Launch HN: Savvy (YC W20) – Give employees tax-free cash for health insurance

Re:Launch HN: Savvy (YC W20) – Give employees tax-free cash ... by Jommi on Monday March 09, 2020 @05:23PM (#22529972)

How does this compare in cost to startups using justworks that has better negotiating power for cost savings in the insurance even with low amount of employees?

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Re:Launch HN: Savvy (YC W20) – Give employees tax-free cash ... by kevc on Monday March 09, 2020 @06:04PM (#22530369)

Choosing a PEO also means that you are outsourcing all your HR functions - payroll, retirement, benefits, etc. Part of that includes large group insurance prices. In return, you pay a per-head fee to the PEO.

If cost is the primary driver for your decision the important thing is to compare the PEO fees vs how much money you will save on the discounted insurance. We have helped a few companies do this analysis - On a pure cost basis, we are a better option for some, PEOs win for others. Feel free to reach out to [email protected] if you want advice on your specific situation.

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Re:Launch HN: Savvy (YC W20) – Give employees tax-free cash ... by sn on Monday March 09, 2020 @05:56PM (#22530287)

justworks is a PEO and their PEO certification is currently suspended. https://www.irs.gov/tax-professionals/cpeo-public-listings https://www.irs.gov/pub/irs-utl/suspended-cpeos.pdf

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Re:Launch HN: Savvy (YC W20) – Give employees tax-free cash ... by Jommi on Tuesday March 10, 2020 @12:07PM (#22536645)

AFAIK this sentence is a bit dishonest. Justworks is still a PEO, they are just not a CPEO. CPEO is a PEO that is certified by IRS to be in excellent standing, it's not a requirement.

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