Focus Health Care & Wellness piece on the creation of Maine\u27s first captive in

Focus Health Care & Wellness piece on the creation of Maine\u27s first captive insurance company that provides health insurance. Chartered by the Maine Wellness Association and used by Portland-based beta-client Hutchins Trucking and Atlantic-Great Dane, this captive insurance company provides service to a group of members and is not open to the general public. Used in the past for self-insured workers\u27 compensation plans, captive insurance was not an option in Maine for heath care until LD 1333, a broad health reform bill, was passed in May. State insurance superindendent Eric Cioppa warns businesses interested in opting for captive insurance to be cautious about the risks involved with joint and several liability but Joseph Edwards, head of the Maine Wellness Association, believes companies who adopt captive insurance will eventually see cost savings and can benefit from making wellness a priority for their employees