PEO Solutions

Compass Consulting Group has advised Professional Employer Organizations on risk and resource management since 1992. Many of our consultants and management team have actually owned PEOs, giving us a practical, experienced, and realistic understanding of your needs.

Group Medical Coverage
Group medical insurance, the fastest-growing expense for most employers, is one of a PEO’s key value propositions. Using our Total Management Approach, we’ll apply our knowledge, prospective risk modeling, and our specialized capabilities to help you offer cost-effective coverage to your clients.

Consulting Services
In the course of an in-depth dialogue, we will review your current systems and structure, including your business model, delivery system, and Client Service Agreement. This will help us jointly design a solution that is not only suitable but also sustainable.

Client-based Medical Insurance
Using an online enrollment and aggregation system, we’ll design a benefit offering for your clients that can help you easily manage multiple client-based medical contracts. If appropriate, we can also guide and implement your transition from a client-based policy approach to a single employer master medical contract.

Master Medical Contracts
To create a profitable “flow of lives” into your medical program, a master policy must be priced to attract low-risk clients as well as moderate and higher-risk groups. Our services include: 

• Helping you attract and retain clients with a healthy mix of risk levels by building tiered composite rates into your master contract.
• Providing underwriting and risk management tools that help you rate each employer’s risk level before letting them join the plan.
• Unbundling claims and rating data to determine whether carrier renewals are actuarially sound.
• Evaluating risk-sharing models and providing necessary calculations to ensure you meet Sarbanes-Oxley requirements.
• Re-evaluating client risk throughout the year to determine the profitability of each worksite employer.
• Analyzing existing master medical contracts to determine gaps and needed improvements.

Ancillary Benefits
We can help you create master contracts for Life, Dental, Disability, and Vision benefits, as well as for Medicare Advantage programs.

Other Risk and Resource Management Solutions
In addition to medical programs, Compass Consulting helps PEOs and individual companies manage risk in executive benefits and Section 125 plans, benefits administration, human resource management, retirement plans, and property, casualty, and liability insurance. We also provide personal wealth management and insurance services for business owners and executives.

To learn more about how our services can give your PEO a competitive edge, please contact us.