Procedant created a unique Medical Stop-Loss Captive program
Procedant is a leading provider of customized risk management solutions for businesses, including medical stop-loss captive programs. One such program that Procedant created for a client involves a self-funded medical plan that includes a stop-loss coverage for large medical claims.
In this program, the client forms a captive insurance company, which is a subsidiary that is wholly owned by the client. The captive insures the medical stop-loss coverage for the client’s self-funded medical plan, which is designed to cover large claims that exceed a predetermined threshold. The captive is funded by the client’s premium payments and claims reimbursements, which are managed and administered by Procedant.
The medical stop-loss captive program provides the client with greater control over their self-funded medical plan, while reducing their exposure to large claims. By forming a captive, the client is able to customize their stop-loss coverage to meet their specific needs, as well as gain access to reinsurance markets for additional protection. The program also provides financial benefits, such as potential tax savings and investment income from the captive’s assets.
Procedant’s team of experienced professionals work closely with the client to design and implement the program, providing ongoing support and management to ensure its success. Through this customized solution, Procedant helps the client to reduce their overall healthcare costs, while providing greater financial security and stability.
- Project Name: Medical Stop-Loss Program
- Client: Asserta Health
- Project Start Date: January 5, 2023
- Project Completion Date: August 31, 2023
- Project url:
