In a market beset by escalating healthcare costs, Hilb’s self-funded InCap captive program is the best opportunity for mid-sized groups to lower costs, expand coverage, and take control of their risk financing.
InCap®: A Proven Alternative to Traditional Plans
Captive insurance programs are group health plans wholly controlled by their self-insureds.
A captive plan enables medical health centers to provide high-quality healthcare without having to navigate commercial insurance companies’ rate increases and profit retention. Instead, with the InCap solution, companies that have robust risk management policies and a strong claims history can enjoy significant underwriting profits— 27% of the profit of unspent captive premium dollars were returned to members last year.
Benefits of the InCap® Solution
Why is InCap your prescription for captive success?
Thanks to our considerable bargaining power, we can offer you:
CONTROL AND FLEXIBILITY
Manage and customize your plan’s benefits design to provide coverage that matches your organization’s unique needs and risk tolerance profile.
PLAN SUPPORT
Our benefits consultants and HR Practice Leaders can partner with you to craft a successful, long-term employee benefits program.
CUSTOM PLAN DESIGN
The flexible plan design can provide employees and dependents that seek services at your facility with unique benefits, such as waiving office or specialist copays and covering emerging risks.
NO SURPRISES
With an InCap® solution, there are no unanticipated rate increases or circumstances that necessitate continual plan negotiations.
IMPROVED CASH FLOW
Claims are pooled to control volatility and cash flow.
Since its inception, InCap® members have saved approximately $77 Million in total claims cost savings, compared to if they had remained with a commercial insurance plan.
And, at Clark & Lavey, our self-funded Hilb Group Company InCap® Solution is built to provide a bold alternative to traditional plans. Our negotiating power enables us to reduce insurance premiums, lower risk, and optimize tax savings.
Start saving by joining InCap® today.