- Aug. 15, 2019
-- INFINITI HR and Quad M Solutions, Inc. announce the formation of its joint venture company PrimeAxess, a provider of innovative health insurance plans combined with a full suite of employee benefit services that targets segments of the 'Gig Economy' labor market that generally includes employers with less than five employees, and whose numbers exceed 50 million. The joint venture is subject to the finalization of the letter of intent, due diligence, and execution of a Definitive Agreement.
PrimeAxess will act as the Employer of Record (EOR) for employers that meet specific requirements and are subsequently leased to their respective companies. PrimeAxess, as the EOR, will provide comprehensive employer-controlled HR and payroll service, as well as workers' compensation insurance, risk and compliance controls, COBRA, 401(k), reinsurance, financial services, supplemental insurance, long-term care insurance support, employee and employer retirement benefit services, and a myriad of financial, insurance, and benefit resources.
Through Quad M Solution's wholly owned subsidiary NuAxess 2, Inc., PrimeAxess offers proprietary self-funded health plans that feature no coinsurance, open provider access, Health Savings Accounts, balance bill protection, and the lowest deductible for employees along with first dollar coverage. Millions of workers will finally have affordable comprehensive medical insurance available to them.
"No other company has chosen to truly meet the health insurance and HR needs of this fast-growing segment of American business," Quad M Solutions CEO and Founder Pat Dileo said. "With more than 50 million workers hungry for a solution, PrimeAxess will be the first. We are excited to demonstrate to the world that with transparency and fairness, a sustainable, consumer driven health insurance model will disrupt the current health insurance industry."
In partnership with INFINITI HR, clients are better positioned to navigate increasingly complex employment-related matters and meet federal and statutory obligations as it relates to human resource administration and compliance, payroll and tax processing, employee benefits, risk management, and safety compliance. INFINITI HR provides multiple service platforms including a professional employer organization (PEO) deliverable as well as administrative service support (ASO) and stand-alone payroll and insurance solutions.
INFINITI HR delivers its solution through an integrated combination of robust cloud technology and an active client relationship that emphasizes high-tech and high-touch interaction. The INFINITI HR Cloud is a 100% web based, easy to use, complete client-centric HRIS platform that couples with INFINITI HR's expert services, all designed to simplify HR and let our clients focus on growth.