Startups turn to partnerships to get health insurance
Several hundred employees of small startups in
For Quackenbush, the timing couldn't have been better. As health insurers are dropping out of the Affordable Care Act, or asking regulators for steep price increases,
"It's really, really affordable," Quackenbush said of the partnership's plan. "These are not plans you can choose on the open market."
Quackenbush, 32, works as the executive coordinator for
HQ is paying about
It was the health care option that drew HQ to outsource backoffice functions to
"Health care is particularly attractive," said
Professional employer organizations have been around for about three decades, but it's not clear how many people are insured through PEOs.
When startups at HQ contract for HR services through
HQ has 15 employees, 10 of which have signed up for
Until
Now, through
Quackenbush's annual savings:
One HQ tenant, Imurj, recently offered its seven employees
Imurj's monthly fee per employee paid to
"Everybody needs health insurance," said Imurj managing partner
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