As healthcare costs continue to soar, many companies scramble to find ways to control costs and still provide the quality health plans their employees need and deserve. If you find yourself in this situation, the solution is not about cutting benefit programs to control costs, but how you fund them. A Captive insurance program is a form of self-insurance where you’re not going it alone, but are part of a much bigger pool, lowering your risk. And captives give you control over your benefit plan design – so you’re not compromising on the quality of your benefits.
If you’re reading this post, you’ve probably done some research on Captives already. Need a refresher? Visit our blog for information and to find additional resources. You can also read how Pierce Aluminum saved $2.9 million by participating in our medical group captive!
You’ve heard that Captive programs have the potential for serious cost savings, but maybe you’re looking for a more precise amount that your company could save. Clark & Lavey is here to help with that! If you’re interested in a Captive program, we’ll use a cost savings calculator to estimate how much you can save.
Want to find out your pricing? Contact us today and let’s crunch the numbers. For now, here’s an idea of average medical usage cost savings.