Cell Captives

Cell Captives: The Basics

Over the past several decades, cell captives have exploded in popularity, becoming a notable novelty in the insurance world. Though some remain wary of cell captives, their simplicity makes them appealing to those looking for alternatives to other types of captives.

What Is a Cell Captive?

A cell captive, or core cell insurance company, is an entity that consists of a system of cells which contain independent assets and liabilities. These cells are legally separated from one another and therefore must be individually accounted for in any books or records.

Cell captives are more flexible than their pure captive relatives, but their essential purpose is the same: allow external organizations to access your captives — for a small fee — even when they do not have captives of their own.

Why Choose a Cell Captive?

The greatest advantage to using cell captives is that, due to their independence from one another, they are generally less risky than pure captives. Other potential benefits include tax savings opportunities, owner payouts, and lower premiums.

The flexible nature of cell captives sets them apart from other types of captives and ensures that they will endure the test of time. As the possibilities expand, consider doing additional research into cell captives and their capabilities to see which kind best suits you and your company.

Medicare Advantage

The Benefits of Non-skilled Home Care with Medicare Advantage

As of 2019, Medicare Advantage plan insurers have been able to include a greater scope of benefits to help seniors who need care in their homes. This important benefit can help you or a senior loved one maintain independence while living alone and enjoy a greater quality of life.

Features of Care

Medicare Advantage non-skilled homecare can include several types of basic services that don’t require advanced medical training or expertise. For example, nonskilled home care can include help with activities such as meal preparation, housekeeping, and shopping. In contrast to other types of homecare covered by insurance, this type of care does not need to be prescribed by a primary care physician or specialist, but it must be recommended by a care provider and be “medically appropriate.”

Advantages of In-Home Care

Continuity in care with basic daily activities can help seniors adhere to a routine that is manageable, affordable, and fosters both physical and mental well-being. One of the primary objectives of home care is to improve regular health in order to diminish the utilization of emergency medical treatment and offset the need for more intensive care.

Non-skilled homecare can serve as an integral part of a support network. Ultimately, establishing a relationship with an excellent home care provider could make a significant difference in someone’s life.

Workers' Comp Insurance

Using an X-Mod for Your Workers’ Comp Insurance

There are a ton of expenses involved in running a business. Your insurance premiums, for example, are a huge cost associated with your company. Though the expense might be significant, having a suitable plan for Workers’ Compensation in place is crucial. One of the best ways to take control of your experience with insurance is by working with a provider that will help you use your experience modification factor. Also known as an X-mod, this is a way of getting the most out of your plan.

How to Manage an X-Mod Factor

Managing your X-mod is not complicated with a bit of assistance. Your X-mod directly impacts your premiums, specifically your Workers’ Compensation expenses. Expressed as a percentage, the number associated with your business will be unique and determines an indication of the overall safety of your company. The lower the risk, the easier it is to obtain premiums that work in favor of your business. The number will be determined by an organization specific to your state. In California, for example, the Workers’ Compensation Insurance Rating Bureau handles the percentage. Benefits of using an X-mod to determine your rate include:

  • Lowered premiums for Workers’ Compensation packages
  • More control over your plan
  • Reduced costs with many insurance options

Discover the Most Sensible Package

When it comes to properly insuring your business, there are several routes you can take. As long as you know all of your options and how factors like an X-mod can shape your journey, you will be ready to make the best decisions for your future.

Workers' Comp Insurance

Why Workers Comp is Necessary for Your Business

Most businesses know that having workers’ comp insurance is necessary in case an employee hurts themselves or encounters an accident on the job. One part of workers’ comp is claims management. Here is a closer look at why having it is so important.

Helping You to Manage the Process

According to Caitlin Morgan, having workers’ comp that can manage your claims can help in various ways. It can ensure that the process is being managed in a timely manner while freeing up your time so you can focus on your company. The process often includes factors such as loss prevention and excess placement to help make your life easier.

Working With You to Track Future Issues

You might have questions on how a certain number of claims in a set amount of time can affect your business. By partnering with an insurance company that handles claims management, you can get the answers to your questions and find out how this could affect your company in the long run.

There are many benefits to having a workers’ comp plan that can also manage claims for you in the process. This can save you time, so you can focus on running your business while giving you the support you need when questions come up.