Our economy has faced significant challenges in the past and this economic environment, like others, shall pass. This challenging time is a perfect opportunity for employers to review and adopt self-funding for health insurance. Employers are reviewing their sales pipeline and supply chain.
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 and lower fixed 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 focus on keeping our team healthy. We recognize the significant negative financial impact on all businesses this pandemic is having. The economic headwinds will impact businesses for years to come. Encourage employers to explore self-funding their health insurance. Transparent medical group captive program smooth renewals and lower medical spend.
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