An increasing number of small and mid-sized employers are exploring Medical Stop Loss (MSL) group captives as an alternative to first-dollar health insurance and traditional self-funded health insurance programs. iMECMSL leverages the benefits of a self-funded health plan through the use of our insureCap’s captive insurance overlay.

Health insurance is a key benefit that employers must provide if they’re to offer employees a competitive benefits package and continue to attract and maintain top talent. Employees rank their health insurance as their most important benefit which makes health insurance much more than a low-cost decision. However, with traditional, fully-funded health plans, you have few options to control these costs.

insureCap has created a group captive program called iMECMSL which offers smaller and mid-sized companies a way to leverage the benefits of self-funded plans by allowing smaller and mid-sized companies to combine their buying power to build self-funded health insurance programs as a group.

Benefits of iMECMSL Group Captive

iMECMSL captive members enjoy increased control of a self-funded program while accessing insureCap’s protection from catastrophic claims. Here are just a few of the benefits of joining iMECMSL group captive:

• Allows you to leave the conventional market and share risks with like-minded employers.

• Gain control facets of your health insurance program, including plan design, costs, and claims.

• Improve health management strategies.

• Greater transparency into the flow of dollars and loss data.

• Return of unused underwriting dollars.

• Stabilize their health insurance costs.

iMECMSL - Mastery of Self-Insuring Employee Health

iMECMSL offers a comprehensive health benefit solution for employers seeking an alternative to the conventional Fully Insured model. This innovative self-insured approach confronts the industry’s dilemma of high costs versus high risks. insureCap’s iMECMSL, a captive health benefits program, aims to minimize expenses while managing risk across several years, granting you the autonomy to craft a bespoke health benefits plan with ease.

• Medical Benefits: iMECMSL encapsulates necessary coverage and services within various ready-to-launch benefits packages.

• Plans: Opt for a plan that best matches cost and coverage preferences for you and your employees, or retain your current plan.

• TPA Support: Partnering with premier third-party administrators, iMECMSL facilitates plan initiation, including enrollment, claims processing, and reporting.

• Health Networks: Engaging with both extensive PPOs and local networks to ensure access to top-tier health care services at competitive rates.

• Pharmacy Benefits: iMECMSL presents diverse pharmacy benefit options, securing exclusive contracts to maintain prescription costs within your budgetary targets.