The healthcare marketplace has become a moving target.
Leaders like you are frustrated with the lack of control, flexibility and transparency over your organization’s healthcare spend. Tired of employee benefit rate increases year after year? Interested in designing, analyzing and managing your program with a greater degree of control?
An employee benefits captive is an insurance entity formed and managed by similar, like-minded employers who want to take control of their employee benefits costs.
Claims are processed by a third-party administrator hired by the captive, according to the rules established. Small claims are paid directly by each employer, mid-size claims are covered by the pooled captive fund, and insurance is purchased to cover catastrophic exposures. Employers are often able to stabilize the long-term cost of health insurance by joining an employee benefits captive.
Is your company a good fit for a captive?
If you are ready to take back control over your organization’s healthcare spend and explore the options within a group captive, contact us here.
If you are interested in learning more about Group Captives for Property & Casualty coverage, click here.