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Fully Insured vs Self-Insured vs Level-Funded: What Does It All Mean To The Small Employer?

Fringe Benefit Analysts

 Small employers looking for ways to control their group health insurance costs are more closely examining what it means to be “ fully insured.” What Is a Fully Insured Health Plan? Fully insured” is what most people mean by “ insurance ” or group health insurance.

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5 ways insurance brokers benefit from working with a PEO

Insperity

Insurance brokers and professional employer organizations (PEOs) are supposed to be competitors, right? Working independently or as part of a larger brokerage group, brokers earn a commission on the insurance plans they sell to clients. PEOs, however, don’t sell insurance. Let’s explore how.

Insiders

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Professional Employer Organization (PEO): Right for Your Business?

Business Management Daily

Professional employer organizations (PEOs) offer a cost-effective solution to this problem. Besides the cost savings, working with a PEO can yield many benefits to employers. NAPEO (National Association of Professional Employer Organizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.

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PlanSource

HR Lineup

PlanSource is an online platform that offers comprehensive benefits administration solutions to employers and employees. The platform offers a wide range of benefits administration solutions, including health and wellness programs, retirement planning, and employee insurance plans.

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What is a benefits broker and how can they simplify employee benefits?

Higginbotham

Navigating employee benefits can be complex for employers, especially when balancing cost control with providing comprehensive offerings to workers. Acting as an intermediary between employers and insurance providers, benefit brokers help design, implement and manage employee benefits programs.

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Transparency Rules Deadline Approaching for Employers to Conform by July 1

Griffin Benefits

If you’re an employer who has not yet made public your in-network negotiated rates, out-of-network billed charges, and historically allowed amounts, you have less than two weeks to complete this task. Still, other employers are publishing this information directly on their own websites.

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Top 4 reasons why you should add a dependent eligibility audit to your benefits strategy

WEX Inc.

On average, weve found that 3-5% of the dependents on an employer’s plan are deemed ineligible. When employers have performed a dependent eligibility audit with WEX, theyve seen savings of $3,000 to $5,000 per plan member, per year. This is particularly important for large, self-funded employers.