Are Benefits Captives The Answer?

After looking to the traditional market, buyers of employee benefits sometimes find that the coverage sought is unavailable, too costly, or doesn’t fit within the employer’s benefits package, said Kathleen M. Nilles, an attorney with Gardner, Carton & Douglas in Washington, D.C.

“So it’s within that context that we see employers looking at the possibilities of self-financing their employee benefits through the use of an insurance captive,” she said. “The biggest challenge is getting approval from the U.S. Department of Labor in a timely manner.”

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