OPEN PEO Advisors, LLC

06/16/2021

Join David Gwynn- Open PEO Advisors and Special Guest Experts for an informative discussion on the BIG PROBLEM of the affordable access to critical Tier 4 and 5 Specialty Medications with Life and Death consequences and major SOLUTIONS now available to address these issues by business owners, financial and insurance professionals and business community members. The event will be packed with practical, actionable information, so you wont want to miss it! Wednesday June 16th at 10AM Pacific, 1PM Eastern. Limited available attendance, so register now: https://us02web.zoom.us/meeting/register/tZUtceigqzsqGNb5_eS7zCoS_HLwAU4GddU9

04/22/2021

Saving and investing money are all a part of the game. So is spending. The trick is being as smart as possible with your spending habits, and 9 times out of 10, making big purchases doesn't fit those criteria. Consider the following seven big purchases you should always avoid making here.
https://www.msn.com/en-us/money/personalfinance/7-big-purchases-you-should-never-make/ar-BB1fGYqA

04/21/2021

Ready to make a big boost in the amount of money you are able to pull in on a regular basis? It looks like it is time to get your hustle on. Check out tips for making more money so you can start and take advantage of this weekend!

Take a minute to ensure you're not leaving cash on the table.

04/16/2021

Open PEO Advisors in a minute... (well 1:35)
We help business owners GROW their business by saving them time, money and hassle. Let us show you how!

04/03/2021

We are passionate about Professional Employer Organizations and helping business owners succeed. We offer you large group discounts and economies of scale in HR, workers comp, benefits, and payroll. We excel at helping small businesses save time, money, and hassle in selecting the "best fit" for PEO services. David Gwynn has been helping companies decide which PEO is best for over 30 years as a PEO Advisor/Broker. If not a PEO, then we can review options such as an A*O and/or a fully- or partially insured health plan.

Our turn-key digital and paperless solutions include...
- Financial decision making using "smart contracts"
- Key compliance issues
- Understanding the ACA
- Health and welfare benefits
- How to structure plans using HSA/HRA to lower risk level and increase tax efficiency,
- How insurance carriers underwrite
- Healthcare rate stabilization and cost curves

Our TARGET AUDIENCE includes:
- Business Owners of SMBs
- Employee Benefits, HR
- White/grey collar businesses with 1-250 employees
- Professional Service companies including Medicine, Dental, Law, Finance, Engineering, Architecture, Non-Profits, Associations

ADVANTAGES of the PEO Model
- Business owners get best fit solutions that gain them freedom to focus on GROWING their business.
- Employers reduce costs, including the flattening of the escalating healthcare curve
- Ability to acquire and retain top talent
- Maintain compliance as ACA will bring an increase in DOL/Department of Labor audits.
- Save as much as 25-40% of their management time

David Gwynn's ACCOMPLISHMENTS include...
- Super-connector on LinkedIn
- Board of Directors, American Red Cross
- National Board of Directors, University of Oregon Alumni Association
- Founder/Chair/President, University of Oregon Alumni Association - Arizona Chapter
--3 Successful IPO's as lead advisor

TESTIMONIALS:
"OPEN PEO Advisors put multiple options in front of us in an easy-to-read grid format, and after considering the options we decided to make a change to one of OPEN PEO Advisors recommended vendors. This should result in a $42,000 annual savings while also offering better medical plans to our employees." - GO

"...a fearless net-worker and business strategist. He volunteers his time and energy and is a visible part of his community. He is a savvy businessman and enthusiastic proponent for the clients that he works with." - NM

Please contact me to see how our team of specialists can help your business succeed! Call or Text me (541)729-9905 or Email me at [email protected] .

OPEN PEO's mission is to help business owners OPEN, grow and thrive!

Clear, Concise PEO Advice!

https://myopenpeo.com/
https://www.linkedin.com/in/davidwgwynn/

03/11/2021

Schedule a complimentary discussion of your business needs (all the way down to 1 employee!) We can help you simplify your business life immensely with affordable services custom designed to your needs.

03/11/2021

So, What is an HSA Exactly?

By David Gwynn, CEO- OPEN PEO Advisors

Glad you asked!

Health Savings Accounts (HSA’s) are a tax-exempt account (typically with a bank) where you and your employer can contribute funds monthly to pay for your medical expenses.
The effect of having an HSA is Instead of paying money to an insurance company, your employer deposits a recurring monthly amount into your HSA account. You can then use this money to cover your eligible medical expenses.

What medical expenses can my HSA cover?

The money in your HSA can be used to pay for any qualified medical expense. As a reference, an easy way to think the money in the HSA is this:

– COVERED: Your HSA can be used to help pay for any qualified medical expense. Examples of these qualified expenses are doctors’ appointments, prescription and OTC medicines, out-of-pocket dental expenses, surgery, and hospital services. The key determinant in qualification is the term “medically necessary procedure”. When in doubt ask yourself ‘is this a medically necessary procedure?’ and always double check. If the expense is medically necessary, the expense will most likely be allowed.

– NOT COVERED: Your HSA cannot be used to cover cosmetic or voluntary procedures. Some common examples are expenses like gym memberships, vitamins, some over-the-counter (OTC) items and cosmetic dentistry.

Why are there such high deductibles in HSA’s?

Don’t let the potentially high deductible scare you away. HSAs were in fact designed to LOWER your total healthcare costs and give YOU more control of your money. The process works by pairing an HSA with a High Deductible Health Plan (HDHP). HDHPs have lower monthly premiums than traditional health plans.

What is a Consumer Driven Health Plan?

In the industry, the pairing of a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) is sometimes referred to a Consumer Driven Health Plans (CDHP) or Consumer Driven Health Care.

The premium is what you pay the insurance company.

The difference is what you put in your bank account.

Instead of putting money in the hands of insurance companies, your employer directly deposits money into your tax-exempt HSA bank account.

You get to use this money to cover your medical expenses…

And the best part is…

If you don’t use the money…

You get to keep it!

HSAs give you a financial incentive to become a healthier person.

Why should you switch to an HSA?

The IRS refers to HSAs as “tax-favored” health plans. At OPEN PEO, we are big fans of HSA’s for our clients plans, and we regularly encourage them. Internally, HSA paired healthcare plans are the only kind of plan we offer to our team. We strongly recommend including an HSA as one of the health plan options for your employees. On request, our client PEO’s will hold classes to educate you and your co-employees on how to best utilize their HSAs. As you can probably tell by now, we’re passionate about HSA health plans because the benefits to our clients are so significant.

03/02/2021

As a small to medium sized business owner, are you ever overwhelmed with the details of the operations, administrative aspects? There is a better way- Open PEO! We can help! www.myopenpeo.com

Our clients, on average, grow 9% faster. We provide PEO options and you decide which plan makes sense for your business so you can get back to growing your company.