Doug Truax, CEO of Everlong Captive and Captive Health Insurance, recently said regarding health insurance that if employers and brokers don't position themselves and their clients correctly, they'll be left behind.

Truax created a podcast where he highlighted key insights about Everlong Captive, and why benefits brokers and employers need to consider a health captive with Everlong Captive. He stressed that "the necessity now to do things differently and be transparent and cost-effective is growing and growing."

Everlong does not allow more than 50 employer-owners per cell, so you can get to know and network with your fellow owners over time. Everlong also hosts an annual meeting for each captive group, so owners can meet each other in person to communicate strategies and networking ideas. Captive partners must work together in order to successfully lower costs.

An important consideration is to make sure your program manager is working with multiple fronting carriers. Everlong has multiple fronting carriers, multiple cells and multiple renewal dates, giving each owner a lot of flexibility. Having multiple fronting carriers is important because you don't want to be working with a program manager that's actually a fronting carrier, resulting in you being stuck.

When Truax built Everlong, the main objective was to decrease costs across the board. His solution to that was through transparency and laying out all factors on the table with each client, which has resulted in a decrease in overall health insurance costs.

Broker Craig Stubler expresses how the "curtains on the big front window are open" with Everlong Captive. Everything is out on the table, allowing everything to be explained easier, which is one of the biggest hurdles with captives: not knowing how everything is working and not understanding the claims.