Captive Insurance concepts have been a recognized option for transferring risk in the property and casualty arena for many years. The primary reasons have been to control long term costs, have better information about claims and to implement more focused service solutions that are specifically tailored to individual companies’ goals for risk management.
There is a new concept that is emerging that applies the captive mechanism to employee benefits. It is centered around controlling the fundamental issues that drive benefit costs and breaking the cycle of relying strictly on Insurance Carriers to determine loss trends with no information being shared to the employers.
For most employers, the cost of health insurance continues to rise and is now the second largest expense item, trailing only payroll. The average cost per family is over $13,000 per year.
JKJ Benefits and Pareto Captive Services would like to invite you to be a part of a discussion involving this Group Captive Solution now available to our clients in the Senior Living industry.
A light breakfast will be served.
Please register by January 19th.