Self Insurance

The Holy Grail of Health Care Reform

Fifty-seven percent of employers nationwide are self insured and yet only a handful of private clubs are self insured. How can this be when the financial benefits to the employee and employer are so compelling?

Private clubs that have implemented wellness programs have seen 5, 10 and even 15 percent reductions in their health insurance as the claims are reduced and the incumbent carrier aggressively prices the new enrollment plan. This is not the norm, which is why we partnered with a national Captive and Stop Loss insurance carrier and a National Third Party Administrator (TPA).

Prevo Health Solutions now offers a total consumer driven health plan, Private Club Captive and Self-Insurance option for those clubs interested in controlling health care costs, providing better coverage and sharing in the upside.

For maximum return on investment, Prevo integrates our proprietary Turnkey Wellness Program with the self-insured model to provide the Club with the opportunity to see savings from the current fully-insured model.

Results

Employers that have been self-insured or part of our existing Captives have experienced sustainable and ongoing 20-30 percent reductions in health care costs in a time when other fully-insured employers are seeing 20 percent plus increases with their fully insured programs.

One well known Private Club claims to spend less than 50 percent of the national average. They have 133 employees and have been self-insured for nearly seven years.

Not all clubs qualify to be part of the Private Club Captive. To learn more or to see if you qualify, call 888-321-1804 or visit www.prevoinsure.com.