NHLRA Group Health Insurance Captive
Break away from the uncertainties and expenses of employee health insurance premiums. Group captives provide a tremendous opportunity to realize substantial savings over current health insurance premiums while maintaining control of a plan's benefit design. Interested members must have at least 50 eligible employees, and at least 38 participating employees. Contact Kristan Caceres at Clark & Lavey Benefits Solutions to get started.
Why Group Captives Make Sense
First, consider the 80/20 rule. This rule dictates that 20 to 30 percent of those who are covered by insurance plans drive 80 percent of the claims. In a typical pool for most small and mid-sized companies, that 20 to 30 percent consists of what insurance companies consider to be high-risk employers who drive up costs for everyone else. Good and above-average risk employers and associations essentially finance risk for their bad-risk counterparts. So it makes good sense for good and above-average risk employers and associations to leave the fully insured marketplace in favor of self-insurance options through group captives.