You may be wondering – how much is group health insurance for a small business? Hilb’s InCap® healthcare captive program offers a remedy for the rising costs of health insurance premiums. InCap presents an alternative to conventional fully-insured health insurance plans, where fixed premiums are paid to an insurance carrier, which retains annual profits. Instead, InCap distributes its profits annually among member companies.
InCap’s Healthcare Captive Program is Your Prescription for Success.
It offers a range of benefits that member companies enjoy annually, including:
- Control over your plan’s benefits design
- Protection from unexpected rate hikes
- Transparent data, cost, and communication
- Simplified plan negotiation
- Risk and cash flow management through claims pooling
- Retention of underwriting profit and investment income
To understand how InCap’s healthcare captive program operates and to find a captive program advisor, click here.
How Much is Group Health Insurance for a Small Business? Contact Us To Find Out!
As a member of the InCap healthcare captive program, you can enjoy cost savings. InCap offers some of the most competitive premium rates for both employers and employees. Essentially, Hilb’s InCap healthcare captive program provides coverage controlled by its owners. It leverages the collective bargaining power of a large participant pool to reduce insurance costs, mitigate risks, and optimize tax benefits. Moreover, participants in the captive insurance program can potentially share in underwriting and investment profits. Here are a few examples of our most recent shared savings:
- $10,509,695 New Distribution of Profits from Pool Shared Among Group Health Insurance Plans & Employee Health Insurance
- 15.4% of Unspent Captive Premium Dollars to be Returned
- $71 Million in Total Savings Since Inception for Group Health Insurance Plans & Employee Health Insurance
- $758,995 Average Annual PBM Rebates for Group Health Insurance Plans & Employee Health Insurance
Start Saving Today! InCap is your solution to combat rising healthcare expenses. Get in touch with us to learn more about our healthcare captive program and see if it’s a good fit for your business. Our dedicated team is ready to address your needs.