Providing comprehensive health insurance is crucial for attracting and retaining top talent in today’s competitive job market. Professional Employer Organizations (PEOs) offer a streamlined solution for small and medium-sized businesses (SMBs) to provide robust health benefits without the administrative burden. By partnering with a PEO, companies can access large-group health insurance plans, often at more competitive rates than they could secure independently.

Benefits of Using a PEO for Health Insurance

• Cost Savings: PEOs leverage their large pool of employees to negotiate better rates with insurers, making health insurance more affordable for SMBs.
• Regulatory Compliance: Navigating healthcare regulations can be complex. PEOs ensure that businesses comply with federal and state laws, reducing the risk of penalties.
• Administrative Relief: PEOs handle benefits administration, allowing business owners to focus on core operations. Business News Daily

Top 5 PEOs for Health Insurance

Here are some of the leading PEOs known for their health insurance offerings:

Insperity

Insperity offers a wide range of health insurance plans, including medical, dental, and vision coverage, tailored to meet the diverse needs of employees.

Here are three key advantages of using Insperity as a PEO for health insurance:

1. Comprehensive Benefits Offerings
   Insperity provides access to a wide range of health insurance options, including medical, dental, and vision plans. These plans are tailored to suit the diverse needs of employees, ensuring they receive the coverage that best fits their circumstances.
2. Cost Savings Through Group Purchasing Power
   As a PEO, Insperity pools employees from multiple businesses to negotiate better rates with insurance providers. This group purchasing power allows small and medium-sized businesses to offer competitive health benefits at more affordable rates.
3. Compliance and Administrative Support
   Insperity ensures that businesses stay compliant with federal and state healthcare regulations. They also handle the administrative burden of benefits management, freeing up time for business owners to focus on core operations.

These advantages make Insperity a reliable choice for businesses looking to enhance their health insurance offerings through a PEO.

Learn More About Insperity PEO for Health Insurance

ADP TotalSource

ADP provides comprehensive health benefits and is known for its advanced technology platform that simplifies benefits administration.

Here are three key advantages of using ADP TotalSource as a PEO for health insurance:

1. Extensive Health Insurance Options
   ADP TotalSource provides access to a wide variety of health insurance plans, including medical, dental, vision, and even wellness programs. This flexibility allows businesses to offer tailored benefits packages that meet the diverse needs of their workforce.
2. Advanced Technology Platform
   ADP TotalSource is known for its robust, user-friendly technology that simplifies benefits administration. The platform allows businesses to manage enrollment, track employee benefits, and ensure compliance with ease, making the process seamless for both employers and employees.
3. Compliance Expertise
   ADP TotalSource offers expert support to help businesses navigate complex healthcare regulations, such as the Affordable Care Act (ACA). This ensures compliance, reduces the risk of penalties, and helps companies stay ahead of regulatory changes.

These advantages make ADP TotalSource an attractive option for businesses seeking a comprehensive and efficient solution to managing health insurance benefits through a PEO.

Learn More About ADP PEO for Health Insurance

TriNet

TriNet specializes in industry-specific health plans, offering customized solutions that align with various business sectors.

Here are three key advantages of using TriNet as a PEO for health insurance:

1. Industry-Specific Health Plans
   TriNet specializes in offering tailored health insurance solutions designed to meet the unique needs of various industries. Whether you’re in technology, financial services, retail, or healthcare, TriNet provides plans that align with the specific demands of your business sector.
2. Comprehensive Health Benefits
   TriNet offers a broad range of health insurance options, including medical, dental, vision, and wellness programs. They partner with top-tier insurance providers, ensuring employees have access to high-quality coverage and competitive benefits packages.
3. Expert Compliance Support
   TriNet provides robust compliance assistance to navigate complex healthcare laws and regulations, such as the Affordable Care Act (ACA). Their team of experts ensures your business stays compliant, reducing the risk of costly penalties and helping you manage regulatory changes seamlessly.

These features make TriNet an excellent choice for businesses looking for industry-specific, high-quality health insurance solutions through a PEO.

Learn More About TriNet PEO for Health Insurance

Justworks

Justworks is praised for its transparent pricing and user-friendly platform, providing access to high-quality health insurance options.

Here are three key advantages of using Justworks as a PEO for health insurance:

1. Transparent Pricing and Simplified Administration
   Justworks stands out for its straightforward and transparent pricing model, making it easy for businesses to budget their health insurance costs. Additionally, its user-friendly platform simplifies benefits administration, allowing businesses to manage employee health plans, enrollment, and compliance efficiently.
2. Access to High-Quality Health Insurance Plans
   Justworks partners with reputable insurance carriers to provide employees with robust health insurance options, including medical, dental, vision, and mental health benefits. These comprehensive plans are tailored to meet diverse employee needs, enhancing satisfaction and retention.
3. Regulatory Compliance Made Easy
   Justworks offers expert guidance to ensure businesses comply with federal and state healthcare regulations, such as the Affordable Care Act (ACA). This reduces administrative burden and mitigates the risk of costly compliance errors.

