Eliminate Your Health Care Headaches With A PEO!

There are many complications to being a small business owner but none so pressing as the need for health, dental and life insurance. Many small business owners obtain coverage through the employment of their spouse. However, there are just as many small business owners who are not married, whose spouse is also self employed or not offered benefits through their employer.

Another option for a small business owner is to partner with a Professional Employer Organization (PEO). PEO’s, also known as employee leasing companies, handle the human resources functions of companies of any size but they focus primarily on small and medium sized businesses. Some of the human resources functions handled by a typical PEO are:

  • Payroll
  • Direct Deposit
  • Worker’s Compensation Insurance
  • Health Insurance
  • Dental Insurance
  • Life Insurance
  • Retirement Plans
  • Tax Deposits and Reporting
  • Regulatory Compliance

A PEO groups together businesses of all sizes in order to get the best rates for benefits and to reduce human resources costs to a minimum. In order to work with a PEO you will be asked to fill out an application and provide a set-up fee ranging from $50.00 to $300.00 depending upon the size of your business. Monthly fees will be determined by the PEO and are usually based on the number of payroll checks issued during each month and the number of employees. Your company will be billed, at least monthly, for the cost of fees, benefits, taxes, etc. not paid by employees.

After signing a contract with a PEO your employees will need to fill out employment and tax forms that will then be forwarded to the PEO. The PEO then becomes the employer of record for the employees and from then on handles all payroll and benefit tasks. Timesheets, benefit enrollments and changes will all be submitted to your PEO and you will receive regularly scheduled management reports. At the end of a calendar year the PEO will provide all employees with a W-2.

Some PEO’s work with companies in every state and others are state specific. You can find individual PEO’s by using a search engine such as Google. You can save time by using the free services of a PEO clearinghouse such as http://www.StaffMarket.com. You can also find a SEO by visiting The National Association of Professional Employers Association (NAPEO) at http://www.napeo.org. NAPEO offers a directory of members searchable by company name, state or country and offers guidelines to help you screen and select a PEO.

A PEO may not be the perfect solution for every small business but it is an option for individuals and companies who are willing to outsource human resource functions to obtain much needed benefits, improve employee retention and save time that can be better used to growing the business.

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California Low Income Health Insurance

There is a substantial rise in the number of young people suffering from ailments owing to various factors such as improper lifestyles, stress, and lack of exercise. The medical field has progressed rapidly. There are solutions for most of the physical disorders. But at the same time, health insurance expenses are continuously rising, making it increasingly difficult for people belonging to low-income groups to seek timely medical help. Many people believe that obtaining a health insurance is beyond their means. Health insurance offers financial security to people in case of sudden health problems. There is a plethora of health insurance companies in the state of California, making the market extremely competitive. It is mandatory by law for every individual in California to have some form of medical coverage. The state has health insurance programs to provide affordable insurance to people belonging to low income groups.

In California, low-income individuals can opt for the Medicaid program. This program is developed by the federal government to bring maximum number of uninsured people under the health insurance cover. The state and the federal government provide funds to run this program. Individuals can obtain an application form from the office of Division of Family services. Individuals are required to provide some documents to qualify for this program. This program takes care of various health insurance requirements of the individuals and their families. Some employers do not provide insurance to the families of their employees. Medicaid program is a viable option for such employees.

California Managed Risk Medical Insurance Board (MRMIB) strives to provide affordable and quality health insurance to people. The Healthy Families Program (HFP) of MRMIB offers inexpensive health, dental and vision coverage to children belonging to low-income groups. The state and federal government financially supports this program. The Access for Infants and Mothers (AIM) program of MRMIB offers affordable health insurance coverage to uninsured pregnant women from low-income groups. Their infants are also covered under this program.

It is advisable to do some research to find the best affordable health coverage plan before opting for one.

How to Get Rid of Your Health Problems?

