PHOENIX – (November 13, 2012) – For the third consecutive year, MJ Insurance has reported double digit year-over-year growth in its Phoenix employee benefits division. MJ recently released its fiscal 2012 year-end figures which include a 39 percent increase in employee benefits revenue.
In fiscal 2010, MJ reported its Arizona employee benefits division revenue increase by 33 percent. In 2011, the increase was 40 percent. Michael H. Bill, CEO of MJ Insurance, attributes the continued growth to employers and employees recognizing significant challenges brought forth by health care reform.
“Health care reform and employee benefits are, by far, the No. 1 concern facing our clients right now,” said Bill. “Our growth in this sector is a direct reflection of the confusion and uncertainty businesses are dealing with right now. They know change is happening, but are unsure how it affects their businesses, employees and the bottom line.”
Beginning in 2014, rules go into effect that will have significant impacts on employer-sponsored health plans. To prepare clients for fundamental changes in the employee benefits sector, MJ has employed industry-leading tools to help businesses analyze how various health reform changes will alter their benefit packages.
MJ’s “Health Reform Impact Analysis Tool” analyzes data from employer-sponsored plans and determines client-specific recommendations. Following a detailed employee benefit census, MJ’s tool identifies the many contributing factors including employer size, employee demographics and current plan designs to individually tailor plans and future benefit structures for MJ clients. “This analytical tool is proving to be extremely beneficial to organizations – large and small,” added Bill. “It is one of the many solutions our clients are seeking help with right now.”
MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefits agency that, since 1964, has grown from a two-person start-up to an agency with more than 125 employees. MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefits programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.
ABOUT MJ INSURANCE
MJ Insurance is a leading property-casualty and employee benefit agency specializing in various commercial sectors: construction, manufacturing, sororities, coal mining and transportation, as well as comprehensive employee benefit programs. Since 1964, MJ Insurance has continued to expand through growth, service and leadership. Additional information may be found at www.mjinsurance.com.
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