How employers can address the rising costs of healthcare
With healthcare costs continuing to rise, more and more employers are exploring alternatives to traditional insurance programs.
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Scroll through to learn three reasons why now is an excellent time for your company to consider self-funding your health insurance plan by joining a medical stop loss group captive.
GET STARTED
How employers can address the rising costs of healthcare
With healthcare costs continuing to rise, more and more employers are exploring alternatives to traditional insurance programs.
Scroll through to learn three reasons why now is an excellent time for your company to consider self-funding your health insurance plan by joining a medical stop loss group captive.
Healthcare Costs are Soaring
01
Average employer costs for family premiums have more than tripled in the last 20 years.
The cost of healthcare is also far outpacing inflation.
3X
Employer Healthcare Costs
(Per Family)
$6,438
$8,003
$9,950
$11,480
$12,680
2000
2002
2004
2010
2012
Healthcare vs. Inflation
Employer Healthcare Costs
Consumer Price Index
2008
2016
2018
2020
2022
2014
2012
2010
1. Kaiser Family Foundation. Employer Healthcare Costs for Companies with 200-999 employees.
Sources
2. U.S. Department of Labor Bureau of Labor Statistic
109
121
130
145
152
165
173
101
107
110
111
116
120
136
2008
2014
2016
2018
2020
2022
$13,770
$15,745
$16,834
$18,142
$21,342
$22,463
2006
$19,616
2000
2005
2010
2015
2020
2022
$10,880
$13,770
$17,545
$21,342
$22,463
02
Employees View Healthcare as a Crucial Benefit
Employees rank healthcare as the No. 1 benefit they consider when evaluating a job, which makes it essential for employers to maintain high-quality health insurance programs.
73%
57%
26%
Health Insurance
Retirement Savings Plan
Dental/Vision Insurance
3. Employee Benefits Research Institute and Greenwald & Associates
Sources
03
There are Untapped Options Available
1. Kaiser Family Foundation
Sources
Companies that Self-Fund Health Coverage
91%
Large Companies
1,000+ Workers
59%
Mid-size Companies
50-999 Workers
11%
small Companies
3-49 Workers
More than 90% of large companies use self-funded insurance to reduce costs and increase control over program components.
Despite the advantages of self-funding, less than
60% of mid-size companies leverage this option.
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A Solution for
Mid-Size Companies
Medical Stop Loss
Group Captives
Medical Stop Loss Group Captives are an affordable and attractive option for mid-size companies looking to self-fund their health benefits.
Self-funded insurance is often thought of as too expensive for mid-size companies and reserved for large, multi-national corporations. But — thanks to the group captive model — entrepreneurial companies of any size can enjoy many of the benefits of self-funding. Medical stop loss group captives allow mid-size companies to achieve the buying power of a massive corporation while enjoying the support of other like-minded organizations.
Contact Captive Resources to learn more.
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