Healthcare & Benefit Programs
Are You Trying to Gain More Control Over Your Company’s Healthcare Costs?
Many companies are trying to find more affordable ways of insuring employee benefits and they are trying to gain more control over their healthcare costs. Placing benefits (life, group health, group disability) in a captive insurance company is a solution that more and more companies are choosing.
What is a Captive Insurance company?
A captive insurance company (‘captive’) is, in its simplest form, a wholly owned insurance subsidiary of an organization/company (parent) that insures all or part of the risks of its parent. Captives are often formed by companies when business insurance for a certain commercial risk is either unavailable or unaffordable through traditional insurance markets.
How Can Our Firm Help?
Bartlett Actuarial Group (‘Bartlett’) provides consulting services to assist you in establishing a Captive Insurance Company. Bartlett will complete a study which will review overall costs, optimum retention levels, and capital and surplus requirements. We can help you set up a program where you can control your company’s health insurance costs through the use of a captive insurance program.
Is your firm is currently paying over $500,000 in healthcare costs for your employees’ benefits? If so, you may be a good candidate to insure these costs through a captive insurance program. For more information, please contact us at 843-377-0993.