IAG Books Record-Setting Month
October 23, 2015
Following dramatic growth in 2014 business from staffing firms urgently seeking ACA-compliant solutions to eliminate penalties, Insurance Applications Group enrolled members surged at a record pace from August to September 2015 with the addition of scores of new staffing clients from across America.
With more than 500 new staffing company clients on-boarded in late 2014, and the introduction of new ACA-compliant plans and technologies in 2015, IAG’s leadership announced that its block of business has increased “significantly” over 2014 levels.
J. Marshall Dye, CEO of IAG, attributed the growth to the introduction of the new insurance products and ACA enrollment and reporting technologies. New products include the IAG MEC Wellness/Preventive plan that is available with NO employer contribution or minimum participation requirement, and the Fully Insured IAG Bronze Major Medical plan, that is also available to IAG Indemnity groups with NO employer contribution or minimum participation requirement. All IAG products are available to staffing groups without any employer contribution or minimum enrollment.
New enrollment and reporting technology provided by the proprietary IAG Audit Log System (ALS) enables IAG to unbundle elements of its ACA compliance system, including providing a low-cost solution for any group that needs year-end 2015 reporting.
Over 1,500 staffing companies currently offer IAG employee benefit plans using IAG’s proprietary Staffing Specific Administrative Platform (SSAP).
“We are averaging over 35 new staffing group contracts per day being processed by our New Business Department,” cited Dye. “A significant number of these companies are adding solutions in the form of our ACA-compliant MEC Wellness/Preventive plans, our fully-insured Major Medical plans, along with the IAG Fixed Indemnity plans designed to fill the gap of high-deductible bronze level coverage.”
A national sampling of staffing firms recently joining IAG’s growing family include:
- AllStar Personnel — Tennessee
- Visium Resources — Florida
- Texas Staffing Pros — Texas
- Corporate Temps — Georgia
- Total Placement Staffing — Texas
- TPM Staffing — Colorado
- Signature Staffing — Pennsylvania
- ACT Personnel Service — Maryland
- Loehr Staffing — Missouri
- AAA Personnel — Nevada
- Inconen Corp. — California
- Pro Search — Maine
- Frazee Recruiting Consultants — Louisiana
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