Benefits Captive Program
Benefits captive program
What is an employee benefit captive?
A specialized insurance arrangement where many employers are pooled to form a captive insurance plan. Captives are considered a form of self-insurance and employers share the risks to create a more stable risk pool. Captives feature the risk stability similar to a fully insured plan but offer the plan design flexibility and potential claim savings of a self- funded plan.
Employer Benefits
Complete Plan Design Flexibility
Employer can modify or change benefit coverage as desired.
Employer Retains Claim Savings
If the actual claims are less than the expected claims projection, the employer will retain the surplus. With insured plans, the insurance company retains the surplus.
Fixed Monthly Premiums
No cost variance from month to month.
Full Transparency
We will be able to provide detailed claim reporting so that the employer can understand where their health care dollars are being spent.
Underwriting Process
