724.612.4995

Phil@medTRANSltd.com

Get to know medTRANS

Date: October 12th, 2018

 

 

Employee Benefits Captive +

Captive Insurance programs designed for health care professionals

medTRANS Insurance Ltd.

medTRANS Insurance Ltd. (“medTRANS”) is a captive insurance company its insured businesses. Therefore, captive insurance coverage provided through the medTRANS insurance program offers businesses tremendous control and security, which is not available in the commercial market.

Control

Captive insurance through medTRANS allows a business to control all aspects of risk financing through its captive insurance company.

Security

Captive insurance through medTRANS is as safe and secure as commercial insurance.   It is the decision of the business to set the terms of the risk/reward level desired.

Captive Insurance

What is a Captive?

A captive insurance company is generally defined as a licensed and regulated insurance company that provides insurance coverage to its insureds, i.e. the businesses or individuals who purchase insurance from the captive.  A captive insurance company’s primary purpose is to insure the risks of its insureds.

medTRANS Specifics

medTRANS is a captive insurance company domiciled in Nevada with protected cell captives organized within its structure. Each cell is owned by an insured business, who funds its own health benefits plan for the benefit of its employees.  medTRANS issues to the cells, which each cell then issues to its respective insured business, a medical stop loss policy to insure the risks associated with each insured’s self-funded health benefits plan.

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 spending within employer self-funded health plans. Whether through reference based pricing models or extensive medical management, medTRANS has been extremely successful in evaluating medical and prescription claims for accuracy and best practices.  The result of such practice is lower than average medical and prescription claim expense amounts.

Wellness and Cost Containment

The importance of the health of the employee is of utmost importance to medTRANS.  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

Captive

Employee Benefits

Wellness and Cost Containment

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Strategic Partners

Contact Person :

Phillip Holowka

OR CALL US AT:

412.369.9696

SHOOT US AN EMAIL:

Phil@medTRANSltd.com

Address :

4625 West Nevso Dr, Suite 2

Las Vegas, NV 89103

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