Joining forces with Checkpoint HR enables us to deliver a full-service model, including employee benefits, administration, human resources and payroll.
Edison, NJ (PRWEB) October 13, 2014
Employee benefit and human resource innovator CheckPoint HR, Inc. today announced the acquisition of Quantum Benefits, Inc., an insurance brokerage based in New Haven, Connecticut. Terms of the transaction were not disclosed.
Quantum Benefits has operated in Connecticut since 2003, providing employee benefits brokerage and consulting services to organizations throughout the region. The boutique agency is known for delivering highly attentive customer service and health advocacy to client employees and their families. The agency is led by founders Phil Orlando and Joseph Hall. CEO Phil Orlando’s 19-year health care background includes sales and management roles at Benefitport, Oxford Health Plans, Executive Health Group and U.S. Surgical. President Joseph Hall’s 20 years of group health care experience includes 10 years serving in sales and management roles at Oxford Health Plans with a strong focus on proactive underwriting.
All Quantum Benefits employees will join CheckPoint HR and continue serving clients from the company’s New Haven offices.
“This acquisition markedly extends CheckPoint HR’s reach into the Connecticut and Westchester County markets,” said Jim Pugliese, chief executive officer of CheckPoint HR. “Connecticut is a heavily mandated state with seven major insurance carriers and highly educated buyers. Quantum Benefits’ extensive market knowledge and stellar reputation for customer service combined with CheckPoint HR’s robust technology and service capabilities create a formidable offering in the region.”
CheckPoint HR provides technology and expertise for controlling health insurance costs, efficiently managing administration and ensuring regulatory compliance. The company is the first to fully integrate the employee benefit, human resource and payroll functions on a single technology platform. The cornerstone of this platform is CheckPoint Choice, a full-service employee benefit marketplace.
“Our decision to align with CheckPoint HR follows the path we’ve taken since founding Quantum Benefits,” said Orlando. “We consistently embrace forward-thinking plan designs and technology. Joining forces with Checkpoint HR enables us to deliver a full-service model, including employee benefits, administration, human resources and payroll. It also positions us to offer an employee benefit marketplace as the private exchange model gains traction with employers.”
“Private exchanges will be more popular in 2015 and here to stay in 2016,” added Hall. “Any agency that ignores the trend will be playing catch-up. With CheckPoint behind us, we can compete with brokers and consultants of any size. We have all sides of the equation taken care of. It makes a sales call very comfortable when you can answer, ‘Yes, we can do that.’”
About CheckPoint HR
A total employee benefit and human resource solutions provider, CheckPoint HR empowers businesses of all sizes to save money and administrative resources while offering more choice and flexibility to employees. Our expert employee benefit team offers unrivaled expertise in employee benefit strategy, selection and administration. Our proprietary insurance marketplace, CheckPoint Choice, delivers a full-service private exchange that is affordable and easy to manage. Our CheckPoint Core technology fully automates the HR and employee benefits process from recruitment through separation. Collaborating with our employee benefit and human resource experts, CheckPoint HR’s software developers incorporated key industry best practices into a compliance-aware rules engine that takes the guesswork out of employee benefits and HR. The result is efficiency, accuracy, risk mitigation and significant cost savings. To learn more, visit http://www.checkpointhr.com or view a short video at https://www.youtube.com/watch?v=Xo5QBNX1Kw4.