Competitive Advantages

IGHCP's competitive advantages include:

  • Each entity is individually underwritten to continually attract new groups
  • Discounted insurance premium due to pooled group size
  • Funded so employers can closely match existing benefit design (union agreements)
  • No state or federal taxing, profit, or mandate costs on the portion that is self-funded
  • The impact of renewal is diminished due to shared funding structure
  • Dollars that are not spent within the shared funding account are retained by each individual entity
  • Pooled risk for purposes of renewal
  • Renewals are calculated based on claims usage of entire trust
  • Protection from bad claims years because of shared risk