With health insurance renewals coming in higher again for 2027, small businesses are under pressure to control costs while competing with larger employers for talent. In a recent Long Island Business News feature, PrestigePEO CEO Andy Lubash explained how a PEO can help level the playing field.
According to Andy, small companies often have only one or two health plans to offer, if any. A PEO changes that by opening the door to more plan choices, dental and vision coverage, and a retirement plan. For a family business with eight or nine employees, that can be the difference between winning and losing a candidate who might otherwise choose a larger company for its benefits.
Andy also highlighted an opportunity many employers overlook: few know about the federal tax credits available to help eligible small businesses start a 401(k) plan.
“That’s the trend of trying to get more with less,” Andy said.
He was also quick to point out that small employers have strengths that big companies can’t match. “There’s more upside. There’s more familiarity,” he said, referring to the room to grow and the close working relationships that smaller teams offer.
That perspective is at the heart of PrestigePEO’s mission. By pooling resources across our client base, we give small and mid-sized businesses access to more competitive coverage and expert guidance, without the cost and complexity of going it alone.
