Current Healthcare State:

• 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 medium sized employers in a difficult position as they have very few product options and scarce information about the healthcare system. They often don’t even know what claims they have or where their premium dollars go.
  
• The lack of transparency inherent in the system prevents employers from taking control of the cost of health insurance. The only thing clear to them are the annual increases they experience each year.

Interesting Statistics – It’s time to Promote Personal Responsibility:

• 70% of all health insurance claims are the result of preventable and modifiable conditions – lifestyle choices!
• 74% of health insurance claims are the result of diabetes, cardiovascular disease, cancer, and obesity.
• 33% of Americans are obese and an additional 40% of Americans are overweight.
• 7% of Americans have diabetes and an additional 26% of American are pre-diabetic.

Incentives Work!  

• Did you know that employers can provide participation based incentives/disincentives?
• Did you know that employers can provide results based incentives/disincentives?
• If properly structured, participation and results based incentives/disincentives will help create a culture of good health, lower medical claims, and improve employee productivity.

• Our Group Health Captive allows medium sized employers to take advantage of proven tools, techniques, and risk reduction strategies that are used successfully by employers with over 1000 employees.
• Employers using our risk reduction strategies are experiencing rate increases under 3%, far better than the double-digit rate increases most employers are experiencing.
• Providing complete control over health insurance costs by offering transparency and the opportunity to reduce these costs, the Group Health Captive actually creates stability and helps to increase profits.
• Our Group Health Captive encourages a healthier workplace and provides employees with a better quality of life, both at work and at home.

How The Group Health Captive Works:

• 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.    Trade Associations

4.   Purchasing Cooperatives

5.    Franchisees

6.    Portfolio Companies of Private Equity Firms

• Each employer has the ability to offer any medical plan design.
• Each employer's rates will be based on the demographics and risk inherent in their own group.
  
• Employees with chronic conditions are identified and nurses engage these employees on a proactive basis to help them better manage their health.
• The Group Health Captive eliminates carrier profit, minimizes state premium taxes, and uses proven risk reduction strategies.
  
• The result is a likely savings of 10%-20% in year one, and significantly greater savings in future years.

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.
• Wellness websites for each employee and telephonic coaching is included.
• Duke University customized online wellness courses specific to each employee's needs.
• All monies not spent on claims are returned or retained by employer
  

Interested In Learning More?

Please complete this simple form to learn more about this new Group Health Captive.  Gary Becker will personally call you to any answer any questions you may have.

Our Group Health Captive is not a miracle cure or a panacea: reducing both the short and long term costs of providing health insurance will require an investment of time and effort on the part of the employer.