Paul Sanchez
Justworks is a cloud-based HRIS (human resources information system) that offers two pricing plans: Basic and Plus. The Basic plan costs $59 per month per employee, while the Plus plan costs $99 per month per employee. Both plans offer payroll management, compliance support, HR training and HR management tools. However, the Plus plan includes additional features such as health insurance coverage, advanced reporting options, and company directory tools. The price of the plans may vary depending on the number of employees and the specific needs of the business. Justworks also offers access to health insurance plans and benefits for employees, with deductions occurring in the month of coverage.
| Characteristics | Values |
|---|---|
| Insurance deductions | Taken in the month the employee is receiving insurance coverage |
| Payment frequency | Medical, dental and/or vision deductions are split evenly over two regularly scheduled paychecks in a given month |
| Biweekly payments | Employees will see deductions for the first half of premiums on the first paycheck of the month and will be billed for the second half of premiums on the first paycheck |
| Employee departure | If an employee leaves, the premium will be paid back to the company as a credit |
| Plan cancellation | Notify Justworks as soon as possible to prevent additional premiums |
| Excess premiums | Refunded during the following month’s billing invoice cycle |
| Insurance plan | Access to medical, dental and vision insurance, plus COBRA admin at competitive rates |
| Employee health insurance | Access to small business health insurance plans, plus benefits and perks at fair rates |
| Health insurance enrollment | Intuitive online platform with a user-friendly interface |
| Health insurance and benefits | Support and guidance from the Justworks team |
| Health insurance coverage | Available with the Plus plan |
| Basic plan | $59 per month per employee |
| Plus plan | $99 per month per employee |
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What You'll Learn
Justworks Plus plan costs
The Justworks Plus plan offers a range of services and benefits for businesses and their employees. The cost of the Plus plan varies depending on the number of active W-2 employees in the company and the user type in the system. Businesses are charged per employee per month, and there is also an additional administrative fee for each active employee, each employee who received payment that month, and each unpaid owner.
The Plus plan includes access to integrated benefits such as medical, dental, and vision plans at affordable rates, as well as EPO, POS, and HDHP plans. It also offers a 401(k) Multiple Employer Plan to help employees save for retirement without the company having to take on additional benefits administration costs and risks.
The plan also includes access to Talkspace's teletherapy services, which provide mental health support to employees. In terms of healthcare, Justworks partners with top carriers to provide flexible options, including UHC, which offers premium health plans and extensive wellness services.
Additionally, the Plus plan offers powerful payroll software, robust HR tools, compliance resources, and 24/7 customer support. It simplifies payroll by automating deductions and direct deposits, simplifying reimbursements, and enabling various types of payments. It also integrates with accounting software and helps manage forms and tax filings.
The specific cost for a business on the Justworks Plus plan will depend on the number of employees and the specific user types within the system.
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Basic plan costs
Justworks is a cloud-based HRIS (human resources information system) that helps businesses manage their HR-related tasks. It also functions as a PEO (professional employer organization), which joins small- and medium-sized businesses to provide cost-effective options for various perks, such as insurance plans and HR consultants.
The Basic plan is best suited for businesses that don't require healthcare coverage. It provides payroll management, compliance support, HR training, and HR management tools. The cost of the Basic plan is $59 per month per employee for companies with 49 or fewer total employees. For larger companies with 50 or more employees, the price is reduced to $49 per month per employee.
The Basic plan is a robust offering that provides essential HR and payroll functions at a competitive rate. It is designed to support businesses in streamlining their operations and providing access to benefits typically reserved for larger companies.
In terms of insurance billing, Justworks operates on a monthly basis. The employer pays the full cost of insurance upfront during the month before coverage, and employees contribute during the month their coverage is active. Deductions for medical, dental, and vision insurance are split evenly over the two regularly scheduled paychecks in a given month.
The Basic plan is a cost-effective option for businesses that want personal and easy-to-access support without the need for healthcare coverage. It provides essential tools and resources to manage payroll, compliance, and HR functions efficiently.
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Insurance deductions
Understanding insurance deductions is an important part of choosing the right insurance policy. A deductible is the amount of money that the insured person must pay before their insurance policy starts paying for covered expenses. For example, if you have a health insurance policy with a $1,000 deductible and you receive a medical bill for $2,000, you would be responsible for paying the first $1,000, and your insurance would cover the remaining $1,000.
