- Are members required to meet specific benchmarks or qualification before they can join? (i.e. health and wellness qualifications, retrospective loss ratios, underwriting requirements)
- What are the captive’s guidelines for risk management and claims and cost controls?
- Are the captive management fees based on performance (i.e. part of shared risk and vary depending on performance) or volume (i.e. size of the overall premium invested)?
- Are wholesalers and/or advisers required to share risk in the second layer?
Are existing members available for informational conversations and ongoing support?
Benefits Think 4 keys to ensure successful participation in a captive health plan
Rodgers is the managing partner at Axial Benefits Group, which is based in Boston.