Health Care Reform has yet to show its power to mitigate rising costs by “bending the trend curve.” Employers will continue to have direct influence in controlling their premiums by plan designs, risk prevention and purchasing methods. In 2012, The Horton Group will be launching a new healthcare captive purchasing strategy that will allow businesses to control their second largest business expense: employee health benefit plan costs ultimately affecting their bottom-line
Healthcare captives can be used as a strategy for employers with 50 or greater full-time employees as a method to:
- Cost Control Through Transparency
-Captives provide transparency in claims and losses to the employer creating clarity on what is driving up their claims and costs. - Return on Investment for Premiums
-Employers that discover, correct and improve problems in their employees have the opportunity to recoup unused premiums invested in the employee benefits health plan.
Additional benefits include:
- Plan design flexibility
- Ease of administration
- Lower fixed costs
- Retain carrier profit
- Reduced State Premium Taxes (healthcare reform impact minimized)
- Eliminate or reduce some of the state mandated benefits
- Cash flow advantages, no pre-funding of self-insured claims
- Remove their population from the fully insured carrier pools
- Become one of the High Performing Group Medical Plans
- Simple funding and bill system allowing Non-For-Profits to participate
If you are tired of being controlled by the insurance market pools and are looking for an alternative solution, please fill out the form below.
