TriNet Bridges the Health Coverage Gap by Facilitating Access to Alternative Offerings for Small and Medium Size Businesses

As small and medium size businesses (SMBs) navigate the economic impacts of COVID-19, TriNet, a leading provider of comprehensive human resources, is working to help small and medium sized businesses understand the range of health coverage offerings available to them. At this time, we are proud to be helping the company's 18,000* SMB customers navigate transitional healthcare coverage options for their employees. According to recent data from the Kaiser Family Foundation (KFF), about 156 million Americans (around 49 percent of the country's total population), receive employer-sponsored health insurance. With the U.S. economy experiencing an abrupt contraction, and millions of workers at risk of losing their health coverage, additional options are needed.  Workers who lose health coverage may continue their coverage through COBRA. However, with an average annual premium of $20,576 per family in 2019 (according to additional KFF information), extending employer group coverage through COBRA is out of reach for many families. TriNet is responding to the looming health insurance coverage gap by facilitating access to alternative health plan options in addition to COBRA.  These alternatives come in a range of price points, which provide greater accessibility at a time of economic uncertainty.  This is a comprehensive effort aimed at ensuring TriNet customers and their workers are empowered to choose the best plans to meet their current needs.