Participating Member Advantages
As a participating member of the BeneRē captive employers will have access to exclusive supplemental benefits including: Proven captive insurance model, only offered after careful consideration Unique cost structure that brings even greater value to participating members Revolutionary insurance plans, structured favorably for employees Highly transparent coverage options that allow employers to see how premiums are allocated
How BeneRē Works:
Traditional
BeneRē
1.
2.
3.
4.
Supplemental benefits enrollment is fast and easy. Employees pay fully insured premiums with no extra cost to the employer. Employee enrolls in program
An “A-rated” insurance carrier administers all aspects of the program and holds the funds to pay all claims throughout the policy year. Insurance company administers the program
BeneRē reinsures 100% of employer-sponsored BeneRē reinsures 100% of the risks
At the end of the year, surplus premium funds are returned to the employee benefits plan in the form of a dividend that must be invested in employee health programs. Potential year-end dividends for employee health programs
programs while still allowing premiums to be held by the insurance company.
Traditional Model vs. Captive Model
Employees typically receive a 15% cost savings with greatly enhanced protection for Accident, Critical Illness and Hospital Indemnity through a highly respected insurance carrier.
Traditional
BeneRē
Premium
$850,000 Lower premium
$1,000,000
Carrier
50%
30%
$255,000 Lower carrier profit
$500,000
Commission + Fees
25%
10%
$85,000 Lower overall cost
$250,000
Claims
25%
60%
$510,000 More money for employees
$250,000
Any unused claims are returned to employer for employee health programs.
(based on 10,000 employees)
We’re A Captive Audience Ready to learn more about the BeneRē difference? Contact us now to schedule a 30-minute one-on-one session. And discover how BeneRē changes everything. kyle.frigon@benere.us | (404) 731-0608
Better benefits. Total transparency.
69
Made with FlippingBook - Online Brochure Maker