AIG Benefit Solutions and Scott Captive Solutions have entered into a strategic partnership to offer CAPvantage Select, a national group medical stop-loss captive programme.
The programme is designed to meet the growing demand among mid-market employers for self-funded options in the era of healthcare reform and does so by helping companies to control healthcare costs and reduce their risk—as well as managing tax expenses and fees associated with fully insured products.
Pim Jager, vice president at Scott Captive Solutions, commented: "Group captives allow employers to address the volatility, non-transparency and cash flow concerns often associated with the traditional self funded and fully insured market."
“At the same time these Group Captive programs provide tools and partnerships with best in class vendors to help employers better manage the health risk in their population and drive better financial outcomes in the long term."
Bob Hosler, national sales director of stop loss captives at AIG Benefit Solutions, commented: "AIG Benefit Solutions prides itself on helping employers provide valuable and affordable protection to their employees."
"One of the major challenges we see facing mid-market employers today is the rising cost of employee health coverage and determining a cost-effective approach to maintain their employee benefit programs. CAPvantage Select was developed to specifically meet this growing need."
