Employers are under pressure to find innovative ways to manage the rising costs of employee health and benefits programs without compromising quality. Geoff Christian, EVP and Employee Benefits Captive Leader at AssuredPartners, notes that businesses face significant challenges with healthcare benefits plans. "If these challenges are not properly addressed, they can lead to employee dissatisfaction and potentially result in the loss of valuable talent," he says.
The Employee Benefits Captives Team at AssuredPartners, led by Christian, aims to help businesses overcome these obstacles. By addressing common struggles associated with providing a benefits plan, companies can improve employee satisfaction and retention.
These issues highlight the need for more flexible, transparent, and cost-effective healthcare benefits solutions for both employers and employees.
To tackle the rising costs of healthcare benefits plans, several strategies can be implemented. The Employee Benefits Captive Team at AssuredPartners has developed AMPLIFY, an exclusive employee benefits captive for businesses with 50 or more enrolled employees. This program offers tailored risk management, stop-loss protection, and other member benefits while connecting organizations committed to better outcomes.
Christian emphasizes the value of captive membership: "Captive membership brings accountability through peer networking and shared best practices." He adds that joining an alliance focused on controlling benefits costs supports a disciplined approach to managing them. "For organizations prepared to take ownership of their risk," Christian concludes, "captives offer financial stability and greater transparency, control, and long-term value."
AssuredPartners' Captives Team is ready to guide employers through joining a captive program designed for strategic leadership in their benefits offerings.