Finding affordable, comprehensive group health insurance remains a top concern for many Texas employers. While individual plans offer less bargaining power, group plans give access to lower premiums and competitive benefits packages.
NetPEO makes accessing robust group coverage easier through its partnerships with trusted Texas PEO insurance services. As a licensed broker, NetPEO specializes in tailoring solutions sized for companies of any workforce.
Whether you have two employees or 200, partnering with a PEO through NetPEO’s broker services lets you bundle your workforce into a larger pool. Through this, you can offer coverage that attracts top talent while stabilizing administrative costs.
Why Health Insurance Is a Vital Benefit for Employers
Remaining competitive in the Lone Star State’s robust job market requires attractive benefit packages with health insurance. A Texas PEO company provide employers access to high-quality, affordable group health plans.
Providing health coverage shows your commitment to employees’ financial well-being beyond wages alone. Workers seeking full-time work give serious consideration to organizations offering insurance protections for their health and families.
With PEO-sponsored group plans, companies gain a powerful edge when vying for in-demand professionals. Co-employment group plans remove financial barriers between employees and comprehensive medical treatment.
How a Professional Employer Organization Can Help Protect Your Employees
Caring for your employees’ health and well-being should be a top priority as an employer. However, independently offering and administering quality benefits like health insurance can burden small businesses with complex compliance and rising costs.
Partnering with a PEO company allows addressing these issues to better safeguard your workforce. The PEO company will help you select stable, comprehensive options and smoothly handle managing this benefit for your company.
When employees have health insurance, they are far more likely to stay loyal to your business. Knowing that they have access to help should they ever get sick also raises employee morale and can lower costs through lower retention costs and higher productivity.
How PEOs Work
A professional employer organization, or PEO, is a company that provides HR and payroll services for other businesses that become their clients. By partnering with a PEO, business owners gain valuable support without having to develop these capabilities in-house.
Here are some of the features of working with a PEO.
Co-Employment Relationship
The PEO and the client company form a co-employment relationship. This means employees of the client company are co-employed by both the PEO and the client company. However, day-to-day operational control stays with the client company.
Consolidated Administration
The PEO handles core HR responsibilities like payroll processing, benefits administration, regulatory compliance, and training/development. This streamlines operations for the client company and frees up resources to focus on core business activities.
Strategic Support
Beyond transactional duties, an experienced PEO also provides strategic guidance on topics like talent management, organizational growth, and industry best practices. They can also develop employee manuals and other policy documents under your direction.
Cost-Effective Services
By combining multiple client company employees into a larger workforce pool, PEOs gain economies of scale that allow offering premium services at competitive prices. This benefits small to mid-sized businesses in particular.
The result is client companies gain access to expertise typically reserved for large companies without compromising on their core missions. The PEO relationship handles back-office needs professionally and in compliance with Texas regulations.
What Types of Businesses Benefit Best From Texas PEO Health Insurance Services?
A professional employer organization is not the only way for companies to tackle HR and payroll needs. A company could do it all in-house or use outsourcing, but PEOs have advantages for certain types of businesses.
PEOs are well-suited for fast-growing, geographically diverse, or compliance-dependent organizations lacking economies of scale. These include:
Small businesses: PEOs can help small companies offer enterprise-level benefits that they would not be able to afford on their own. This includes group health insurance benefits.
Startups and rapidly growing companies: When employee counts change rapidly, regulations and administrative needs can slow down your company. PEOs take care of administrative burdens so these companies can scale without slowing down.
Industries with high employee turnover: Some industries have an inherent high turnover rate. A PEO can help businesses in these industries streamline onboarding and offboarding many workers throughout the year.
Companies with limited HR expertise: Regulatory compliance is a specialized skill, and failing to comply due to a lack of knowledge won’t stop regulators. A PEO gives you access to dedicated professionals who can keep you from getting into legal trouble.
Multi-state or multi-city businesses: Different regulations across cities and states greatly complicate compliance and payroll tasks. A PEO can handle these for you.
Contact NetPEO to Partner With a Texas PEO for Health Insurance Services
Partnering with a Texas PEO for health insurance services gives you access to high-quality healthcare options designed specifically for Lone Star State companies. Through co-employment, even small businesses join larger risk pools to obtain premium benefits packages otherwise out of reach.
NetPEO connects Texas businesses with PEOs that can meet their HR and payroll needs. Whether you just need benefits administration or you need the entire range of HR and payroll services, we can put together a package that works for your needs and budget.
Offering group health insurance shows you care for your employees’ well-being – both financial and physical. Contact NetPEO today to learn more about tailored health insurance solutions through a Texas PEO.
