SAN DIEGO, Nov. 5, 2015 /PRNewswire/ -- Barney & Barney Insurance Services LLC, a Marsh & McLennan Agency LLC, today announced that more than 5,000 employees are now covered under Beyond Benefits, an innovative employee benefits program that allows life science and biotech firms to secure more affordable health care coverage for employees.
Beyond Benefits enables life science and biotech companies to pool their coverage needs and together secure health insurance rates typically available only to larger companies with more employees. Beyond Benefits is open to California life science and biotech companies with more than five employees.
Since its launch in 2012, Beyond Benefits has saved member companies $4.95 million in annual medical premiums. The program started with 11 companies and 500 employees and has grown to 160 companies and more than 5,000 employees.
"Our Beyond Benefits program has been tremendously successful because it enables emerging biotech and life sciences companies to compete against larger competitors by offering similar, high-quality health care coverage at affordable prices," said Shawn Pynes, Principal and head of Barney & Barney's Employee Benefits Division. "By coming together, companies can level the playing field and attract and retain highly skilled employees in today's very competitive marketplace."
For technology companies, Barney & Barney created a similar program called Technology Trust. The program is designed for private or pre-IPO technology firms seeking to offer competitively priced benefits to current and prospective employees. Benefits include medical, dental, life, vision, disability, wellness, COBRA, and workers compensation.
For more information about Beyond Benefits and Technology Trust, contact Madalyn Altschuler, [email protected], 858.587.7472.
About Barney & Barney
Barney & Barney is one of the nation's leading insurance brokerages, offering a comprehensive line of risk management and employee benefit solutions. The firm specializes in commercial property and casualty insurance, employee benefits, workers' compensation, compensation consulting, executive liability, personal lines and surety. In 2014, Barney & Barney joined Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh Inc., the world's leading insurance broker and risk advisor. Barney & Barney has offices in San Diego, San Francisco, Walnut Creek and Orange County. For more information, visit www.barneyandbarney.com, or call 800.321.4696.
SOURCE Barney & Barney