medTRANS Insurance Ltd.
medTRANS Insurance Ltd. (“medTRANS”) is a captive insurance company owned by its protected cell captives. Therefore, captive insurance coverage provided through the medTRANS insurance program offers businesses tremendous control and security, which is not available in the commercial market.
Control
Captive insurance through medTRANS allows a business to control all aspects of risk financing through its captive insurance company.
Security
Captive insurance through medTRANS is as safe and secure as commercial insurance. It is the decision of the business to set the terms of the risk/reward level desired.
Captive Insurance
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 Specifics
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.
Employee Benefits
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.
Wellness and Cost Containment
Employee health is of utmost importance to medTRANS. The medTRANS wellness programs encourage and reward employees to engage in healthy habits leading to a better lifestyle.
The medTRANS wellness mission
The medTRANS wellness programs encourage and reward employees to change bad habits into healthy ones.
Only as good as our partners!
medTRANS partners with vendors who have demonstrated excellence in wellness programs. Our partners provide the tools and support to deploy a seamless solution to participating employers.
NOT A medTRANS member, no problem!
Our wellness program is accessible to all companies who wish to engage in a wellness program.
Strategic Partners
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.
Contact Person :
Phillip Holowka
OR CALL US AT:
412.369.9696
SHOOT US AN EMAIL:
Phil@medTRANSltd.com
Address :
4625 West Nevso Dr, Suite 2 Las Vegas, NV 89103