Notable Benefits

SAVINGS: CT PRIME saves member towns and schools money and holds the promise of much more in the years to come.

• Members’ premiums for health benefit stop loss coverage have consistently been better than stop loss cost inflation.
• Premiums include extra funding to provide for future initiatives.
• The collective purchasing power of CT PRIME makes the other expenses – including program administration and future initiatives – lower than would be the case for any individual member, year-in-and-year-out.

STABILITY: CT PRIME’s structure allows for the pooling of risk and resources, to provide the budgetary stability that its member towns and schools value.

• CT PRIME is member-governed and advised by nationally-recognized industry experts.
• Its policies and procedures are designed around the philosophy of long-term stability in coverage and pricing.
• The CT Insurance Department regulates CT PRIME, to add an extra level of oversight.

SERVICE: CT PRIME’s legal and organizational structure is designed in anticipation of increasing opportunities for member collaboration to reduce risk and cost.

• Collaborating through CT PRIME, members analyze aggregate data and develop strategies to better manage health benefit claim costs.
• CT PRIME will consider adding new town and school members if they are a good fit with the group; it also considers additional coverages or services that benefit the members collectively.

• CT PRIME’s captive insurance company structure also can be used to allow other entities or groups to leverage its infrastructure through separate independent cells.