article thumbnail

4 Health Insurance Options For Small Business Owners

Genesis HR Solutions

In the small group market: Rates are regulated Plans typically require 70% or more employee participation Plan options may be limited Carriers have contribution requirements. Either way, your small business has access to certain products, which usually don’t include many of the more robust insurance plans offered to larger companies.

article thumbnail

Myths, Pros, & Cons Of Working With A PEO

Genesis HR Solutions

There’s a lot of information—and misinformation—about professional employment organizations (PEOs) floating around online. This is one of the classics—it consistently shows up on professional employer organization pro/con lists. Myth #7: “Our insurance carrier could change anytime, on the whim of our PEO.”.

401(k) 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The disadvantages of using a PEO: What’s true and what’s not

Genesis HR Solutions

There’s a lot of information—and misinformation—about professional employment organizations (PEOs) floating around online. At the end of the day, it is you who makes employment, promotion, and management decisions —all of those things are always under your control in a partnership with Genesis.

401(k) 69
article thumbnail

Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. 401(k) and retirement plans. Sometimes benefits are paid for wholly by employers; other times they are paid for by employees, and sometimes the expenses are shared. How do you decide which benefits your organization should offer?