Large Group Medical Insurance Broker Resources

Businesses with 100 or more employees may benefit from a large group health plan.  When a business has many employees, finding a comprehensive and affordable health plan option that meets their needs can be a challenge. Large group health plans often provide more customized coverage than most small group health insurance plans and allow benefits to be designed to meet the specific needs of an employer group. Large-group plans tend to be more cost-effective than small group health insurance, as the risk is spread among a larger pool of people and can be structured with several alternative funding arrangements. This flexibility in plan design and funding alternatives allows employers to obtain more competitive pricing for their health plan.  

Fortunately, Warner Pacific can help insurance brokers discover the best solutions for their large employer clients.  Our large group broker services provide brokers with the market information they need to recommend appropriate health plans for their clients.  Our large group resources include a range of options from leading insurers and TPAs that are designed to meet the needs of large and complex employer groups, as well as additional information that can help brokers identify the right balance of coverage, deductibles, pharmacy, network, and funding arrangements.

To get a proposal for your large employer client, please complete the Request form below.

Additionally, “Captives” for employer-sponsored health plans are an innovative approach to managing healthcare costs and risks. Here’s how they work:

What is a Health Insurance Captive? A health insurance captive is a form of self-insurance where multiple employers come together to pool their risks. This is done through a captive structure that brings different employers together under one umbrella.  

By pooling resources together, employers achieve economies of scale and lower administrative costs and stop-loss premiums. They also enjoy greater flexibility in plan design that can influence better health outcomes, and because of the greater control over claims costs, they are often able to design benefits that are more affordable and appeal more to employees.

Not every employer is suitable for a Captive. There is a financial commitment for an employer to be a part of a Captive which may include an upfront investment or monthly assessment – these are handled differently by each captive.  The size, financial stability and risk profile will be considered before an employer is accepted into Captive participation. 

Health insurance captives offer a collective strategy for employers to gain more control and potentially reduce costs associated with providing health benefits to their employees. It’s a collaborative effort that requires commitment but can lead to significant advantages for both employers and employees.

Warner Pacific is experienced in many types of funding arrangements and all types of self-funding arrangements including Captives.  We have relationships with several different Captives, each with its own unique features and attributes.  If an employer is the right fit, Warner can assist the broker in placing an employer in the Captive that is right for them, while providing concierge ongoing service to ensure strategic success.