All the rage right now is what Congress will do to health insurance. How will this effect Employee Benefits Insurance? Companies utilizing PEO's like Management 2000 have little to worry about. They will be able to continue growing and building their business while Management 2000 handles all the research on whether the new options available are to utilize a government plan or a private plan. If many of the headaches come true of a public plan, the PEO will be positioned to battle the red tape for their clients while the client and their employees continue what they are good at. Strengths in action. That is what makes the PEO relationship so valuable. The Client does what they are good at resulting in a growing business. The PEO takes away all the adminsitrative headaches of managing employment law and concerns. A combination for success!
A
t Management 2000, the Employee Benefits Management Team have a new tool to help assure continued maintainance of the best health benefits for the best price. The program is on on-line tool called Form Fire(
www.formfire.com ) that allows clients to complete health questionaires paperlessly. These can then be formfilled onto several health insurance carriers for your state and submitted by our in house agency, RMIA. Rates are then guaranteed. The process allows for more accurate and efficient quoting of health plans. Another advantage is that the program saves information year to year, so annual updates are less time consuming to the employee. This is another example of how the Management 2000 Benefits Team constantly searches for ways to help the small employer stay competitive with the big guys. Employee Beneft Advisors keep benefits affordable so you can attract top talent and compete on a level playing field.
As a trained and licensed Employee Benefits Insurance professional for Management 2000 PEO, I am very concerned that a public health plan option currently being considered by Congress and the President will produce an excessive cost burden on the privately insured clients we currently manage. It will limit the professional assistance we are able to receive from insurance professionals when shopping for the best private health insurance for the money for our clients. Public plan options reimburse health care providers at a lower rate than the private market and, as a result, providers typically shift these costs to those with private insurance. This means the privately insured are forced to pay more and, in the current economic climate, increasing the cost of health insurance is just creating a greater burden for American businesses and families.
While I support coverage for all Americans and controlling the rising costs of health insurance, I do not believe that creating a public plan option is the right way to go. It would increase costs for American families as well as limit the use of licensed professionals to help consumers like our clients at our PEO, Management 2000.
At the various Management 2000 departments, (HR Administration, Employee Benefits Administration, Payroll, etc.) we make it a part of our daily routine to scour current events that may impact our clients. Today it was announced that any employer in Indiana with over 50 employees may institute a wellness program and deduct 50% of the cost. As many small employers are too busy running their business to research this law or find competent providers, our HR and Benefits Department takes care of this problem for them. Saving taxes,employer law compliance, and vendor research are all imporant services our clients enjoy. Between the vast Section 125 for group health, dental, life etc. plans as well as other health cost containement programs like an HRA, HSA, or FLEX, Management 2000 HR has the experience to lead a small or medium sized business through the maze of maximum tax savings and complete compliance.
Stephen Day,
Benefits Agent, Management 2000, Indianapolis, Indiana
Strategic Human Resources must be
taken into consideration with most small to medium sized
businesses. Top PEO’s. like Management 2000, can help solve
this concern.. Due to the fact that health care prices
have been increasing, PEO's have made finding the best coverage for
the best price a...
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Management 2000 employees strive to service their clients in any
way to help make their company run better. Our main goal here
is Human Resources Outsourcing Services, and each department at
Management 2000 plays an important role in making that
happen. One of our employees, Risk Manager,...
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Peo Outsourcing
Indiana. We at Management 2000 are proud to offer this
service to the small busiensses of central Indiana. Contact
us for more info. We are the largest PEO in Indianapolis!
As an Employee Benefit Advisior, I keep coming up against the
struggle of small, low wage employers trying to offer a decent
benefit package to their employees. This is not too hard
until a person with health conditions makes the group renewal out
of everyones price range. As a member of...
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When you got into your business, it was fun. It was probably
just you and maybe a partner...you didn't worry about
employees. Then you figured out you had to have employees to
grow. That was exciting as well until you found all the
government regulatoins that surround and protect
employees....
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At Management 2000, one of our Employee Benefit Advisor's
uncovered a recent report from Watson Wyatt Worldwide
which states that on average:
8%
of Americans have health
Claims in excess of $12,000, These folks
make up 70% of
the dollars paid on claims paid from health insurance
policies
24% of Americans...
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With
health costs skyrocketing and recession revenues contracting,
certain employers have had no choice but to eliminate group health
coverage all together. There are still options, however,
for
small employers to put together some
sort of
benefit package for their remaining
employees. For one,...
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These accounts
,
introduced by the IRS back in the mid '80's, are a terrific
benefit tool to help contain out of pocket medical and dependent
care expenses. The advantage of utilizing this benefit
over deducting these expenses on a personal tax return is that
in most states, you save on five (5)...
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For most of the past
century, life insurance was a product that was marketed by
agents who went door to door. They reviewed folks needs
across the kitchen table and often came by each month to collect
the premiums. Well, thanks to the internet, price of shoe
leather and what not, this practice has...
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It's tough out there for the closely held small business
owner. Trying to get money out of your business without big
chunks of it going to taxes is a continual challenge. At
Management 2000, our Employee Benefits Management Team is sensitive
to those needs. We focus on providing options that give...
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AFLAC was recently selected as the top brand in
the insurance and financial servives industry by City Business
Journals Network in 2009. See the full press release at
2009 AFLAC
selected. Management 2000 has consistently offered AFLAC
products as an integral element of our employee benefits...
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Starting a new business can
be daunting. Add to this the challenge that you were not
born in this country and had only a short time to pick up on all
its laws and regulations. Management 2000 payroll and
PEO service can help with this problem.
It is evident that most people who immigrate
to...
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This is the final week for those who
have failed to file their 2008 tax return before now. If you
are an employer, you may have employees suddenly appearing in your
office lamenting the loss of that W-2 you provided back in
January. If only you had an HR department to handle these
interuptions!....
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Steve Day here again. The news is filled with a
socialistic agenda for our country with the current
leadership. Entrepreneurs and cottage industries are being
left out with most of
the new legislation. Small companies are
vulnerable and lack the resources or political influence
to protect...
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Happy April Fools!. This is Steve
Day and Debbie Zapp again with a story about how we, at the top PEO
in Indiana, help make sure folks get the proper claims benefit from
their policies. An example of this comes from a woman with an
AFLAC Short Term Disability policy who had to have a
surgery. With...
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