Maintaining a good health needs a highly relaxed mind. Stress can put your normal life into a complex and dangerous situation which can transform into fatigue and compounds in developing problems that can ruin your life to a great extent. This can put your life into great trouble.

One of the reasons, where an individual can undergo stress is the escalating healthcare costs that are no more accessible to an average individual. This increase in costs makes proper healthcare inaccessible to most of the people which would develop into a major concern in the near future. This rise in costs is because of many cost drivers such as prescription, expenses of modern technologies, treatments and skyrocketing hospital charges.

In order to effectively control costs, quality healthcare must be provided to all the people by the government at an affordable price but due to many socio-political reasons this hasn’t been implemented. Many organizations and individuals also have put in a lot of effort to reduce the costs but to their utter dismay this wasn’t possible for them. Some organizations were able to survive against all the odds in providing affordable healthcare to the public. These organizations, with an objective and vision to provide affordable healthcare access to the citizens of America, have started offering huge discounts on the medical care expenses. This includes providing dental, vision, prescription drugs, and chiropractic care for the well-being of the people. By giving provide huge discounts on the medical bills, companies have restructured the whole healthcare industry to a great extent. Such a situation created has provided ultimate solution in critical situations. For more information about the same, please visit http://www.health-dental-discount-plans.com.

Year-End Health Insurance Advice for Small Business Owners

The end of the year is a great time for small business owners and their employees to take stock of their finances, determine ways to reduce expenses, and research the benefits packages that will prove to be the best fit for them in the coming year.

“At the end of a calendar year, employers have an opportunity to review the profits and expenses of the last 12 months, along with changes in their organization, to determine areas where costs may be reduced and budgets may be better allocated.” stated Kelly Dobens, managing Partner at Small Business Benefit Solutions, LLC. “This is usually a great time of year to make decisions affecting health, dental, vision, and supplemental insurance.” said Dobens.

The following tips will help employers and their staff determine the right health and dental insurance plans for their unique situations, while assisting them in finding the most cost-effective solutions to meet their needs. In addition to owners and employees, there are also many options for self-employed individuals to find low-cost health insurance coverage.

Year-End Insurance Planning:
Survey your employees to determine their needs and satisfaction level with the current plans.
Determine cost of employer and employee contributions over the past 12 months.
Based on the above, schedule a meeting with a health insurance broker to determine:
If and where changes can be made to the existing plan
Cost comparisons of other plans and insurance providers
Whether an HSA (Health Savings Account) would be a cost-effective option to provide employees with additional coverage and lower out-of-pocket expenses.

Get a Cheap Insurance Quote For Personal Health Insurance

Do you need an insurance quote for personal health insurance?

Whether you need a simple major medical policy or a comprehensive policy including health, dental, and vision insurance, you can find the best rates by going online to an insurance comparison website and getting free quotes from multiple A-rated companies.

On the best comparison sites you can even get answers to your questions and get money-saving tips from insurance experts by using the site’s online chat service (see link below).

More Money-Saving Tips

Comparison shopping is just one step you can take toward finding a cheap rate on health insurance. What else can you do to save on your health insurance?

One thing you can do, if you want medical, dental, and/or vision insurance, is to look for bundled packages. These packages will cost you less than buying these insurance plans separately. The packages are especially common for HMO and PPO plans.

Also consider whether a major medical plan is a good option for you. Such plans cover you against major accidents and illnesses while you pay for smaller costs like regular doctor visits.

If a major medical plan is not the best choice for you, consider raising your co-payments and deductibles. The more you’re willing and able to pay in out-of-pocket expenses, the less you’ll have to pay in monthly premiums.

Also be sure to get or stay healthy. People who are in good health pay less for their health insurance. If you smoke, quit. If you need to lose weight, start eating better and exercising.

More than Money

As you shop for your insurance policy, remember that cost shouldn’t be your only consideration. Be sure to evaluate the benefits as well as the monthly premium.

Also, check each insurance company’s rating and customer service record. You can check an insurance company’s rating at AMBest.com, and check their service record at JDPower.com.