Captivated Health offers its members a dual strategy of strategic financing and employee engagement. Our core belief is that both components need to be included to effect significant long-term success.
Until now, many small and mid-sized employers were purchasers rather than owners of their health insurance. Captivated Health’s members join together into a larger pool which makes their claims experience much as predictable as those larger employers, and lets them become owners who take control of their health insurance plans.
How it works.
Insurance companies have been making money on your group medical plan for years. How do they do it? They pool your employees together with those of other businesses. They create that larger group which makes claims costs predictable. They set a price that includes those costs as well as taxes and fees, and they make a profit.
As a purchaser of health insurance, you pay those annoying annual increases – even when your group has a healthy year.
Captivated Health allows you to become an owner and enjoy the same benefits of predictability, control and financial stability without ceding those taxes and profits to an insurance company that treats you like a group number.
We begin with a traditional self-insurance model – the same financing arrangement used to provide insurance to nearly 60% of all U.S. employees. Your pricing is based on paying the most predictable claims, sharing those claims that are slightly less predictable and purchasing reinsurance to insulate you from those large unpredictable claims.