The First National Construction Healthcare Captive: Exclusive to ABC Members
Businesses in the construction industry have long grappled with the challenge to access affordable and comprehensive healthcare for themselves and their employees. Rising healthcare costs, limited coverage options and the unique needs of construction professionals have created a significant gap in healthcare services within our industry. Recognizing this issue, we are excited to announce a solution: The Construction Healthcare Alliance. The ABC Insurance Trust has teamed up with industry leading innovators to create the first national healthcare captive designed specifically for ABC members, by ABC members.
Our mission is to combine the resources of qualified ABC members in drastically reducing the cost associated with their healthcare plans while investing in the improvement of the health and lives of their workers.
Benefits of the Construction Healthcare Alliance:
Cut 50-75% off high-cost claims by paying providers cash at time of service.
See exactly where your healthcare dollars go with real-time data.
Pool risk with other ABC contractors to stabilize renewals.
Share in surplus when claims are low - instead of funding carrier profits.
Give employees access to better care with $0 out-of-pocket on major services.
ABC MEMBERS ARE SAVING WITH THE CONSTRUCTION HEALTHCARE ALLIANCE:
CIVIL CONSTRUCTION COMPANY
HVAC COMPANY
86 Employees
170 Employees
Estimated Savings: $77k
Estimated Savings: $238k
Actual Savings: $105k
Actual Savings: $500k
“Joining the Construction Healthcare Alliance has been a game-changer for our company. As the first group to join the ABC captive group health plan (CHA) on Jan 1, 2024, we were naturally cautious. After the usual transition bumps, our experience has been nothing short of terrific. Our claim costs have been good and are running about a 50% loss ratio. We have been very satisfied with the customer service our employees are receiving on both the medical and prescription drug side .
While we did encounter some implementation bumps during the first 90 days, they were quickly resolved to our employee’s satisfaction. Transitioning to a Reference Based Pricing (RBP) model isn’t for the faint of heart, but it has been worth every bit of the effort. It’s crucial to stay the course and not give up when faced with initial challenges. I’m incredibly glad we stuck with it, and I would highly recommend others to do the same.
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