New group captive solution for SMEs
Arizona-based stop loss general agency Stealth Partner Group, part of the wholesale specialty insurance distributor group Amwins, has launched a group captive solution.
Stealth Captive Solutions will target employers with 50-500 staff and provide flexible self-funded healthcare plans. Employer groups will be able to come together under one umbrella while maintaining the flexibility to choose and fund their own medical and prescription plans and health and wellbeing programs that fit their employees’ needs, the company said.
It also includes cost containment tools, such as integrated programs from Stealth Partner’s Sentinel Solutions portfolio, including patient assistance and dialysis carve-out. Employers will have access to monthly reporting that includes projected cost data, group risk data and consolidated self-insured claims data that show gaps in care and the quality of providers used.
“Across the board, we’re seeing more employers turn to self-funding as the cost of healthcare continues to skyrocket. Not to mention, proactive health risk management is increasingly becoming a priority for employers looking to attract and retain top talent during current labour market constraints,” said Harley Barnes, co-CEO of Stealth Partner Group.
“We’re launching Stealth Captive Solutions to empower these employers to pool together with other like-minded organizations to leverage a higher volume of members to gain access to lower health costs, with more choice.”