Health Insurance Captive Services
About Captives
These financial arrangements are for employers looking for an alternative to expensive, traditional employee health insurance options of the past. Captives offer qualified employers a comprehensive insurance program that provides them an opportunity to reduce their health insurance costs through a unique combination of individual risk retention, limited risk sharing, and high quality service partners. Ultimately, captives allow like-minded employer groups to benefit from better than average results while limiting down side risk.
Our Services
As part of our Middle Market Group Benefit Practice, we bring together employer groups interested in exploring the concept so that an accurate financial and feasibility analysis can be conducted. If warranted by the potential financial gain, we work with best in class finance, underwriting, and administration vendors to fully develop and deploy the captive. We provide ongoing brokerage and consulting services to the captive and each individual member post launch.
The Process
We work with the “governing body” to identify the best potential captive members within a given group. With an endorsement, we hold an informational meeting (in person or online) that describes the program in detail. Afterwards, those interested in exploring the concept further provide basic medical plan information (rates, design, census, etc). Preliminary numbers are determined and publicized. Those interested in progressing answer group health questions then final rates are determined and the captive is launched. First meeting to launch generally takes from two to six months.