With no relief in sight from constant health insurance hikes, group captive insurance plans are becoming a popular, more economical solution for employee benefit plans. How do they work? The captive structure is simply a risk vehicle alternative to traditional, high-cost group insurance plans. It’s a form of self-insurance that is partially funded by employers and allows members – versus commercial carriers – to benefit from underwriting profits, investment income and tax advantages. CypressCap was created to help companies with 50+ employees reduce their overall health benefit costs. The transition to group captive insurance is virtually seamless for employees. They’ll pay less for insurance premiums and deductibles, as well as reduced amounts for office visit co-pays and prescriptions.
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