EMPLOYEE BENEFIT captive
Stability. Transparency. Accountability. Results.
Sick of double-digit premium increases year after year?
If you’re a small or mid-size business struggling with increasing healthcare costs, a captive may be the solution you’re looking for. By pooling risk and group purchasing stop-loss coverage with other small and mid-size businesses, captives allow employers to become self-insured without the worry that a bad claims year will sink your business.
Through a partnership with the National Alliance of Healthcare Purchaser Coalitions and Employers’ Advanced Cooperative on Healthcare, the HPA offers members the opportunity to participate in STAR Captive. Participants in the captive get all the flexibility of self-insured employers, and when there’s a good claims year they get to pocket the extra cash. Benefits of the Alliance captives include:
Coverage tailored to meet your needs
Reduced operating costs
Affordable, no-laser stop loss contract
Fully funded / no mid-year assessments
Transparent, pass-through pharmacy benefit manager (PBM)
Savings in good years, stability in bad years
Networking/Learning events for participants and their brokers
If you think a captive might be a good option for your business, or you just want to learn more about how they work, contact us.