Benzinga | Jan 3, 2022 08:32AM EST

Insperity, UnitedHealthcare Extend Relationship Through 2026; Terms Not Disclosed

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 20-year relationship for medical and dental coverage with UnitedHealthcare, a UnitedHealth Group (NYSE:UNH) company. The contract extension, which includes medical coverage through 2026 and dental coverage through 2024, will utilize UnitedHealthcare's industry-leading provider networks and clinical care programs to provide Insperity's worksite employees with premium health care benefits while also increasing plan participation and supporting national expansion. The extension includes administrative cost savings beginning in 2022, with additional savings as future growth objectives are achieved.

"We are very pleased to extend our strategic partnership with UnitedHealthcare, which has been an integral piece of the value and stability we have provided to our clients, worksite employees and their families over the past 20 years," said Jim Allison, Senior Vice President. "This extension will further enhance that value through significant administrative cost savings over the next five years, and continues the efforts of both companies to manage the trend of rising healthcare 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.