Employee Benefits Management & ACA Compliance

At Sixth Man Employer Services, we recognize that offering competitive employee benefits, especially health insurance, is both necessary and challenging. As required by law, health insurance can become increasingly expensive each year, adding financial pressure on employers.
However, employee benefits are a crucial factor in attracting and retaining top talent, making it essential to manage these costs effectively. Partnering with a PEO can provide significant advantages in this area.

Here’s how a PEO can enhance your benefits management and ensure ACA compliance:

  • Access to Large Group Rates

    Even small businesses can benefit from the competitive rates typically available to larger organizations.

  • Lower Annual Rate Increases

    Through strategic underwriting and careful client selection, PEOs can often limit annual rate increases to as low as 5%, compared to the typical 10-15% increase for small employers.

  • Comprehensive Plan Administration

    Full management of employee benefits plans, including plan selection, enrollment, and administration.

  • ACA Compliance

    Ensuring your benefits program meets all requirements of the Affordable Care Act (ACA) to avoid penalties and remain compliant.

  • Payroll Deductions and Contribution Tracking

    Accurate handling of payroll deductions and tracking of employee contributions.

  • Offer and Waiver of Coverage Tracking

    Management of employee offers of coverage and tracking of waivers to ensure compliance and streamline administration.

  • Composite-Rated Plans

    Eliminating age-banded rates with composite-rated plans offers more predictable and equitable pricing.

  • Additional Benefits

    Access to a range of ancillary offerings, including retirement plans, dental, vision, and other employee benefits.

PEOs often partner with major carriers like Kaiser, Aetna, UnitedHealth, and Blue Cross/Blue Shield, ensuring a robust selection of high-quality benefit options. Whether you aim to provide a competitive benefits package or meet minimum coverage requirements, a PEO can offer both value and potential cost savings, making it a smart choice for effective benefits management.

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