THE COMPANY
Multi-generation family-owned automotive group and motor vehicle company with dealerships, credit facilities, and safety supply services.
THE CHALLENGE
Prior to joining Everlong’s high performance health insurance captive model, this automotive group and motor vehicle company was seeking a solution they could relate to as “car people.” They wanted the best deal with transparency while minimizing variable costs.
OUR SOLUTION
Everlong presented an approach that stabilized and lowered renewal trends while providing full passthrough transparency and relationship-driven innovation.
- 5-year average stop loss increase is just 3.1%
- No risk of future lasers & 100% transparency
- Premiums include organ transplant coverage
- Dividend return included -6% trendline
We make transferring simple. A majority of those that join come from traditional self-funding.
This self-funded company significantly reduced their PEPY exposure, with recent year dividends exceeding $57K and $2.3M total since joining Everlong. More client specific claim reduction efforts and results below. See below for more client-specific claim reduction efforts and results.
HIGH PERFORMANCE HEALTH INSURANCE CAPTIVES
Our founders were innovative benefits brokers, just like you. They developed a truly independent and ethical solution by reimagining how employer-based healthcare gets done – for you, your clients, and even us.
By participating in our high performance health insurance captives your clients can expect:
- No overrides of any kind from any carrier or vendor (our members come first)
- Your clients receive their money immediately at the close of the year
- Membership owned (full passthrough transparency)
And our incentives are fully aligned with you and your clients. We use a fee-based PEPM compensation model, which means we win when your client grows, not when their premium increases. It’s time to stop shoveling money at the fully insured stop-loss carriers and instead pay as little as possible and keep the profits of what you do pay. Turn back the tide of ever-increasing medical insurance costs caused by a lack of control and transparency.
Recent Posts
Why Ownership Matters: Unpacking the Benefits of a Health Insurance Captive
In the fast-evolving landscape of healthcare and employee benefits, employers often find themselves navigating a labyrinth of choices and compromises. Health insurance serves as both a fundamental necessity for employee well-being and a persistent source of financial...
Specific Stop Loss: How It Works
HOW IT WORKS Specific Stop Loss (or Individual Stop Loss): The Stop Loss Carrier and the Owner will agree to a threshold where once an individual member’s claims exceed that amount, the Stop Loss Carrier will assume responsibility for claims paid for services incurred...
Getting the Product Right Is More Than Innovation
Getting the product right builds trust between you and the consumer. But what exactly does it mean to get the product right? With varied industries throughout the United States, is the “right” product available in a one-size-fits-all solution? Perhaps not in the way...