Captive Health Insurance CEO: 'Group health insurance is broken, so we’re fixing it'

Everlong Captive, Captive Health Insurance is reinventing how we go about insurance and providing benefits to the employer instead of the traditional health provider.

"Everlong is an exclusive, member-owned medical captive that enables employers to offer the same level of group health benefits at the lowest cost possible and improve the health of their employees," according to the company's website.

"Group health insurance is broken, so we're fixing it. Everlong is rethinking the way companies go about insurance and is creating a new and cost-efficient way of insuring your company without having to pay an extreme amount of cost for your insurance," a spokesperson from the company said. "If you're a small-business owner or broker looking to get rid of your insanely high insurance premiums, then Everlong is for you."

Members and their brokers gather twice a year for The Summit, a two-day event at a select location where they share experiences and explore the latest innovative practices and programs to improve employee health.

"Employers who are members of the Everlong Captive take the profits that health insurance carriers make and pay that money back to themselves with an innovative insurance and funding solution."

"The Captive is owned by its members and managed by Everlong. As owners, employers have greater control over how their health plans are funded and transparency into everything from their own claims' costs to captive operations."

To be considered for membership, employers must have 50 or more employees on their group health plan and be willing to utilize innovative solutions to control plan costs and improve employee health.