| Professional Employers Experience Double Digit | | | | primary care practice with 3 offices in West Virginia. |
| Increases Again | | | | They told us how their current PEO had just informed |
| Group health insurance premium renewals are going | | | | them that an entire network of plans was being |
| out and the reports are not encouraging. It's that time | | | | eliminated. The majority of their employees will be left |
| of the year when employee leasing companies and | | | | with just one option, and a very expensive one at that. |
| professional employers send small business owners | | | | Needless to say, they are now looking to us to help |
| their new health rates for the coming year. Employers | | | | the doctors find a better option for their staff. |
| across the nation are being told what to expect, and | | | | It May Only Be RoundOne? |
| it's not exactly what they want to hear. Especially now, | | | | The worst may be yet to come. September through |
| when the economy is starting to stabilize. | | | | January is when over 75% of group health insurance |
| Many of our small business clients who have been | | | | plans are set to renew. This includes most of the |
| relying on their PEO partner to keep their health | | | | nation's largest and most successful staff leasing, HR |
| insurance rates low, are finding out that it's no longer | | | | outsourcing, and professional employer services firms. |
| the case. Business owners with some of America's | | | | Yet to announce their new health plan renewals are |
| best known and largest human resource outsourcing | | | | leading HR and employee benefits providers Advantec |
| firms, Administaff, ADP Totalsource, and TriNet / | | | | HR, Oasis Outsourcing, and SCI Staffing Concepts, |
| Gevity HR have experienced another round of double | | | | who are scheduled to renew in the month of October, |
| digit increases. CFO's and HR managers have | | | | Frank Crum's health rates are good until November, |
| complained about increases from Alphastaff HR, | | | | and Accord HR and Fortune Business Solutions renew |
| another "Top 10" provider. Their clients renew in | | | | in January 2011. |
| September, and a few said they received cost | | | | It is important to note that while these industry giants, |
| masters with 35% rate increases across the board | | | | and their highly compensated employee benefits |
| from Aetna. | | | | advisors, are still battling it out with their health insurers, |
| Bait and Switch? | | | | the fate of hundreds of thousands of small and |
| Many of our small business clients are learning that | | | | midsize businesses are being decided. Combined, |
| some of their health plan choices have been replaced | | | | these PEOs and employee leasing companies |
| with new healthcare plans that offer more limited | | | | represent about two hundred and fifty thousand |
| networks with fewer in-network providers, or of | | | | (250,000) business owners and about five million |
| medical plans that are restricted by geographical | | | | (5,000,000) employees nationwide. Let's hope for the |
| location. Just last week we were contacted by a | | | | best. |