Everlong’s Captive Health Insurance program average stop loss since inception is just 3.6%

CHICAGO - January 1, 2022 - As of Jan. 1, 2022, Everlong Captive Health Insurance has shown an average renewal of 3.6% since its start 11 years ago. 

“In 2010, we named our first captive cell, the Longbow Employee Benefit Captives, taking the current captive model used in the business liability world, modifying its structure and improving its performance, enabling us to turn back the tide of this ever-increasing medical insurance cost caused by lack of control and transparency, and then all without requiring a sea of employers to navigate volatility,” Doug Truax, Founder and CEO of Everlong, said.

In addition to the average stop loss increase of 3.6%, members experience -6% renewals after premium return with no risk of future lasers. Everlong’s track record has demonstrated proof of its concept in achieving high-performance while delivering industry-leading captive stability.

“We in part accomplish this by helping our brokers and our employers utilize our in-house resources to manage claims proactively and control costs long-term," Truax said. "Everlong changed the paradigm demonstrating that rate caps are not necessary."

Everlong currently operates with only 50 employees per captive cell, allowing clients to still achieve economies of scale and actuarial certainty to make informed claims and population health-related decisions.

“If your clients are hitting their rate cap, something’s really wrong," Truax said. "Ask the right question, ‘Why is my client hitting the rate cap, and what can I do about it?’ The reality is, rate caps don’t provide real peace of mind, it’s just an illusion that no matter what my clients do, or don’t do, they’ll still be OK and you get to retain the business. Innovation is quickly becoming an expectation, and is why Everlong’s high-performance captive program doubled in size in 2021. Employers expect more from their group health insurance and Everlong delivers."

Website Link: https://www.everlongcaptive.com/commoditized-captives/

Podcast Link: https://www.everlongcaptive.com/podcast/

LinkedIn Company Link:  https://www.linkedin.com/company/everlong-captive/

For additional information, please visit https://www.everlongcaptive.com

Inquiries contact: enquiries@everlongcaptive.com

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About Everlong Captive Health Insurance:

Founded in 2012, with its headquarters in Downers Grove, Illinois, Everlong facilitates the formation and ongoing operation of high-performance health insurance captives for employer owners and their brokers willing to buck the current insurance system. 

Employers who are members of the Everlong Captive take the health insurance profits that health insurance carriers make and pay that money back to themselves with an innovative insurance and funding solution. Members also reduce long-term claims costs through sophisticated initiatives to improve employee health. Everlong is a better way to purchase group health insurance.