Page 41 - ENA
P. 41
Captive overview
LockSHIP highlights
MIX OF INDUSTRIES:
NUMBER OF COVERED MANUFACTURING = 33% AVERAGE EMPLOYER SIZE:
YEAR LAUNCHED: 2017 EMPLOYEES: HEALTHCARE = 45% 140 EMPLOYEES
1,263
PROFESSIONAL SERVICES = 22%
AVERAGE STOP LOSS INCREASE*: +4.88%
CURRENT ADMINISTRATORS: (PRIOR TO PLAN CHANGES).
STOP LOSS CONTRACT:
AVERAGE SPECIFIC BLUE KC, MERITAIN, IPMG, LOCKTON’S AVERAGE +14% (PRIOR TO PLAN
DEDUCTIBLE: $83,889 NO NEW LASERS AND RATE BENEFIT MANAGEMENT CHANGES)
CAPS
AND UHC INDUSTRY MARKET
AVERAGE 19%
*-7.21% after plan changes for 2020. Prior to Plan changes = +15%. Lockton’s average book of business increase for 2020 with plan changes= 8%.
FULLY INSURED VS. CAPTIVE TRENDLINE SCENARIO WHERE DOES THE MONEY GO?
Chart Title
120.0%
ILLUSTRATIVE PROJECTED PLAN COSTS
2021 $2,196,150
$1,966,194 100.0%
2020 $1,996,500
$1,837,565 80.0%
Axis Title 2019 $1,717,350 60.0%
$1,815,000
2018 $1,650,000 40.0%
$1,605,000
2017 $1,500,000 20.0%
$1,500,000
$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000
Fully insured renewals LockSHIP 0.0%
Breakdown of Costs
Claims Admin costs Carrier stop-loss costs Captive funding
ENA — Lockton Employee Beneits Practice overview 41 Lockton Companies
LockSHIP highlights
MIX OF INDUSTRIES:
NUMBER OF COVERED MANUFACTURING = 33% AVERAGE EMPLOYER SIZE:
YEAR LAUNCHED: 2017 EMPLOYEES: HEALTHCARE = 45% 140 EMPLOYEES
1,263
PROFESSIONAL SERVICES = 22%
AVERAGE STOP LOSS INCREASE*: +4.88%
CURRENT ADMINISTRATORS: (PRIOR TO PLAN CHANGES).
STOP LOSS CONTRACT:
AVERAGE SPECIFIC BLUE KC, MERITAIN, IPMG, LOCKTON’S AVERAGE +14% (PRIOR TO PLAN
DEDUCTIBLE: $83,889 NO NEW LASERS AND RATE BENEFIT MANAGEMENT CHANGES)
CAPS
AND UHC INDUSTRY MARKET
AVERAGE 19%
*-7.21% after plan changes for 2020. Prior to Plan changes = +15%. Lockton’s average book of business increase for 2020 with plan changes= 8%.
FULLY INSURED VS. CAPTIVE TRENDLINE SCENARIO WHERE DOES THE MONEY GO?
Chart Title
120.0%
ILLUSTRATIVE PROJECTED PLAN COSTS
2021 $2,196,150
$1,966,194 100.0%
2020 $1,996,500
$1,837,565 80.0%
Axis Title 2019 $1,717,350 60.0%
$1,815,000
2018 $1,650,000 40.0%
$1,605,000
2017 $1,500,000 20.0%
$1,500,000
$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000
Fully insured renewals LockSHIP 0.0%
Breakdown of Costs
Claims Admin costs Carrier stop-loss costs Captive funding
ENA — Lockton Employee Beneits Practice overview 41 Lockton Companies
