Fringe Benefit Group, anticipating growth in the number of part-time workers in the United States as a result of the Patient Protection and Affordable Care Act, is making a big push into the voluntary benefits business.
The Austin, Texas-based company, in business since 1983, historically has offered limited benefit medical plans. Its clients have included Dick's Sporting Goods and Brinker International, the restaurant chain operator. But Obamacare limits those plans. Moving to address the issue, Fringe's Framework unit is now aggressively marketing dental, vision, critical illness, short-term disability, life insurance and accident plans to restaurant chains, retailers and other employers with a high number of part-time workers.
The voluntary benefits business has been growing over the past couple of years, as employers of all sizes seek to cut costs while at the same time offset coverage gaps. Most of the voluntary insurance market leaders, however, are focused on full-time employees.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.