True Captive: Benefiting Both Clients and Brokers
True Captive Insurance
We are a health insurance company that helps brokers and companies reduce costs using our True Funded? captive program
The Problem:
A Group Threatened to Leave Their Broker
A group approached True Captive intending to reduce the expenses associated with a kidney drug that incurred a monthly expenditure of $28,000. The organization's proprietor declined to renew their contract with the broker until a viable solution could be presented to effectively manage the pricing of this high-cost medication. Notably, this situation had been acknowledged previously, but no proactive measures had been taken to address it.
The Solution:
True Captive Came In With Innovation
Upon approaching True Captive with this challenge, our team members proactively engaged with multiple Pharmacy Benefit Managers (PBMs) to explore various strategies aimed at reducing pricing while ensuring the continued inclusion of the individual in the plan.
True Captive adeptly identified a strategic solution for the group, one that not only upheld the quality of care for the individual but also enhanced the efficiency of the previous delivery mechanism. This initiative not only made the medical condition more manageable but also significantly improved the well-being of both the employee and the group.
The Outcome:
We Brought Them Together
In this endeavor, we not only achieved a favorable outcome but also retained a valued client for the broker, showcasing our commitment to delivering exceptional results. In addition to this, True Captive was able to save the client $30,000 per month with our approach.
Employee Benefits $avior: Your company is overspending on medical claims, and we can fix that. We reduce costs, improve employee satisfaction, and make healthcare easier to navigate.
1 年Well done!