuring coverage approval and timely payouts when unforeseen medical expenses or injuries occur.
Common Types of Employee Benefits and Services to Choose From
When you consult with NetPEO, we’ll pair you with PEOs that offer the exact package of employee benefits and services you desire. Some of the benefits you can choose from include:
- Health insurance – Options include PPOs, HMOs, and HDHPs/HSAs. You can also get coverage for medical, dental, vision, pharmacy, and telehealth.
- Life and disability insurance – Short-term disability, long-term disability, life insurance, accidental death & dismemberment.
- Retirement plans – 401(k)s, SIMPLE IRAs, and SEP-IRAs with various investment options depending on the PEO.
- Voluntary/ancillary benefits – Accident insurance, critical illness insurance, hospital indemnity plans, legal services, identity theft protection, tuition reimbursement.
- Leave administration – Tracking and compliance for FMLA, sick leave, vacation, holiday, bereavement, jury duty, and military leave.
- Wellness programs – Resources promoting physical and mental health like biometric screenings, fitness reimbursements, and lifestyle coaching.
- Compliance support – Paying benefits, managing COBRA, filing reports, and attending to audits and inquiries on your behalf.
- HR administration – Payroll, document storage, policy handbooks, onboarding/offboarding checklists, and personnel file management.
- Online benefits enrollment platform – User-friendly enrollment portal to view plans and costs, and to elect coverage for efficient open enrollment periods.
How Else Can a Houston PEO Help My Company?
Employee benefits services are just one way a Houston PEO can help your company. PEOs can help with many other administrative needs, such as:
- Payroll processing – PEOs take on the burden of payroll admin including tax filing, payments to vendors, and payroll forms.
- Unemployment insurance management – Handling all UI claims, appeals, and reporting to help lower costs.
- HR support – Assistance with recruiting, hiring, performance reviews, employee relations, compliance, and record keeping.
- Training and development – Access to online courses and workshops to help employees improve skills.
- Workers’ compensation coverage – Arranging appropriate coverage and representing you in claims disputes.
- Safety programs – Guidance on OSHA compliance like training, equipment, signage, and incident reporting.
- Risk management advisement – Identifying and addressing workplace risks before they become bigger issues.
- Employer and industry updates – Keeps you abreast of changing regulations through regular communications.
Co-Employment With a PEO Is Cost-Effective for Businesses
Working with a PEO creates a partnership through co-employment. This relationship makes it cost-effective to provide better employee benefit services than you could on your own. The reason is that this arrangement lets PEOs pool their employees into a large group.
This lets them have greater bargaining power with benefits providers and lowers premiums for all of their clients. There are other cost savings as well through reducing administrative workloads, staying compliant with regulations, and lowering your overhead expenses.
Long-term, good benefits lower the cost of employee turnover because employees are more likely to stay if they have access to comprehensive benefits. They will also help attract talent more easily and lower recruitment costs.
Connect With NetPEO to Find a PEO in Houston With Employee Benefits Services
Partnering with a PEO through NetPEO provides Houston-area companies with unmatched employee benefits solutions. By leveraging group purchasing power and extensive industry expertise, PEOs administer affordable, comprehensive, and compliant plans that attract top talent.
If your organization desires to enhance benefits offerings while reducing administrative costs, don’t hesitate to contact NetPEO today. One of our representatives would be happy to provide you with a free quote and discuss how a Houston PEO with employee benefits services could benefit your company.
