medTRANS Reduces its Expense Load for 2025
With growth and underwriting success brings lower fixed costs to members
Pittsburgh, Pennsylvania – December, 16, 2024 – medTRANS Insurance Ltd. (“medTRANS”) is pleased to announce that for the 2025 treaty year, which starts on 1/1/25, the overall expense load of the stop loss policies issued will be ~11.0%, down from 14.5% for the 2024 treaty year. This represents a 25% reduction in year-over-year expense load. medTRANS gains efficiency with growth. Our growth primarily stems from selective membership access and exhaustive scrutiny & pushback of remitted stop-loss claims.
As Katherine Lanier, President of the medTRANS Board of Directors, eloquently stated “Our selective growth will continue to allow us to be more efficient in the delivery of a medical stop loss policy than all other methods of purchasing a stop loss insurance policy.” Jeff Morella, President of Complete Captive Management Services, LLC (“CCMS”), suggests “I am so very proud of the CCMS team that is focused and dedicated to running medTRANS so that we not only achieve efficiency, but real, measurable value to the members.”
medTRANS strives to be the most efficient method to deliver a stop-loss policy. This efficiency is the sole reason our members have received an average return of premium of 27% of paid premiums year over year for the past 8 years. Phil Holowka, COO of CCMS, proclaims “We are simply more efficient than other methods of purchasing a medical stop loss policy. This efficiency allows us to price our premiums at or below market rates AND give back ~ 27% of the member’s paid premium.”
What is an Expense Load?
The cost to an insurer to deliver a policy to the insured. Generally known as S, G & A costs are company fixed expenses, commissions, profit, excess insurance premiums, premium tax, etc. Simply, any portion of the insured paid premium dollars not used to pay insurance claims.
About medTRANS Insurance, Ltd.
medTRANS Insurance, Ltd. is a member-owned and governed medical stop-loss captive insurance company offering employers a cost-effective entry into captive insurance ownership. Each employer establishes a single-parent captive which provides a medical stop-loss policy to mitigate the risks of self-funded health plans. Together, single-parent captives share risk, creating a collaborative structure that enhances financial security. Over time, underwriting profits generated within each employer’s captive are returned directly to the employer, delivering long-term value and financial flexibility. medTRANS is committed to empowering employers with innovative risk management solutions and sustainable cost control. For more information, visit medtransltd.com.
About CCMS
Captive insurance management is the primary duty of Complete Captive Management Services, LLC. As the engaged captive manager of medTRANS, our responsibilities are common to other captive managers, plus, we function much like a managing general underwriter. CCMS has been the captive manager for medTRANS since 2017.
If your stop loss is not working for your business, call Mike Wilson, Director of Captive Strategies at 407-803-3893 or reach him via email at mmwilson@completecaptive.com
Media Contact
Colleen I. Berarducci, Marketing Assistant
media@completecaptive.com