PEO Employee Benefits Administration
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Employee benefit plans for small businesses
Top-Tier PEO Health Insurance Options for Your Employees
Employee benefits play an integral role in employee satisfaction and retention. A Hierl Insurance study from 2018 indicated that health insurance is “very or extremely important” for over 80% of employees when changing jobs. Amid current public health concerns, benefits like medical, life, disability, and supplemental insurance are even more crucial in employment decisions.
By partnering with a PEO, SMBs can give their employees access to a wide range of medical, dental, vision, life, disability, and supplemental insurance plans from leading insurance providers. A PEO also enables SMBs to offer additional employee benefits like commuter benefits, travel discounts, and exclusive access to local entertainment.
- Nationwide medical coverage through Oxford, UnitedHealthcare, and Aetna
- Numerous health plan options: HMO, EPO, PPO, POS, and HDHPs
- MetLife and Sun Life dental plans with multiple options
- MetLife and UnitedHealthcare in and out-of-network vision plans
- Extensive networks of participating physicians, specialists, and hospitals
- Global travel plans
- Transparent cost comparisons for competing plans
Disability, Life, and Supplemental Insurance Plans
Help your employees plan ahead for life’s unexpected turns. Life insurance, disability insurance, and supplemental insurance options provide your employees and their beneficiaries with the protection they need in the event of a highly impactful or tragic life event.
Available plans cover just about any situation, offering you and your employees greater peace of mind.
- MetLife basic term life/AD&D and supplemental term life
- MassMutual whole life insurance
- MetLife short-term and long-term disability insurance
- UnitedHealthcare accident, critical illness, hospital insurance
- Aflac group accident, critical illness, hospital and short-term disability insurance
- Employee Assistance Program
Optional Employee Perks & Discounts
A PEO enables SMBs to offer additional employee benefits like commuter benefits, travel discounts, and exclusive access to local entertainment. Your employees also get access to exclusive programs to enrich their financial wellness, boost their physical health, and protect their devices from cybersecurity threats.
- Flexible Spending Accounts (FSA)
- MetLife legal plans
- Farmers Home & Auto program
- FinFit financial wellness program
- LifeLock with Norton identity theft protection
- MetLife Aura identity & fraud protection
- MetLife pet wellness insurance
- HealthEquity commuter benefits
- Entertainment benefits
Employee Benefits Administration and Support
Beyond simply reducing the costs for various employee benefits, a PEO also helps SMBs manage the administrative processes associated with them.
From online enrollment to ensuring proper compliance and educating employees on their PEO health insurance, PrestigePEO provides valuable support in making sure your employees are covered and aware of all the great perks available to them.
As technology becomes more deeply integrated into your employees’ daily routines, they’ll also expect innovative ways to digitally connect and manage their benefits. A PEO equips SMBs with all the technology platforms their employees need for digital self-service, making it easy for them to view their benefits and instantly connect with their providers. We also keep track of hire dates, enrollment dates, renewal periods, claims management, and ACA compliance.
- Onsite benefits review and open enrollment
- 24/7 employee benefits hotline
- Expert claims assistance and employee advocacy
- COBRA, HIPAA, and ACA administration and compliance
- New hire benefits review and enrollment support
- PrestigePRO online platform and PrestigeGO mobile app
Strengthening Your Workforce
Your employees are your top asset, especially in such uncertain times. Now more than ever, you need top talent to successfully steer your business to the next decade and beyond.
According to SHRM, over 60% of employees consider medical, dental, and other benefits to be important factors contributing to their overall job satisfaction. Further research indicates strong positive correlations between employee satisfaction and overall business growth, as long-term employee retention rates are associated with greater profits over time.
If you’re ready to get help contact a member of our team to tailor employee benefit plans for small business that fits your needs and attract the kind of workforce you need to successfully steer your business through the next decade.