Employee Health Insurance Trusts have become increasingly attractive to multi-national employers wishing to provide consistent health benefits to their employees working in various locations around the globe.
 

In addition to rewarding key employees, this method of providing benefits enables employers to establish an insurance policy to be held in trust for the purpose of facilitating premium payments to the insurance carrier via the trust to provide heath insurance coverage for their global employees.

Trustee services include:

• Safekeeping of all assets in custody
  
• Assistance with Trust structure, Plan design, implementation and documentation
  
• Account valuations and statements to employers
  
• Ongoing communication and annual meetings with Plan sponsors
  
• Timely processing of payments to insurance carrier

Benefits:

• Trust assets are free from Bermuda taxation, including capital gains. Plan members do not suffer tax charges other than those that may be applicable in the jurisdiction at the time of receiving payment.
  
• The assets of a Health Insurance Trust are held under trust outside the legal jurisdiction and control of the employing company and so are secure and unaffected by the long-term financial circumstances of the company.  Trust business in Bermuda is regulated by the Bermuda Monetary Authority.
  
• Our experienced team of professionally qualified employee benefits specialists ensures that members’ benefits are well secured and administered.
  Fees are determined in accordance with requested services and will be provided upon request.