InCap Captive Program
A shared-risk captive structure built for larger Massachusetts employers, generally in the 50-2,000 employee range.
What a Captive Actually Is
A captive is a pooled risk structure where a group of similar employers share claims risk together, rather than each employer buying a fully-insured plan on its own. Premiums are set based on the group's collective claims experience, and when claims come in better than expected, participating employers can see a return of surplus — something that isn't possible in a traditional fully-insured arrangement.
Who It's Built For
InCap is generally suited to larger Massachusetts employers — roughly 50 to 2,000 employees — with enough scale and claims data for actuaries to underwrite the group appropriately within the pool.
An Important Caution
Captives require actuarial underwriting and aren't the right fit for every group. Claims volatility, group size, and risk tolerance all factor into whether a captive structure makes sense compared to level funding or a fully-insured plan.
Wondering if a captive is right for your organization?
Request a review and we'll help you evaluate whether InCap fits your size and risk profile.