BUSINESS OPERATIONS if the plan model and the pricing are a good fit, the new plan will be implemented with a third-party administrator (TPA). Additionally, the TPA will work with the employer to manage the new plan and processes that will accompany the changes through the transition. WHAT IS A GROUP CAPTIVE? A captive is a funding platform that facilitates multiple selffunded employers who aggregate a majority of the premium for one sole purpose—to be utilized by its members, specifically during bad times. Essentially, a captive serves as an additional buffer between the traditional insurance company and the employer. If the captive funds need to be used for participating member claims, because member premiums are supporting other members’ needs, the captive doesn’t need to recoup the premium as aggressively at renewal. Through the sharing of captive funds (premiums), members are insulated from market factors and the pricing of commercial insurance. CAPTIV8 ARPM leadership, together with the First Resource team and Captive Solutions & Options, developed a healthcare captive, CAPTIV8, which offers access to unique programs including centers of excellence, pharmacy cost containment, and more. Participants see cost savings through better controls and access to data, allowing members to make more educated health insurance decisions and create long-term strategies. No long-term commitment is required. To find out more about CAPTIV8, visit https:/arpminc.com/captiv8/ or contact Susan Denzio at sdenzio@firstresourceinc.com. Are you ready to TAKE CONTROL of one of your company's largest expenses? ARPM in combatting members' rising insurance costs with tailored strategies that positively impact both your employees and your company. Visit arpminc.com/captiv8 to learn more. Introducing CAPTIV8, health insurance strategies created for rubber manufacturers. WWW.ARPMINC.COM / 19
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