by David Schek | Jun 24, 2013 | Healthcare Insurance, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Most staffing companies learned long ago that sending a workers compensation accident victim to the emergency room is probably the most expensive way to deal with the accident. The expenses generated from having an emergency room treat the employee, are bound to be very expensive– even for minor injuries. As a result, over the last 10-15 years, many staffing companies have wisely developed relationships with managed care providers that are located near their offices– believing that this was the best way to control their workers compensation costs.
Like with so many things in business (especially health care related), these relationships need to be managed carefully. This article explains how managed care companies are often over charging for many of their services, and that Third Party Administrators (TPA) that are supposed to be managing the managed care providers for the staffing companies, are not always doing their job properly.
http://www.businessinsurance.com/article/99999999/NEWS080110/399999535?tags=|331|92
This is another reason why working with a Professional Employer Organization (PEO) can help keep your workers compensation costs as low as possible. The PEO has specially trained staff to manage each accident situation, and make sure that the costs for treatment are reasonable- since the PEO is on the hook for these expenses too.
Please feel free to contact me at davidstaffing@gmail.com to discuss how you can start utilizing a PEO partner to better manage your workers compensation costs. Also visit us at www.StaffingCompSolutions.com to find out about our other staffing support services
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Apr 15, 2013 | Healthcare Insurance, Professional Employer Organization (PEO), Staffing Company
Today there are many staffing experts offering options about how to minimize your cost exposure under the ACA.
Most of these experts agree that after January 1, 2013, the US labor market, and in particular the staffing industry will be very different. Maybe good and maybe not so.
I receive many calls every day from successful staffing owners who are researching options about how to best integrate this new law and cost structure into their business model. They are considering new business models for themselves in order to stay profitable. One option that many staffing companies are looking at is utilizing a Professional Employer Organization (PEO) as an inexpensive way to comply with these new laws AND reduce their workers compensation costs.
Please feel free to contact me at 202-302-1212 to discuss how PEO’s can help your staffing business manage under this new ACA law. For more information about ACA please visit us at www.StaffingCompSolutions.com
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Feb 12, 2013 | Healthcare Insurance, Professional Employer Organization (PEO), Staffing Company
As more and more staffing companies are considering using a PEO for their workers compensation insurance, human resource and payroll services, it is important that each staffing company thoroughly review the PEO’s credentials with an experienced staffing PEO broker.
Here are some simple guidelines to follow.
- Make sure they are they reputable and a legally insured PEO.
- Confirm the authenticity of the PEO’s certificate of insurance.
- Find out what services the PEO will offer. Meet the people who provide the services.
- Check the company’s references. Make sure they are paying payroll taxes.
- See if the company is a member of the National Association of
Professional Employer Organizations.
- How does the PEO cover employee benefits? Is it licensed in a particular state? – Are they self funded? – Who is their carrier?
- Review liability for the service agreement. Look at the cancellation process for the PEO and your business
Work Comp Staffing Solutions works with very reputable and experienced PEO’s that can easily pass the strictest due diligence process. For a free quote, please feel free to contact us at 202-302-1212 and visit us at www.StaffingCompSolutions.com
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Feb 6, 2013 | Healthcare Insurance, News, Professional Employer Organization (PEO)
Here is a good link dealing with Obamacare distributed by HHS. I have to admit as a staffing owner / consultant for 25 years, I have to shake my head in disbelief about how complicated and cumbersome this new government program seems like it will be for our industry.
http://www.dol.gov/ebsa/pdf/faq-aca11.pdf?utm_source=All+Members&utm_campaign=aa1d38b4c4-FAQs+About+Affordable+Care+Act+Implementation&utm_medium=email
Accepting the fact that it will be a financial burden on most staffing companies, the amount of back office administration for employers has probably doubled as a result of this new program.
I encourage all staffing company owners to review these changes with their accountants and determine whether your current back office structure is adequately prepared to manage this new program and the financial risks associated with its’ new taxes and penalties.
Call me today. I will be glad to introduce you to a Professional Employer Organization (PEO) or Employer of Record Service (EOR) that can facilitate a cost effective solution to dealing with Obamacare.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Jan 31, 2013 | Healthcare Insurance, News
I have been listening to many staffing company owners as they consider ways to minimize their health care (Obamacare ) tax exposure. While the final rules are yet to be written, the Internal Revenue Service (IRS) is already putting out warnings about employers who try to illegally minimize their employee count to save money– either by using a staffing company or by other means.
Here is a good article which discusses this issue. It is a MUST read for all staffing company owners since tax liability for mismanaging Obamacare could be huge.
http://www.thenewamerican.com/usnews/health-care/item/14222-irs-to-employers-there%E2%80%99s-no-escaping-obamacare
Please feel free to contact me to discuss your Obamacare healthcare strategies as well as your workers compensation issues. Utilizing a PEO is a great way to work with an expert human resource partner to legitimately minimize your tax exposure.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Jan 14, 2013 | Healthcare Insurance, Professional Employer Organization (PEO), Staffing Company
This link has the latest information on the ACA. This is a must read for staffing company owners.
http://www.lexology.com/library/detail.aspx?g=b76a1e19-0f17-4fb1-b9ff-0ce1e0dd8621
Please feel free to contact me @ 202 302 1212 to see how partnering with a Professional Employer Organization (PEO) will assist you with managing the ACA and lower your workers compensation costs.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
