Employee Leasing Quotes : PEO Blog

One of the questions I still receive regularly is the person who wants to utilize PEO services for health care because of individual or family pre-existing conditions. Anyone remember Sunshine Companies?

Sure, a PEO can be an opportunity to save on health insurance costs, with a group that may have some pre-existing issues. But not the one, two or three man operation where two of the owners have recently had heart attacks and the other has diabetes. I can’t imagine anyone having a viable option for these employers. If you have ideas on how to help these small business owners, please share. I wish I least had a place to refer them to.

I spent last week on the road visiting with clients, insurance agents and PEO principles. I was curious about how insurance agencies and the PEOs who use AIG were handling customer comments and if they were still selling AIG services- so I asked them about it.

The agents I spoke with acknowledged trying to slowly move AIG accounts over to other providers. The PEO principles also stated it was an issue they were trying to overcome and were currently in negotiations with other carriers.

This makes perfect sense from a business perspective. I can’t imagine trying to overcome the AIG questions time and time again, when you realistically can’t give a solid, comforting answer. My next thoughts are, how long will the government throw money at this sinking ship- and do they even understand the buyer/seller mentality that will quickly tear this giant down? I hope they do and that our tax dollars have been used to buy time for other insurers to clean AIG’s house. What are your thoughts?