What is the Brazo National Health Plan?
BNHP is a health insurance plan developed by Brazos on behalf of ARM, available exclusively to ARM members and their members. These are self-funded plans that are aggregated to share risk and leverage the combined population to reduce cost and volatility.Back to TopWhy is ARM Mid-America Offering a Captive?
ARM Mid-America’s mission is to support our agency shareholders by creating channels for business growth, increased revenue, and partnership opportunities to ensure independent agencies can elevate their ownership. ARM Mid-America's dedicated team provides specialized solutions.
Back to TopWho is Brazos Captive Advisors?
- Captives are a singular concept that both adhere to our mission and brings value to our members.
- ARM Mid-America members are looking for a unique solution for their clients who are expressing frustration with the group health market.
- ARM Mid-America sought a solution that could be exclusive to clients of ARM Mid-America members, and more competitive than traditional options, allowing its members to use collective buying power to be stronger together.
Brazos Captive Advisors (“Brazos”) is a national firm specializing in the design, implementation and management of captive insurance companies and self-insured plans. Our partners collectively have over 50 years of experience consulting organizations and are backed by a national network of world class professionals. Brazos provides a comprehensive, integrated approach for our clients to manage their risk and protect the business they have worked hard to build.Back to TopWhat is a Health Captive?
Captives are self-funded health plans that pool together multiple employers (Plan Sponsors) to spread risk, stabilize costs, and provide greater control with transparency.Back to TopHow are the Plans Aggregated?
The plans are aggregated by joining a captive cell. Each member’s monthly premium provides funds to that cell, which becomes a shared risk layer for the captive members. The captive layer is spread across all members reducing the need for insurance and providing an opportunity for more equity in excess reserves.Back to TopIs Brazos National Health Plan a qualified plan?
Yes. BNHP provides ACA compliant plans.Back to TopWhat are the advantages of the Brazos National Health Plan?
The advantages of the BNHP include:
Back to TopWhat type of organizations will benefit from Brazos National Health Plan?
- Tailored Coverage – the captive can custom-write a policy to fit the needs of its insureds, even when such coverages are unavailable or prohibitively expensive in the commercial market.
- Pricing Stability – stable loss experience results in stable premiums. Since the captive insures only the risks of its owners, broad market conditions that result in fluctuations to premiums may not affect your captive insurance program.
- Unbundled – Each plan sponsor can choose their TPA, Network, PBM and retained risk limit, and if necessary, make changes without disturbing the plan. The captive, in aggregate, can choose to change stop loss carriers if warranted.
- Greater Transparency – Our platform provides comprehensive reports that track all funds coming into and being paid out of the plan.
- Improved Cash Flow– The plan sponsor can improve cash flow by paying claims as paid, not in advance as with traditional insurance.
- Retained Risk Reserves. Excess reserves of the retained risk are owned by the plan sponsor.
Brazos National Health Plan is a good option for companies with engaged management that are willing to collaborate with us to manage the plan. Companies with low utilization are particularly prone to benefiting from our plan as they are likely subsidizing bad risks in their current pool. Businesses frustrated with continuously rising costs and lack of control over their health insurance will find this plan empowering.Back to TopWhat types of plans are offered under Brazos National Health Plan?
We can quote plans comparable to your current plan. We also can customize a plan that provides optimal care at minimal cost without increasing out of pocket expenses of plan participants.Back to TopWhat about provider Networks?
We have access to national provider networks including CIGNA, UHC and PHCS.Back to TopCan our plan save money under Brazos National Health Plan?
BNHP commonly reduces plan costs by 20% (or more) on average over a 5-year period.Back to TopWhat Do You Need to Provide a Quote?
Brazos has developed a Data Quoting Template to be filled out with the following information:
Back to TopHow long does it take to get a quote?
- Basic information about the business.
- Census information on plan Participants.
- Information on the current plan including benefit summary and 3 years of rate history and claim reports.
- Our proposal will provide a detailed pricing summary with a 5-year projection of total costs.
It takes about two (2) weeks from receiving the completed data template to generate a proposal which is then presented to the Plan Sponsor for consideration. Please note- Timing is critical as claim data must be 90 days current to the target effective date.Back to TopWhy Haven’t I Seen This Before?
BNHP was built exclusively for ARM Mid-America members and their clients. Captive plans are gaining market share as Plan Sponsors continue to seek alternatives to the limited options in the fully insured market. It is a sophisticated solution to a top line expense item and requires collaboration with senior management.Back to TopWhat Involvement Will the Plan Sponsor Have in the Administration of BNHP?
The day-to-day administration functions of this plan are handled by the TPA and other contracted vendors, just like a traditional insurance plan. There is no more administration than needed with a traditional insurance plan.Back to TopWhat Technology is Available Through BNHP?
The TPAs offer Benefit Administration Platforms and can often integrate with 3rd Party Ben Admin Systems. We also have access to a secure 3rd Party application for members to access benefits via their smart phones.Back to TopI have additional questions, where can I get more information?
To learn more, contact one of our consultants today at 405-804-1234. Back to Top