It is Possible to Avoid Inflated New York PEO Admin Costs

PEO providers in New York, especially in New York City are aware of the savings they can provide in other areas of their solutions such as Health Insurance or Workers Compensation Insurance and will often have increased admin rates for the region to expand their margins. 

It is important to have a good understanding of the differences between PEO solutions to identify where there is value for paying an increased cost and where there are opportunities to lower pricing and eliminate inflated margins.

While some New York PEO groups have the same cost structure for administrative costs regardless of where a company is headquartered, often times there is room to negotiate this pricing lower and increase the value of one providers solution compared to competitors.

You may be familiar with TriNet, Insperity, Justworks and ADP Totalsource as big names in the New York PEO market in addition to regional players like Extensis and Prestige that operate with New York Based Master plans when it comes to medical.  At times, PEO's not based out of New York will have benefit plans that utilize the same networks and allow for additional savings due to the increased fees that New York health plans incur.

These are just some of the areas that require scrutinization when negotiating and partnering with New York based PEO providers.

Avoid the 2% Tax for Health Insurance Plans on NJ Exchanges

As Small Businesses continue to look for ways to invest in their employees while staying within budgets, the 2% tax on health insurance premiums that NJ is implementing on plans obtained on the NJ exchange is just another hurdle in containing health insurance costs.  We can assist in identifying plans that do not have exposure to this tax & allow you to invest directly into your employees.