The larger the deductible, the less you pay in premiums for an insurance policy. A deductible can be a specific dollar amount or a percentage of the total amount insured on a policy. For example, if your policy states a $500 deductible and you have an insured loss worth $10,000, you will receive a claims check for $9,500. Percentage deductibles are usually applied to homeowners' policies and are calculated as a percentage of the home's insured value. For instance, if your house is insured for $100,000 and your insurance policy has a 2% deductible, $2,000 would be deducted from any claim payment.
In the context of auto insurance and homeowners' policies, the deductible applies each time a claim is filed. There are exceptions in Florida and Louisiana, where hurricane deductibles are applied once per season. Deductibles typically apply to property damage and not the liability portion of insurance policies. For example, a homeowners policy deductible would apply to property damage caused by a fire, but there would be no deductible if a burned guest made a medical claim.
When choosing an insurance policy, it's important to consider your personal circumstances and financial situation. If you rarely need medical care, choosing a policy with a higher deductible may save you money. On the other hand, if you have a chronic medical condition that requires frequent doctor visits, selecting a policy with a lower deductible can help manage out-of-pocket expenses. Additionally, it's worth noting that deductibles only apply to covered expenses, and they usually reset at the end of each policy period.
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Insurance billing
In the context of Justworks, insurance billing works as follows. The employer pays the full cost of insurance upfront during the month prior to coverage, and employees contribute during the month their coverage is active. Deductions for employees on a semi-monthly pay frequency are split evenly over their two regularly scheduled paychecks. For biweekly pay frequencies, there will be certain months in which employees are paid three times, and they will see deductions for the first half of premiums on the first paycheck of the month and will be billed for the second half of premiums on the first paycheck of the following month.
It is important to note that if an employee leaves the company and their premium has already been paid, that premium will be credited back to the company. Additionally, if the company plan is being voluntarily cancelled, Justworks should be notified as soon as possible to prevent additional premiums from being charged.
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Health insurance coverage
There are various factors to consider when choosing a health insurance plan. These include age, health status, and financial situation. Different plans cater to diverse needs, such as government-offered plans like Affordable Care Act (ACA) plans, Medicare for those over 65 or with qualifying disabilities, and Medicaid for individuals with lower incomes. Individuals can also opt for employer-provided plans or purchase individual plans directly. Additionally, short-term health insurance plans are available for those seeking coverage for a limited period.
Justworks, a platform that assists businesses with payroll, benefits, and compliance, offers health insurance as part of its services. They provide access to medical, dental, and vision insurance at competitive rates. The pricing for Justworks' health insurance plans varies depending on the specific plan chosen, such as the Basic or Plus plans. The Basic plan, priced at $599 per month per employee, includes medical, dental, and vision insurance. The Plus plan, priced at $8 per month per employee, offers rich, nationwide employee health insurance from top carriers.
It is important to note that the billing for Justworks' health insurance operates on a specific schedule. Employers pay the full cost of insurance upfront during the month before coverage, while employees contribute during the month they receive coverage. Deductions for medical, dental, and vision insurance are split evenly over the two regular paychecks in a given month for employees on a semi-monthly pay frequency. For those on a biweekly pay frequency, there may be months with three paydays, and the deductions are adjusted accordingly.
When selecting a health insurance plan, it is essential to consider the specific needs, budget, and eligibility requirements. Comparing different providers, such as Blue Cross Blue Shield (BCBS), can help individuals and businesses find the most suitable coverage options. BCBS offers a range of health insurance plans, including individual and family coverage, and provides access to high-quality doctors and hospitals through their Blue Distinction Specialty Care programs. They also cater to international travellers with their Blue Cross Blue Shield Global programme.
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Frequently asked questions
The employer pays the full cost of insurance upfront during the month prior to coverage, and the employees contribute during the month their coverage is active. The employee's insurance deductions occur in the month they are receiving insurance coverage.
Justworks offers two pricing options: Basic and Plus. The Basic plan provides payroll management, compliance support, HR training, and HR management tools. The Plus plan includes health insurance coverage, COBRA administration, and health advocacy services, along with advanced reporting options and accounting software integrations. The Basic plan costs $59 per month per employee, while the Plus plan costs $99 per month per employee.
Justworks offers access to plans that fit a variety of budgets and enables small businesses to access benefits typically reserved for large companies. The platform provides an intuitive and user-friendly interface, making it easier for employees to manage their benefits. Justworks also functions as a professional employer organization (PEO), joining together small- and medium-sized businesses to provide cost-effective options for insurance plans.
