Overcoming Regulations with Feasible Solutions

The Challenge

A new city ordinance required businesses of their size to spend approximately $3.00 per hour per employee on benefits, but this employer had never provided health insurance benefits and wasn’t sure how to proceed. They turned to Excess Reinsurance for how to move forward.

The Solution

Excess Reinsurance helped the employer develop a manageable benefits plan that complied with the Affordable Care Act and the city’s minimum spend ordinance, even establishing an 831(b) captive program to enable the employer to take back some of the risk in a tax efficient manner.