Insperity and UnitedHealthcare Extend Relationship Through 2022
May 07 2018 - 6:00AM
Business Wire
Insperity, Inc. (NYSE:NSP), a leading provider of human
resources and business performance solutions for America’s best
businesses, today announced an extension of its relationship for
medical and dental coverage with UnitedHealthcare,
a UnitedHealth Group company (NYSE: UNH). The contract
was extended through 2022 in recognition of Insperity’s sustained
growth exceeding previous plan participation targets sooner than
expected, utilizing UnitedHealthcare’s industry leading provider
networks and clinical care programs. The extension also includes
administrative cost savings beginning in 2019, with additional
savings as future growth objectives are achieved.
“This strategic partnership reflects the shared commitment of
Insperity and UnitedHealthcare to provide premium health care
benefits to Insperity’s worksite employees and their families,”
said Richard G. Rawson, Insperity president. “The terms of this
extension are aligned with our goal of increasing plan
participation and further enhance the value of our health care plan
through administrative cost savings that will help moderate the
impact of rising health care costs.”
Insperity has partnered with UnitedHealthcare as its
leading health insurance carrier since January 2002. The
majority of Insperity’s corporate and worksite employees have
health coverage with UnitedHealthcare.
About Insperity
Insperity, a trusted advisor to America’s best businesses for
more than 32 years, provides an array of human resources and
business solutions designed to help improve business performance.
Insperity® Business Performance Advisors offer the most
comprehensive suite of products and services available in the
marketplace. Insperity delivers administrative relief, better
benefits, reduced liabilities and a systematic way to improve
productivity through its premier Workforce Optimization® solution.
Additional company offerings include Human Capital Management,
Payroll Services, Time and Attendance, Performance Management,
Organizational Planning, Recruiting Services, Employment Screening,
Expense Management, Retirement Services and Insurance Services.
Insperity business performance solutions support more than 100,000
businesses with over 2 million employees. With 2017 revenues of
$3.3 billion, Insperity operates in 68 offices throughout the
United States. For more information, visit
http://www.insperity.com.
The statements contained herein that are not historical facts
are forward-looking statements within the meaning of the federal
securities laws (Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934). You can
identify such forward-looking statements by the words “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,” “likely,”
“possibly,” “probably,” “goal,” “opportunity,” “objective,”
“target,” “assume,” “outlook,” “guidance,” “predicts,” “appears,”
“indicator” and similar expressions. Forward-looking statements
involve a number of risks and uncertainties. In the normal course
of business, Insperity, Inc., in an effort to help keep our
stockholders and the public informed about our operations, may from
time to time issue such forward-looking statements, either orally
or in writing. Generally, these statements relate to business plans
or strategies, projected or anticipated benefits or other
consequences of such plans or strategies, or projections involving
anticipated revenues, earnings, unit growth, profit per worksite
employee, pricing, operating expenses or other aspects of operating
results. We base the forward-looking statements on our
expectations, estimates and projections at the time such statements
are made. These statements are not guarantees of future performance
and involve risks and uncertainties that we cannot predict. In
addition, we have based many of these forward-looking statements on
assumptions about future events that may prove to be inaccurate.
Therefore, the actual results of the future events described in
such forward-looking statements could differ materially from those
stated in such forward-looking statements. Among the factors that
could cause actual results to differ materially are: (i) adverse
economic conditions; (ii) regulatory and tax developments and
possible adverse application of various federal, state and local
regulations; (iii) the ability to secure competitive replacement
contracts for health insurance and workers’ compensation insurance
at expiration of current contracts; (iv) cancellation of client
contracts on short notice, or the inability to renew client
contracts or attract new clients; (v) vulnerability to regional
economic factors because of our geographic market concentration;
(vi) increases in health insurance costs and workers’ compensation
rates and underlying claims trends, health care reform, financial
solvency of workers’ compensation carriers, other insurers or
financial institutions, state unemployment tax rates, liabilities
for employee and client actions or payroll-related claims; (vii)
failure to manage growth of our operations and the effectiveness of
our sales and marketing efforts; (viii) the impact of the
competitive environment and other developments in the human
resources services industry, including the PEO industry, on our
growth and/or profitability; (ix) our liability for worksite
employee payroll, payroll taxes and benefits costs; (x) our
liability for disclosure of sensitive or private information; (xi)
our ability to integrate or realize expected returns on our
acquisitions; (xii) failure of our information technology systems;
(xiii) an adverse final judgment or settlement of claims against
Insperity; and (xiv) disruptions to our business resulting from the
actions of certain stockholders. These factors are discussed in
further detail in Insperity’s filings with the U.S. Securities and
Exchange Commission. Any of these factors, or a combination of such
factors, could materially affect the results of our operations and
whether forward-looking statements we make ultimately prove to be
accurate.
Except to the extent otherwise required by federal securities
law, we do not undertake any obligation to update our
forward-looking statements to reflect events or circumstances after
the date they are made or to reflect the occurrence of
unanticipated events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180507005454/en/
Insperity, Inc.Investor Relations Contact:Douglas S. Sharp,
281-348-3232Senior Vice President of Finance,Chief Financial
Officer and TreasurerInvestor.Relations@insperity.comorNews Media
Contact:Suzanne Haugen, 281-312-3543Public Relations
ManagerMedia@insperity.com
Insperity (NYSE:NSP)
Historical Stock Chart
From Sep 2024 to Oct 2024
Insperity (NYSE:NSP)
Historical Stock Chart
From Oct 2023 to Oct 2024