Put Control of Healthcare Costs in Your Hands
Companies can control the rising costs of healthcare with a Medical Stop Loss Captive program. There are several ways in which you can choose to structure the program based on the size of your business and appetite. For organizations looking to share the risk but prefer to use an existing captive facility rather than form their own, a Rent-A-Captive solution using a Protected Cell Captive is beneficial. You are able to retain a limited amount of additional risk and benefit from the positive experience within the captive layer.
How A Medical Stop Loss Captive Works
Each participating employer has their own aggregate stop loss coverage to pay for claims up to a specific amount. If one employer exceeds their own individual stop loss, the remainder of the group will share in the loss up to a certain amount. The stop-loss carrier will pay for large catastrophic claims. Employees also have a selection of multiple high-deductible plan designs from which to choose.
Moreover, if your business experiences fewer or no medical claims in an insurance year, you will recover some of your captive’s insurance premiums.
All industries are eligible for our Medical Stop Loss program. Caitlin Morgan Captive Services employs strong underwriting criteria, with each group’s current risk evaluated. The key behind using a Medical Stop Loss program is the commitment of each employer when it comes to having similar benefit philosophies, health-management tools, including wellness, and best practices.