Understanding Captive Insurance Arrangements | New York Employee Benefits
Bill Olson, Chief Marketing Officer at United Benefit Advisors
More and more employers—especially mid to large size groups—are considering different types of self-insured financing mechanisms. UBA Partners are at the forefront of helping employers understand their options, and as a group of independent advisors bound by a code of conduct to actively cultivate, validate and share wisdom, we offer advisors and employers unparalleled local and national expertise.
Mark Gaunya, a UBA Partner, recently recorded a helpful podcast for benefit advisors on the use of Captive Insurance Arrangements as an alternate funding mechanism that adds a few components that create a comfort level with employers considering the change to self insurance.
Mark shares a couple of critical conversations advisors should have with those prospects and clients, before diving into the ins and outs and math of the process. Advisors will learn how to explore and understand an employer’s buying philosophy, how to understand the three mindsets of a purchaser and how to help employers move from being a purchaser to being an in-control owner.
Mark explains how a captive insurance arrangement works, how it differs from a traditional insurance purchase, and what type of organizations it is best suited for. Listen to this podcast here.
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Topics: self-funding, benefit consultants, Mark Gaunya, captive, self-insured financing, captive insurance arrangementbenefits broker new york, health insurance, NY Employee Benefits, NYC benefits broker