Employee Benefit Captives

Better Benefits. Smarter Spending. More Control.

If you’re self-funding, or considering it, you already know how unpredictable health insurance costs can be. As claims rise, so do premiums. But what if there was a way to share risk, gain stability, and unlock real savings?

At McConkey Insurance & Benefits, we help employers move beyond the fully insured model by joining employee benefit captives, collaborative programs designed to control healthcare costs while enhancing plan transparency and performance.

What Is an Employee Benefit Captive?

An employee benefit captive is a group of like-minded employers that share stop-loss risk while maintaining control over their own self-funded medical plans. As part of a captive, you gain access to greater purchasing power, protection from large claims, and a trusted community of employers focused on cost control and employee health.

You remain in charge of your plan design, network, and vendors, but now with a layer of financial protection and peer support that you wouldn’t have on your own.

Why Join a Benefits Captive?

Protection from Catastrophic Claims: Shared stop-loss risk keeps big claims from sinking your budget
Long-Term Cost Control: Escape the year-over-year premium spikes of the fully insured market
Greater Transparency: See where your healthcare dollars are going, and how to control them
Underwriting Returns: Potential for surplus distribution when claims run well
Vendor Flexibility: Choose the best TPA (third party administrators), PBM, (pharmacy benefit management) and wellness solutions for your population

Who’s a Good Fit for a Benefits Captive?

We typically recommend benefits captives to employers who:

The McConkey Captive Difference

McConkey has been leading the way in alternative funding strategies for nearly 30 years, including a growing focus on benefit captives. We’ve helped hundreds of employers build better health plans with smarter risk strategies, and we stay by your side throughout the journey.

You don’t need to figure it out alone. We’ll help you ask the right questions, find the right partners, and build a long-term solution for your team and your bottom line.

A Better Benefits Strategy Starts Here

If you’re feeling the pain of rising healthcare costs and want a more transparent, strategic way forward, we’d love to talk.