Triton Benefits & HR Solutions, a national employee benefits broker and HR consultant, has launched a captive insurance programme.
The programme allows employers to combine employees' claims experience with other businesses to control medical insurance costs.
Triton’s captive programme, which targets organisations with up to 5,000 employees, provides insurance options from leading re-insurers and includes the networks of United Healthcare, Aetna and Cigna.
The captive programme enables employers to better manage their total cost of risk and provide control over healthcare costs with greater flexibility of benefit plan design.
In addition, it utilises analytics to help employers align their organisation’s needs with the best healthcare plan options and budget.
Steve Rosenthal, president and CEO of Triton Benefits & HR Solutions, says: "Our captive health insurance program has played an integral role in helping business owners offer affordable benefits programmes.”
He adds: “Organisations from different industries have leveraged captive health insurance programs to reduce costs, lower their risk, and provide financial flexibility and control, especially as they navigate through the COVID-19 pandemic.”
