724.612.4995 Phil@medTRANSltd.com

Captive Insurance programs designed for health care professionals

What is captive Insurance

A captive insurance company is owned by the business which the captive issues the insurance policy to.   It’s a form of self funding.   Therefore, captive insurance offers the business tremendous control and security it can not receive from buying an insurance policy from a commercial insurance Co.

What is a captive?

A captive is generally defined as a licensed & regulated insurance company that is wholly owned and controlled by its insureds, i.e. the business or individual who buys a policy from the captive; its primary purpose is to insure the risks of its owners and its insureds benefit from the captive insurer’s underwriting profits

Is a captive right for me?

How much am I spending today buying each coverage line needed to run the business?  A business spending as little as $250,000 is right on the cusp of being large enough to consider captive insurance.   Ideally, businesses spending more than $500,000 are ideal.

Captive insurance is what we like to call a “Participation Sport”, meaning, the business must be more engaged in the daily management of their risks.   If a business wants to “Hand Off” risk management to a commercial carrier, a captive is not the ideal tool.

What is your Risk Appetite?  Although many inaccurately perceive captives as being extremely risky, stop gaps can be put into place making captive insurance no more risky than commercial insurance.  The luxury of the captive allows the business to decide how much risk is comfortable to take on.

What are your long-term goals?  Captive insurance is more of a decathlon than a sprint.  Captives enable a business to use diversification and statistics to lower or flatten the cost curve traditionally associated with yearly insurance increases.

Employee Benefits

medTRANS Employee benefits: Apart from the ORDINARY

medTRANS is highly engaged in strategies that control health care spend within the employers self-funded health plan. Whether it’s a Reference Based Re-pricing model or extensive medical management or some other tool, we have been extremely successful in scrubbing medical and Rx claims for accuracy and best practices.  The result is lower than average medical & Rx spend and happy employees

Wellness and cost containment

The importance of the health of the employee is without parallel.  The company’s greatest asset revolves around the healthy, productive & good spirited employee who is enabled to use wellness programs to empower themselves.  Without disruption to daily family and work needs, the medTRANS wellness programs encourages and rewards employees to change bad habits into good ones

The medTRANS wellness mission

The importance of the health of the employee is without parallel.  The company’s greatest asset revolves around the healthy, productive & good spirited employee who is enabled to use wellness programs to empower themselves.  Without disruption to daily family and work needs, the medTRANS wellness programs encourages and rewards employees to change bad habits into good ones.

Only as good as our partners!

The medTRANS wellness program partners with vendors who have demonstrated excellence.   Our partners provide the tools and support to deploy a seamless solution to participating employers.

NOT A medTRANS member, no problem!

Our wellness program is a bolt on feature to all companies who wish to engage a wellness program like ours.  Read more

Strategic Partners

What is a strategic Partner?

Are you a fully insured broker looking to do more captive business?   Have your clients been courted by a captive but you don’t have a captive partner yet?

medTRANS is reaching out to brokers, whether P&C or A&H and introducing the Decathlon captive program.  As a uniquely structured captive, our model is more attractive to both the employer and the broker. Read more

Contact US

​© 2016, medTRANS Insurance, ltd.
Quick Access:

Phillip Holowka
724.612.4995
Phil@medTRANSltd.com

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