Insurance and risk management firm Johnson, Kendall & Johnson (JKJ) and Pareto Captive Services plans to host a discussion on 20 February on the captive approach to employee benefits.
The discussion will focus on how the new captive approach can help mid-size employers in the senior living industry reduce costs and increase control over employee benefit programs.
The idea is that if companies can better control and predict core issues that drive benefit costs; they can break the cycle of relying solely on insurance carriers to determine loss trends.
Liz Burns, executive vice president of JKJ Benefits, said: “If you are a mid-size employer who wants to take control of your healthcare program and shift your healthcare model from one of illness care to one of prevention leading to reduced cost and a healthy workforce, group captive offers that opportunity.”
“We’re seeing a significant shift in employers focusing on the value of health. They understand a key ingredient in driving organisational growth and success is the physical and emotional health of employees. As such, a key component to a successful organisation is including a worksite wellness program.”
Burns explains that employers who fund healthcare have far too long focused on managing soaring healthcare costs and have missed the fundamental point of managing health.
“We need to shift the paradigm from having our health plans be plans of rescue where benefits are predicated on paying to treat disease and injury to health plans with a principle foundation of paying and rewarding for health improvement. But this won’t be achieved if we allow others to manage and control our healthcare decision,” said Burns.
The upcoming captive insurance session is the latest installment of JKJ University, a series of workshops on insurance, safety, risk and claims management issues designed to assist senior living communities with safety and risk management initiatives.
To register for the discussion on captive insurance, click here.
