What is a Captive?
A captive insurance company is generally defined as a licensed and regulated insurance company that provides insurance coverage to its insureds, i.e. the businesses or individuals who purchase insurance from the captive. A captive insurance company’s primary purpose is to insure the risks of its insureds.
medTRANS is a captive insurance company domiciled in Nevada with protected cell captives organized within its structure. Each cell is owned by an insured business, who funds its own health benefits plan for the benefit of its employees. medTRANS issues to the cells, which each cell then issues to its respective insured business, a medical stop loss policy to insure the risks associated with each insured’s self-funded health benefits plan.
medTRANS Employee Benefits: Apart from the ORDINARY
medTRANS is highly engaged in strategies to control health care spending within each insured’s self-funded health plan. Whether through reference based pricing models or extensive medical management, medTRANS has been extremely successful in evaluating medical and prescription claims for accuracy and best practices. The result of such practice is lower than average medical and prescription claim expense amounts.
What is a Strategic Partner?
Are you a broker looking to do more captive business? Have your clients been courted by a captive insurance program but you do not have a captive partner yet? medTRANS is reaching out to brokers, whether P&C or A&H and introducing the our captive program. As a uniquely structured captive insurance program, our model is more attractive to both the employer and the broker.
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