Introduction

The International Medical Fund Trust was established in 2000 and as a more viable alternative to traditional commercial insured or self insured captive insurance facilitated employee and group benefit schemes for domestic and international markets offshore. The International Medical Fund Trust is a specialised offshore facility through which trust facilitated employee and group benefits programs can be facilitated.

There are numerous benefits and advantages of using the International Medical Fund Trust to facilitate your employee or group benefits scheme. Some of the key benefits include the ability to eliminate of unnecessary layers of complexity and costs that would otherwise be incurred with a commercial insurer or self insured captive schemes.

Using the International Medical Fund Trust as an alternative through which to facilitate your employee or group benefits scheme also provides unmatched flexibility and freedom to deliver any combination of non-insurance and insurance benefits to any employee or group virtually anywhere in the world, at a fraction of the cost of traditional brokered insurance solution.

There also substantial tax advantages that would otherwise not be available through a traditional commercially insured or self insured captive.

Why Medical Trusts

In the UK and USA group health trusts have longed been viewed as more equitable alternatives to commercial and offshore captive international medical insurance schemes.

In the UK more than 10% of the workforce is now reportedly receive their medical coverage through corporate health trusts. Most of the major insurers such as Bupa and AXA PPP now offer employee health benefit trusts as an option to their corporate clients.

In the US major companies such as General Motors and the Ford have established health trusts to cover their retiree workforces. Municipalities, schools and other public sector employers in the US also cover their employees through health benefits trusts.

Trusts are becoming the preferred alternative because, they are:
The International Medical Fund Trust facilitated employee health/travel benefits program provides all of the above and being an offshore trust facility it is also tax advantaged.