Health insurance costs are crushing many small to mid-sized agencies. It’s a bear to find coverage for smaller teams, and even when you can find coverage – it’s horrifically expensive, and that’s before you get your first 15-30% renewal increase.
For many agencies, it’s one of the largest expenses on the P&L. But to be competitive, you have to offer something. And, of course, you want to help your team members stay healthy.
We’ve spent the last few years trying to crack this nut here in the US. We are excited to say we finally have a solution that we believe will be of incredible service to most US-based member agencies.
While the headliner of this member-only benefit is certainly the significant savings many agencies can enjoy on their healthcare premiums, it’s actually a much more holistic HR program that includes affordable access to top-tier health insurance offerings.
Our beta test saved the average agency around $15,000 annually with an expected renewal rate of 7-9% annually. (Note: this savings INCLUDES the per-employee fee that the PEO charges)
We have partnered with G&A Partners to create a custom “PEO Lite” offering that includes many other services you’re either paying for already or haven’t been able to offer your team members.
- Health insurance
- Payroll services (this is not optional… they have to process your payroll. For most agencies – you’ll save the $ you are paying your current payroll company)
- Dental insurance (optional for an additional fee)
- Vision insurance (optional for an additional fee)
- Life and disability insurance (optional for an additional fee)
- 401K (optional… you can keep what you already have if you want)
- Employee assistance program access
- Handles all of your employees’ concerns re: insurance coverage or claims
- HR Hotline
- Employee handbook
- Employment verification and applicant screening
- Guidance on employee performance management
- Employment onboarding system
- Termination support
- Unemployment insurance claims management and COBRA administration
FMLA administration (for agencies 50+) - HR bulletins
- Annual one-hour training for your leaders on harassment and discrimination prevention
- Online employee/supervisory HR training
- FLSA compliance review
- Employment practices liability insurance
- EEO-I reports
- I-9 audits
The fees work because you pay for whatever insurance you choose as you would with any provider, and then there’s the PEO admin fee of $70/employee a month. We still saved most agencies a significant amount. All of the savings we showed included the $70/employee fees.
If you were to enroll as a member and then not continue your membership, your monthly fee per employee would go up to $100.
This is ONLY for AMI members (gold and platinum associate, all peer groups).
Here’s how it works if you are interested:
To take advantage of this benefit, you MUST be a member in good standing. We cannot run insurance scenarios to see “if it’s worth” becoming a member. This should not be the only reason you’d want to be part of the AMI community.
G&A works nationwide with all major insurance companies, so this is not a cookie-cutter solution. They’ll build a custom set of insurance options based on your employees, locations, etc.
NOTE: AMI receives no compensation, commission, or kickback from our partner G&A. Although that is the standard practice, we asked them to decrease the monthly fee (we have the lowest fee they’ve ever offered) instead.
