- Oct. 17, 2019
-- INFINITI HR and Quad M Solutions, Inc. (OTCBB Symbol – MMMM) through its wholly-owned subsidiary NuAxess 2, Inc. signed a definitive agreement to form its joint venture company PrimeAxess, Inc., that will provide comprehensive health insurance benefits combined with a full suite of mandated employer/employee benefit service, including, non-mandated supplemental and life insurances, vision, dental, critical illness, long-term care, Medicare Advantage, wellness, and an array of homeopathic natural products and services.
The gig economy labor market, a pool that generally includes employers with less than five employees and whose numbers are estimated by some to exceed 50 million employees, is growing exponentially.
PrimeAxess will operate as the staffing company and employer of record (EOR) for employers that meet specific legal requirements under state and federal law, and are subsequently leased to their respective hiring companies. The company will provide comprehensive payroll including all required HR services as well as workers' compensation insurance, risk and compliance controls, COBRA, 401(k), reinsurance, financial services, employee and employer retirement benefit services, and a myriad of financial, illegal, and medical benefit resources.
In performing all essential employer services, client companies are assured full compliance with IRS, state and federal DOL, and other mounting regulatory requirements mandated by federal, state, county, and local government bodies.
Through NuAxess 2, Inc., PrimeAxess can offer proprietary self-funded value based health plans that feature no coinsurance, open provider access, first dollar funded employee owned health savings accounts, balance bill legal protection, and high deductible plans that lower employee out-of-pocket deductibles by way of an innovative split/dual purse deductible. Millions of gig economy employed workers will finally have available to them a choice to obtain affordable and sustainable comprehensive major medical health insurance that includes partially funded health saving account (HSA) retirement benefits.
"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 Co-Founder Pat Dileo said. "With more than 50 million workers eager to find a real solution, PrimeAxess will be the first to market to a national audience."
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