Our economy has faced significant challenges in the past like the one we are in now. This challenging time is a perfect opportunity for employers to adopt alternative funding for health insurance and receive positive cash flow benefits.
These economic headwinds encourage employers to focus on cash flow and managing controllable expenses. Fully insured health insurance is a 100% fixed cost. Partial self-funding is a “pay as you go” approach. Backstops are provided to eliminate volatility through a risk sharing vehicle. Employers can focus on managing their business while enjoying lower fixed monthly payments for health insurance.
This COVID-19 pandemic is causing the Medical Captive Underwriters’ team, our clients and partners to practice CDC-directed steps to control its spread. The goal is controlling and eradicating it. Let’s keep COVID-19 from spreading further.
We continually focus on keeping our team healthy and we recognize the significant negative financial impact on all businesses that this pandemic is having. The economic headwinds will impact businesses for years to come. Encourage employers to explore the self-funding of their health insurance.
Don McCully runs Medical Captive Underwriters LLC, (www.medicalcaptive.com). Focus is lowering medical trend and spend for enrolled employers. ClearCaptive is a 50-state open access medical stop-loss group captive solution for middle market employers with at least 50 employees enrolled