Captive Health Insurance CEO says company 'one of the only' offering organ transplant coverage

As the number of organ transplants increases, Everlong Captive Health Insurance is offering cover for their customers for these procedures, which is rare in the health captive industry, said Doug Truax, founder and CEO of Everlong.

"When it comes to organ transplant coverage there's only three different categories for captive managers: those that hope, those that believe, and those that know," Truax said.  "More than 3,500 organ transplants occurred in the year 2021. With this statistic, there is a call for concern for one of your employees possibly needing an organ transplant which is why  Everlong is one of the only Health Captives to allow all captive members organ transplant coverage."

Every other group health captive is more or less hoping that their employees will not need an organ transplant coverage and if one is incurred, they'll subsidize the cost across the group which isn't good," Truax said.

This is what prompted Everlong to allow organ transplant coverage to all members.

Craig Stubler an Everlong broker featured on the company's podcast said " When I first talked with Everlong, you said 'Everyone must have organ transplant coverage' and I thought, well that's a brilliant idea, everyone should have the same protection. Otherwise, how can a group captive really run the way you want it to when some are protected and some aren't". 

Everlong is searching for security for their captive owners which is why insuring organ transplant coverage is so critical when so many other captive agencies aren't.

"Every 200-member group captive over a five-year span has a 58% chance of one of their employees needing an organ transplant," Truax said. 

This was very alarming to Truax and he compared his mandatory organ transplant coverage to a life jacket. A majority of group health captives are choosing not to have a life jacket for their captive owners, he said.