How one Drilling Company Saved BIG $$$ on Healthcare
This is a special roadshow series of @SelfFunded with Spencer, this time on-site in San Antonio, TX for the Annual medTRANS meeting of employers.
medTRANS is a member-owned and governed medical stop-loss captive insurance company.
In this episode, Lew Walde shares his experience of moving their healthcare into a captive, and how not only were they able to save money, but their members experienced lower healthcare deductibles and out-of-pocket expenses at the same time.
This is the first in a 7-Episode miniseries around captives, featuring employers and a few trusted vendor partners of MedTRANS.
Special thank you to Phillip Holowka for allowing me to cover this conference and share some of his client's and partners' stories with the world.
For those wanting to know more about medTrans - here is their website:
How it Works:
- Each business forms a cell captive of medTRANS.
- medTRANS provides the cell captive with the license to issue a medical stop-loss insurance policy, and the cell captive issues to its insured business (the employer).
The insured business pays a premium to the cell captive, which is then remitted to medTRANS on a funds-withheld basis.
The cell captive enters into core documents with medTRANS to insure risks associated with the policy issued to its insured business, as well as to insure the risk of the collective captive participants.
