Group Insurance Trusts Multiple Employer and Association Arrangements

A group insurance trust is like no other entity in the insurance market. Those with experience in the field know that there is truly an “art” to constructing a competitive offering and keeping members loyal to the trust year after year.

While new insurance products have increased dramatically over the last several years, this not only impacts what a trust can offer its members, it also impacts what competitors can offer its members. In addition, trust management must continually be on the look out for federal and state regulations that have a direct bearing on trust arrangements. With so much going on, marketing and customer service often get a low priority, yet it is what members say they value most.

Capstone Benefit Advisors know what it takes to succeed as a group insurance trust. We have worked with and advised several of the oldest and most successful group insurance trusts in the country. Through our Consulting Services, we bring innovative ideas and solutions, and we help you compete in today’s volatile healthcare market.

We counsel our clients on the emerging cost management services, including wellness, disease management, and pharmacy benefit management programs. In addition, plan recommendations and evaluation of vendors are all part of the value we bring.

While group insurance Trustees have excellent business acumen, they are typically lacking the experience and training that is necessary to insure your plan is compliant with all ERISA rules and regulations. That is why Capstone will relieve your Trustees of some of their administrative burden by auditing your health plan and developing specific action plans and communications to help assure compliance.

Most group health plans find themselves caught between the distinct advantages and disadvantages of self-funding versus fully insuring the trust. Building from our knowledge base of group insurance trusts, Capstone has created a new and exclusive alternative – a special funding arrangement that offers the safety of insurance with the control and potential reward of self-funding.

Marketing trust products and servicing existing members are key components of a healthy insurance trust program. Yet these efforts are often hampered by a lack of direction, ownership and expertise. We have direct experience in marketing to and servicing employers in a trust group health plan. We’ll use this know how to help you establish clear and measurable objectives for these programs. Or, as part of the service we offer, we can take on any or all of these responsibilities, which are so critical to increasing member satisfaction.