Stop-loss general agency Stealth Partner Group has launched Stealth Captive Solutions to provide employers with flexible, self-funded health insurance plans.
The agency works with brokers, consultants and third-party administrators to implement and manage medical stop-loss and ancillary benefits with leading carriers, while Stealth Captive Solutions is designed for companies with between 50 and 500 employees seeking to transition from being fully-insured to a self-funded healthcare plan.
Formed in response to the continued rising cost of healthcare, the cooperative risk share solution enables employers across any industry to associate together in a captive or an alternative customised risk-sharing environment.
Employer groups can band together under one umbrella with Stealth Captive Solutions to capitalise on economies of scale, while retaining flexibility in their own medical and prescription plans, as well as health and wellbeing programmes.
The new solution also contains integrated programmes from Stealth’s Sentinel Solutions portfolio, including patient assistance and dialysis carve-out, to achieve cost containment.
Participants in Stealth Captive Solutions will receive access to transparent monthly reporting — such as projected cost data, projected group risk data and consolidated self-insured claims data — to advise decision-making and reduce volatility and unpredictability.
Harley Barnes, co-CEO of Stealth Partner Group, comments: “Across the board, we are seeing more employers turn to self-funding as the cost of healthcare continues to skyrocket. Not to mention, proactive health risk management is increasingly becoming a priority for employers looking to attract and retain top talent during current labor market constraints.
“We are launching Stealth Captive Solutions to empower these employers to pool together with other like-minded organisations to leverage a higher volume of members to gain access to lower health costs, with more choice.”
Josh McGee, vice president of programme development at Stealth Partner Group’s specialty division, adds: “With the launch of Stealth Captive Solutions, we are looking forward to equipping our existing and prospective clients with best-in-class solutions and support in the dynamic healthcare space.”
