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Thomas McGee Health Insurance

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LeadingAge Oklahoma Medical Captive

We are excited to share a unique opportunity with LeadingAge Oklahoma members. Over the past several years, our members have expressed growing concern with the ever-increasing cost of health insurance.  LeadingAge Oklahoma is excited to announce a viable solution. We have partnered with Thomas McGee, L.C., a full-service brokerage firm based out of Kansas City, MO., to offer an opportunity for a medical captive health insurance program.  We believe this partnership will bring greater options for members of LeadingAge Oklahoma.

Many LeadingAge Oklahoma members access a “Fully Insured” health insurance plan for their employees.  These plans leave employers with little to no cost control, claims data or opportunity to manage costs outside of changing health carriers or reducing benefits. In addition to a host of fees, reporting requirements, and mandates (community rating, for example) most employers anticipate a significant surge in premium increases and compliance costs.

The good news: There is a better way! We have an opportunity to join this medical captive, partially self- insuring (protected by reinsurance) and sharing risk with other LeadingAge members.  Over the past two years members who have joined the captive have proven savings when compared to a fully-insured program. In addition to cost-savings, captive members gain control of their health plan and improve their experience through peer-to-peer interaction, consultative guidance to design the benefits that fit best for their budget and employees, and assistance to manage the program based on actionable data. From the employees’ point of view, everything looks and feels the same as the insurance they have now; standard ID cards, co-pays, “network” (sometimes even retaining the same network!).

This program is available to employers with at least 50 eligible employees. To date, the captive has over 150 member employers, over 15,000 employee lives, and approximately 20 CCRC/Medical members, several of which are members of other LeadingAge associations. The captive has benefited from rapid growth and has a 100% member retention ratio.

Employee Insurance Program

Pareto Benefits Captives FAQs

Contrarian Re Captive Program

Executive Summary

For more information contact:
Bailey Okenfuss
Thomas McGee, L.C.
920 Main Street, Suite 1700
Kansas City, MO  64105
Phone: 816-843-4484
Fax:  816-471-0321
E-mail:  bokenfuss@thomasmcgee.com