Case Study: Healthcare Captive Company achieves $500K first-year savings and improved benefits with Alera Group captive funding

Healthcare Captive Company - Customer Case Study

Alera Group worked with Healthcare Captive Company, a non-profit multi-state health system with 35,000 employees, to evaluate whether captive funding could reduce employee benefit costs, improve benefits, and boost participation through a feasibility study.

Alera Group recommended captive funding for basic life and supplemental life benefits, including spouse and dependent child coverage, and helped set up a fronting company arrangement and onshore captive branch. The new plan delivered enhanced benefits, improved claim payment speed from 1 month to 3–5 days, increased employee participation by 8.5%, and generated a projected first-year savings of $500,000.