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
UPCOMING WEBINARS “Healthcare isn’t built for construction - let’s fix that”:
Healthcare costs continue to rise at an unsustainable pace, but construction companies already understand the principles needed to control costs—they use them every day in purchasing, vendor management, and project planning. This webinar explores how those same business disciplines can be applied to healthcare through the Construction Healthcare Alliance.
During this session, you'll learn how ABC member companies are leveraging a captive healthcare strategy to gain greater control over their healthcare spending, improve transparency, and create long-term financial stability. We'll discuss how cash-based provider pricing, patient navigation, prescription cost management, claims analytics, and shared purchasing power work together to reduce costs while maintaining quality care for employees.
Whether you're frustrated by annual double-digit renewals or simply looking for a smarter long-term healthcare strategy, this webinar will provide practical insights into an alternative approach built specifically for the construction industry.
“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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