Trusted Employee Benefits Expertise

Evans National is committed to delivering a tailored employee benefits strategy aligned to your business goals. We design solutions that drive growth and help you cultivate a thriving, motivated workforce.

Businesses Evolve. Solutions Should Too.

As your business evolves, unique challenges and opportunities arise. We ensure your employee benefits strategy adapts by providing strategic solutions at every stage. As a client, you gain access to our trusted carrier partners and national network of employee benefit specialists, ensuring comprehensive services and support throughout your journey.

Strategic Solutions to Benefit All

Our strategic benefits solutions thoughtfully align with your organizational goals and include top-tier health insurance and other essential benefits. Our goal is to help you attract and retain top talent while maintaining financial stability.

As a client, you gain a partner dedicated to improving productivity, enhancing employee satisfaction, ensuring compliance, and reducing healthcare costs—all without breaking the bank.

Constant Challenges Require Innovation, Agility, & Flexibility

As an independent broker with a national network of employee benefits specialists, we provide unmatched flexibility and agility that result in innovative solutions tailored to your business goals and workforce needs. Our expertise enables us to directly address employee benefits program challenges like the ones below.

We’re Working Hard For our Clients

Values That Drive Us

A Service Mindset and an Eye to the Future

Our firm is people-centric, agile, and passionate about supporting our clients at every stage of growth.

Our Values

  1. Steadfast Commitment: We pledge tenacious service to clients by approaching every challenge with a solutions-oriented mindset.
  2. Pioneering Innovation: Our insurance brokers leverage a dynamic toolkit to strategically design customized solutions that meet each client’s evolving needs.
  3. Collaborative Transparency: We foster open and honest communication to ensure both clients and partners are fully informed and engaged throughout the process.
  4. Relentless Pursuit of Excellence: We continuously refine our expertise and knowledge base to provide clients with the most up-to-date solutions and timely guidance.
  5. Long-Term Partnership: Our team forges enduring relationships beyond a transactional environment. We guide and advise clients in a true partnership toward sustained growth.

Our Insights

Stay Ahead with Industry Insights

At Evans National, we believe that knowledge is power. Our commitment to keeping you informed about the latest group health insurance trends, regulatory updates, innovations, and best practices in employee benefits ensures that you remain at the forefront of the industry. Our expert insights help you make informed decisions that drive your business forward.

Formerly BleuChip Solutions, Evans National Kicks Off Next Era of Growth With New Name and Seasoned Executive at the Helm

OKLAHOMA CITY, OK, June 2, 2022—BleuChip Solutions has entered its next era of growth with a strategic rebrand and new Chief Executive Officer, the insurance agency announced on Thursday. These two milestones position the company, now Evans National, to continue providing best-in-class insurance solutions amid an increasingly dynamic business landscape.

Evans National, formerly BleuChip Solutions, has named seasoned executive Jon Evans as its CEO. The skilled leader brings more than three decades of senior financial and operations management experience to the Evans National team.

Before joining Evans National, the executive held Chief Operating Officer roles at numerous growing organizations, including Chickasaw Nation Industries-Commercial and, most recently, Paycom.

“I’m thrilled to take the helm at Evans National, a world-class agency committed to helping businesses navigate the future with innovative insurance solutions,” Evans said. “Our new name embodies that commitment and reaffirms that we are equipped to serve U.S. businesses from coast to coast and every city in between.”

Evans National helps organizations use the latest and greatest insurance solutions to achieve their most critical goals. Headquartered in Oklahoma, the agency offers a full suite of employee benefits, property and casualty, and retirement solutions.

For more information about Evans National, visit evansnationalgroup.com or email [email protected].

About Evans National
Formerly BleuChip Solutions, Evans National is the insurance brokerage for world-class growing businesses. Every day, leading organizations trust Evans National’s experts to provide customized solutions that help them succeed now and continue thriving tomorrow. The company serves a growing nationwide clientele from its headquarters in Oklahoma City, OK.

