Employee Benefits
Employee Benefits
Employee Benefits Group Captive
Benefits Expertise
Some of the biggest obstacles facing companies today are the rising costs of healthcare and the ever-changing landscape of employee benefits. We go beyond simply finding the right insurance option for your business. We offer a data-driven, strategic approach to employee benefits insurance that minimizes financial risks and supports the well-being of your workforce.
Healthcare Plan Diagnostic Review
There are many different types of plans and alternatives available to small businesses from HSA s toHRA s. Our review incorporates your practice s specific benefit & premium goals as well as identify the plan s strengths & weaknesses.
Cobra Compliance Checkup
We find many businesses are not in compliance with their Cobra program; our solution is to bring in a specialist for you to reduce this increasing liability. Our Checkup process will identify any gaps and provide a solution to fill them.
Section 125 POP Analysis
This analysis will determine the value of providing this plan for your business. It will identify any eligible savings from using this pre-tax strategy.
401(k) Diagnostic Review
This detailed analysis will provide a Strengths and Areas of Concern report to the plan trustee. Since most business owners serve as trustee of their plan, a special emphasis will be placed on their Fiduciary Liability & how to reduce it.
Key Employee Retention Analysis
Many businesses have one to two key individuals that are an important part of its overall success. This process is designed to demonstrate specific concepts to help the business attract, reward and retain these individuals.
Healthcare Disability Checkup
Our Disability Checkup will determine the efficiency of providing maximum income replacement to business owner as well as specific recommendations on how to properly structure benefits for the remaining staff.
Succession Plan Checkup
A company’s Buy & Sell/Shareholder agreement should be reviewed periodically; from valuation methods to buyout terms, this Checkup will help ensure the owners objectives are integrated into these documents.
Benefits Expertise
Employee Benefits Group Captive
Benefits Expertise
Our forward-thinking employee benefits consulting services are powered by in-depth experience and best-in-class resources that allow our teams to create a tailored approach for each client, empowering optimal results.
- Customized plans based on real data from your company and benchmarking
- Holistic wellness programs & behavioral intervention strategies that engage your workforce and their families
- Disease management programs
- Measurement and accountability
- Deep actuarial analysis and modeling
- Underwriting and benchmarking analysis
- Claims assessments
- Independent validation of insurance carrier proposals
- Self-funding and/or alternative financing analysis
Employee Benefits Group Captive
Employee Benefits Group Captive
Employee Benefits Group Captive
What is Captive Insurance?
Captive insurance is an alternative risk financing solution for companies of varying sizes. As a captive owner, you essentially create your own insurance company. Either on your own or by joining a group of like-minded businesses, you gain ownership and control of all aspects and costs of your insurance programs while creating the potential for significant financial gains.
With funds coming directly from the insured, a captive is a form of self-insurance. The insured owns part or all of the insurance company that has been formed and has a say about how the insurance company operates. This control over how the insurance company manages claims, controls risk, and handles finances is a major benefit of opting into a captive insurance program over a traditional insurance program.
Employee Benefits Group Captive
Employee benefits group captive insurance programs are a strategic opportunity for middle-market organizations to self-fund your health plan alongside a group of like-minded organizations, leading to less volatility and greater foresight.
As a captive member, you gain ownership and control of all aspects of your insurance programs and empower your employees to live healthier lifestyles, directly impacting your risks and pricing.
As a leading agency in the country for employee benefits group captive's, we use our wealth of knowledge and expertise to ensure our captive clients experience the benefits of a captive program, including:
- Greater control
- Stabilized costs
- Enhanced coverage and programs
- Aggressive claims management
- Specialized loss control services
- Potential to receive underwriting profit and investment income
- Reduced long-term costs
- Freedom to use unbundled services
