The Self-Insurance Institute of America (SIIA) has launched a new educational initiative focused on employee benefit group captives (EBGCs), also known as stop-loss captives.
The campaign aims to raise awareness of how this type of alternative risk transfer solution can help small and mid-sized employers successfully operate self-insured group health plans to control the cost of providing quality health benefits to their employees.
The campaign, which has been developed by SIIA’s alternative risk transfer committee, will including targeting captive insurance regulators to educate them about what they should be looking for and what questions they should ask when considering EBGC applications.
Its will also target broker organisations, to educate them on why the opportunity to participate as part of an EBGC may make the decision to self-insure easier.
Les Boughner, president of the SIIA, said: “This is the perfect opportunity for the association to leverage its collective expertise regarding self-insured group health plans in a way that has the potential to expand the marketplace when coupled with information about innovative captive insurance solutions.”
Committee chairman Andrew Cavenagh, said: “We have a great volunteer team that has been highly engaged on this project. This is just another example of how the SIIA effectively harnesses volunteer resources to get big things done for our industry.”