With its combination of cost transparency, quality health benefits, and compliance support, Justworks is a strong choice for businesses seeking a PEO to enhance their health insurance offerings.

Learn More About Justworks PEO for Health Insurance

Paychex

Paychex offers a variety of health insurance plans and is noted for its exceptional customer service in benefits administration.

Here are three key advantages of using Paychex as a PEO for health insurance:

1. Wide Range of Health Insurance Plans
   Paychex provides access to a variety of health insurance options, including medical, dental, vision, and wellness programs. Their flexible plan offerings allow businesses to customize benefits packages to meet the diverse needs of their employees.
2. Strong Customer Support
   Paychex is renowned for its excellent customer service, offering dedicated support teams to help businesses with benefits administration. This hands-on assistance ensures smooth enrollment, quick resolution of issues, and personalized guidance on optimizing health benefits.
3. Compliance Expertise and Risk Management
   Paychex helps businesses stay compliant with healthcare regulations, such as the Affordable Care Act (ACA) and state-specific mandates. Their expertise reduces the risk of non-compliance penalties and ensures that employee benefits are managed according to current laws and best practices.

These advantages make Paychex a reliable choice for businesses seeking a PEO that provides comprehensive health insurance solutions with a focus on support and compliance.

Learn More About PAYCHEX PEO for Health Insurance

Considerations When Choosing a PEO

When selecting a PEO for health insurance, consider the following factors:

• Plan Options: Ensure the PEO offers a variety of health plans that cater to your employees’ needs.
• Compliance Support: The PEO should assist with adhering to healthcare regulations to avoid legal complications.
• Customer Service: Responsive support is essential for addressing any issues that may arise with benefits administration.
• Reputation: Research reviews and testimonials to gauge the PEO’s reliability and performance.

Partnering with a reputable PEO can provide your business with access to quality health insurance plans, streamline administrative tasks, and ensure compliance with healthcare regulations, ultimately contributing to employee satisfaction and business success.

Is Health Insurance Cheaper with a PEO?

Yes, health insurance is often cheaper with a PEO. By partnering with a PEO, small and medium-sized businesses gain access to large-group health insurance plans, which are typically more affordable than small-group or individual plans. PEOs use their collective bargaining power to negotiate lower premiums and better benefits with insurance carriers. This cost-saving advantage is particularly beneficial for businesses that may struggle to secure competitive rates on their own.

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List of Popular PEO Companies For Health Insurance and It’s Contact Information

Here’s a list of well-known PEO companies, their headquarters, and contact details:

1. Insperity
   • Address: 19001 Crescent Springs Dr, Kingwood, TX 77339
   • Phone: (800) 465-3800
   • Website: www.insperity.com
2. ADP TotalSource
   • Address: 10200 Sunset Dr, Miami, FL 33173
   • Phone: (800) 554-1802
   • Website: www.adp.com
3. TriNet
   • Address: 1 Park Place, Suite 600, Dublin, CA 94568
   • Phone: (888) 874-6388
   • Website: www.trinet.com
4. Justworks
   • Address: 55 Water Street, New York, NY 10041
   • Phone: (888) 534-1711
   • Website: www.justworks.com
5. Paychex PEO
   • Address: 911 Panorama Trail S, Rochester, NY 14625
   • Phone: (877) 273-2510
   • Website: www.paychex.com
6. Oasis Outsourcing (a Paychex Company)
   • Address: 2054 Vista Pkwy, West Palm Beach, FL 33411
   • Phone: (866) 709-9401
   • Website: www.oasisadvantage.com
7. CoAdvantage
   • Address: 3350 Buschwood Park Dr, Tampa, FL 33618
   • Phone: (888) 925-2990
   • Website: www.coadvantage.com
8. Vensure Employer Services
   • Address: 2600 W Geronimo Pl, Chandler, AZ 85224
   • Phone: (800) 941-6581
   • Website: www.vensure.com
9. Prestige Employee Administrators
   • Address: 538 Broadhollow Rd, Melville, NY 11747
   • Phone: (631) 249-7744
   • Website: www.prestigepeo.com
10. PEO Spectrum (PEO Broker)
    • Address: 501 West Broadway, Suite 800, San Diego, CA 92101
    • Phone: (888) 981-1950
    • Website: www.peospectrum.com

If you’re considering a PEO, it’s always a good idea to reach out directly to confirm their offerings and suitability for your business needs. To get matched up with PEO companies that match your unique needs, click below.