October 15, 2021 – Hamilton Square, New Jersey – Berkley Accident and Health, a Berkley Company, is proud to announce Cost Plus Advisors as the winner of our 2021 Berkley Edge Excellence in Health Risk Management award. The Excellence in Health Risk Management award recognizes a stop loss group captive program that has demonstrated strong health risk management strategies and best practices over the past year. This award was announced at this year’s Berkley Captive Symposium.

This year’s award was awarded to the Cost Plus Advisors program for its dedication to the continual improvement of its health risk strategy. As part of Cost Plus Advisors’ ongoing health risk strategy, all employers in the program use the Cost Plus Model three-prong Rx program, which features a specialty Rx solution that resulted in close to 70% savings on specialty Rx. In addition, employers use an innovative reference-based pricing strategy, and many have introduced Studio Sweat, an on-demand workout tool for employees. These forward-thinking strategies have resulted in lower overall costs, which can benefit the employers, employees, and the entire captive program. 

“No one solution is a silver bullet. When you put the right risk management pieces together with a group captive program, the results are really, really powerful,” said Bob Duch, Principal and Co-Founder of Cost Plus Advisors, a OneDigital company. “The whole program is truly greater than the sum of its parts. We’re constantly looking at our strategy and evaluating new solutions to make our program better. And our members are doing the same thing – always looking at their health expenses and plowing the savings back into improving the health benefits for their employees. Our members have seen lower claim costs. The captive program is the icing on the cake, because it enables what we do on the claim side to reduce the fixed cost side. It truly is a 1+1=3 scenario.”

About Berkley Accident and Health

Berkley Accident and Health is a member of W. R. Berkley Corporation, a Fortune 500 company. Berkley Accident and Health provides an innovative portfolio of accident and health insurance products. It offers four categories of products: Employer Stop Loss, Group Captive, Managed Care (including HMO Reinsurance and Provider Excess), and Specialty Accident. The company underwrites Stop Loss coverage through Berkley Life and Health Insurance Company, rated A+ (Superior) by A.M. Best. For more information, please visit BerkleyAH.com.

Berkley Accident and Health

2445 Kuser Road, Suite 201

Hamilton Square, NJ  08690

(609) 584-6990

www.BerkleyAH.com