Employer healthcare costs are expected to increase by 5% in 2022. For companies across the U.S., this is an unfortunate (and all too familiar) narrative—one that’s even more challenging amid the Great Resignation. Simply put, high-quality benefits have never been more critical to recruiting and retaining talent, yet those benefits are coming at an exceedingly high dollar figure.

For years, businesses had two choices: Either accept the price hikes or switch providers. But as the insurance landscape evolves, innovative tools are putting the power back into the hands of employers. One strategy gaining traction is the group health captive.

What is a medical captive, and is your company a good fit for this modern, small-business friendly take on the self-funded plan? Keep reading for your quick guide on the health insurance captives landscape as we enter 2022.

What is a medical captive?

Large organizations have long used self-funded insurance to reduce costs, gain flexibility and increase their access to employee healthcare data. Yet self-funded plans have largely been out of reach for small and medium-sized businesses that can’t afford to shoulder costly medical services. In the Kaiser Family Foundation’s 2020 Employer Health Benefits survey, for example, 84% of large-firm employees were in a self-funded plan, compared with just 23% of workers at small companies. With the rise of group captives, many perks associated with self-funded plans are becoming accessible to small- and medium-sized employers.

An alternative to fully insured health plans, a captive is an independent insurance company created specifically to provide insurance to the parent company or companies. (At least one of those owners must be a non-insurance company.) As the National Association Of Insurance Commissioners puts it, “Captives are essentially a form of self-insurance whereby the insurer is owned wholly by the insured.”

Group medical captives are similar. However, instead of having a single owner, the captive is owned by multiple companies. By banding together, those businesses can share expenses and risk—potentially minimizing healthcare market volatility for every member in the group.

How do group medical captives work?

Medical captive programs typically include three components:

  • Self-funded claims: Instead of paying a fixed premium to an insurance carrier, each employee will self-insure a designated amount of claims per member, per policy period. As an employer, you only pay the amount your employees spend.
  • Shared risk: Each employer contributes a premium to the captive pool, which covers claims between the employer deductible and a certain upper-limit amount that’s typically around $500,000. Each employer’s demographics and risk profile help determine the premium. At the end of each year, unused premium funds are returned to the employers.
  • Transferred risk: For any claims above the plan’s retained claims, a stop-loss policy goes into effect. In the event of a catastrophe, risk is spread across all group members, preventing participants from unpredictable and sizable losses.

If you’re interested in exploring group medical captive insurance, contact our advisors. We can help you determine if this tool is a good fit for your business—and help you navigate the entire process.

What are the benefits of health insurance captives?

Companies typically create group health captives to control their costs and minimize the risk involved with traditional self-funded plans. This tool isn’t a fit for every business. However, with the right strategy, group health captives can deliver measurable value.

  • Costs: For a single employee, premium costs have increased 55% since the early 2000s. Salaries only increased 26% in that same period. With a group captive strategy, there are no “surprise” costs in an employer’s health insurance budget. Employers also retain funds year over year. When claims are lower than anticipated, a significant portion of the benefit cost savings goes back into your business—enhancing your cash flow and your bottom line.
  • Transparency: The best health and wellness strategies are driven by data. With full visibility into your workforce’s healthcare data, you can determine the true drives of your healthcare costs—and implement strategies that bring out the best in your organization.
  • Control: You determine what your plan covers and can tailor coverage to your workforce’s unique health needs and demographics. With a group health captive, you also choose the networks, pharmacy options, claims management and other critical aspects of your plan.
  • Shared Risk: Unlike self-funded plans, group captives allow small and medium-sized businesses to share risk with like-minded companies.

Are group captives right for your business?

Like any employee benefits strategy, a group captive plan requires a customized approach—and what’s right for one business might not be for another. Let our experts clear the confusion and help you make a well-informed decision.

If your company has at least 40 employees and would like to explore this innovative strategy, contact Evans National’s experts. We’re here to help you navigate group captives and other insurance tools that prepare your workforce for tomorrow, today.