EPIC Holdings, Inc. today announced an agreement to acquire Integro Holdings Inc., which houses substantially all of the U.S. operations of Integro Group Holdings, LP. Founded in 2005, Integro has built a highly successful specialty insurance brokerage and consulting business in the U.S. with revenue in excess of $150 million. Financial terms of the proposed… Continue reading PE-Backed EPIC Buys Insurance Broker Integro
Tag: employee benefits
New Jersey Employee Benefits Specialist Joins Alliant to Service Growing Northeast Client Base
Joe Clifton, a New Jersey-based employee benefits specialist with an extensive health and wellness background, has joined the Employee Benefits Group of Alliant as Vice President. Based in the company’s Fair Haven office, Clifton will work with clients across the region to deliver customized benefits solutions that reduce operating costs and provide a sound competitive… Continue reading New Jersey Employee Benefits Specialist Joins Alliant to Service Growing Northeast Client Base
Employers Change Tactics to Curb Health Insurance Costs
Company leaders are grappling with how to deal with the rising cost of health insurance in ways that get beyond the longtime strategy of simply passing on more of the burden to workers. “The CEOs of our clients are more involved in the health-care benefits program than I’ve seen in 25 years,” says Jim Winkler,… Continue reading Employers Change Tactics to Curb Health Insurance Costs
AMA Report Shows Competition Shrinking in Many U.S. Health Insurance Markets
Competition in commercial health insurance markets is shrinking for half the country. That’s the word from the American Medical Association’s “Competition in Health Insurance: A Comprehensive Study of U.S. Markets” report. The findings showed half of all states had commercial health insurance markets that were less competitive in 2017 than in 2016. The report offers… Continue reading AMA Report Shows Competition Shrinking in Many U.S. Health Insurance Markets
Trump Administration Details Health-Law Waivers for States
The Trump administration on Thursday outlined ways states will be allowed to waive parts of the Affordable Care Act, a move that has been welcomed by conservatives, spurred rebukes from Democrats and risks legal action. The Centers for Medicare and Medicaid Services, which implements the health law, released four templates detailing how states may use… Continue reading Trump Administration Details Health-Law Waivers for States
Labor Department Clears Path for Automatic 401(k) Transfers
Companies could start automatically transferring small retirement accounts belonging to employees who change jobs to the 401(k) plans of their new employers, according to new guidance from regulators. The move is the latest effort to reduce the premature flow of money out of 401(k)-style plans. A pair of recent Labor Department actions would give Retirement… Continue reading Labor Department Clears Path for Automatic 401(k) Transfers
Jury Tells Aetna to Pay $25 Million to Late Cancer Patient’s Family
A jury has ordered Aetna to pay more than $25 million to the family of an Oklahoma City woman who died a year after the insurance company refused to cover a type of radiation therapy. Jurors found that Aetna doctors didn’t spend enough time reviewing Orrana Cunningham’s case before denying her coverage for proton beam… Continue reading Jury Tells Aetna to Pay $25 Million to Late Cancer Patient’s Family
HHS to Let Some Employers Opt Out of Birth-Control Mandate
The Trump administration will allow religious groups, nonprofits, small businesses and some other employers to opt out of a requirement under the Affordable Care Act to provide birth-control coverage for their employees, a victory for religious conservatives who mounted a yearslong legal battle to eliminate the mandate. The exemptions, which the department of Health and… Continue reading HHS to Let Some Employers Opt Out of Birth-Control Mandate
MetLife Swings to Profit
MetLife Inc. reported it swung to a third-quarter profit as revenue rose despite lower premiums. The New York insurance giant reported a profit of $880 million, or 88 cents a share, compared with a loss of $97 million, or 9 cents a share, a year ago. The company had a $968 million expense from discontinued… Continue reading MetLife Swings to Profit
New Health Options for Small-Business Employees
As we have traveled around the country talking to small-business owners and American workers, we’ve consistently heard that health insurance is unaffordable and workers need more options. The data back up their concerns. As insurance costs have risen since 2010, the share of workers at firms with between three and 24 workers covered by employer… Continue reading New Health Options for Small-Business Employees