Group Health Captives for Small Business - Pennsylvania

Group Health Captives For Small to Mid-Sized Employers are gaining traction and here is why:

* For many employers, the cost of health insurance continues to rise and is now the second largest expense item, trailing only payroll. The average annual cost per family is almost $13,000 per year.

* This puts employers in a difficult position as they have very few product options. They often don't even know what claims they have or where their premium dollars go.

* There is very little transparency in the system and it prevents employers from taking control of the cost of health insurance aside from budgeting the annual 20% increase.

How The Odell Studner Group Can Help:

* Our Group Health Captive allows these employers to address these annual increases and access insurance techniques currently used by much larger companies.

* Allowing the availability of control over health insurance costs by offering transparency and the opportunity to reduce these costs by pulling insurance company profit out of the equation.

* Our Group Health Captive encourages a healthier workplace and provides employees with a better quality of life, both at work and at home while providing a stable cost structure for your health insurance costs.

How does The Group Health Captive Work?

* A group of employers form a Group Health Captive in an effort to reduce the cost of health insurance. It can be formed with a variety of employer groups such as:

1. Existing Group Captives or Risk Retention Groups
2. Existing Self-Insured Groups for Workers Compensation
3. Clients of an Agency or Broker
4. Trade Associations
5. Franchisees
6. Portfolio Companies of Private Equity Firms

Key Features:
* Provides access to the same tools, techniques, and risk reduction strategies offered by the largest of employers
* Eliminates carrier profit
* Minimizes state premium taxes
* Offers ability to eliminate or modify state mandated benefits
* Offers complete plan flexibility and transparency
* Encourages working together with "like-minded" employers
* All wellness, coaching, and EAP plan included
* All monies not spent on claims are returned or retained by employer

We anticipate an employer's savings of 13% in year one and 22% by year five.

Considering 5-10% of your employees can account for 50% of your claims, is your company doing anything to mitigate this risk?
Considering that 7% of adults are diabetic and an additional 26% are pre-diabetic, is your company doing anything to help at-risk employees improve their health?

The group health captive program allows mid-sized employers to offer a partially self-funded health plan and enjoy the significant underwriting profit an insurance company earns. Proven tools, techniques, and incentives are put into place to help employees better manage their health. If your company has the financial wherewithal, and the proper commitment this approach will make more sense than fully insured health plans for the majority of employers over the long term.

If you are interested in more information about Group Health Captives, or if your company is interested in participating in our Group Health Captive please contact me at (650)4-TURNER/(650)488-7637 or just click below enter your name and number and Google will contact me.



About me:

I have been a specialist in the world of group captive insurance for over 7 years and I believe 100% in the financial freedom captives can offer. Odell Studner, my company, has over 70 clients is captive programs and that number is growing annually. We are also the largest broker in the country for a group captive call Temporary Services Insurance Limited (TSIL). TSIL is a group captive owned by 115 staffing companies, providing workers compensation insurance. Workers Compensation insurance is the 2nd largest expense item behind payroll for most staffing companies and the TSIL captive has been an amazing success. If employee benefits are your 2nd largest expense or if it's approaching fast, please reach out and explore the world of captive insurance, it's worth the investment of your time.