Self-Funding Medical Benefits is More Popular than Ever

Risk is Easily Managed

 

With large health insurers warning that rate increases will be 20% to 30% in 2016, it’s time to look at cutting costs through self-funding your medical benefits.  More companies are using self-funded contracts than ever before.

Brief Overview of Why You Should Consider Self-funding:

• New contract designs have made self-funding feasible for companies with as few as 20 employees
• Companies with 50 to 500 employees should definitely be looking at self-funding
• Huge cash-flow advantages– why let the insurance company hold your money?
• Almost unlimited control over plan design
• Access medical claim administration that is accountable to YOU for every dollar
• Next level analysis of claims and trends drives cost-saving decisions
• Superior cost-control strategies create better outcomes and lower plan costs
• Flexible stop-loss insurance effectively controls down side risk
• Save 2 to 3% more by not paying premium tax
• Integrated HR/Benefits software platform available to qualified clients

With over 50 years of combined experience in benefits, we are experts in self-funding for companies with 20 to 500+ employees. Let Advanced Benefit Strategies show you how much your company can save.  Call or email us.

Gregg Kennerly, Principal

Certified Healthcare Reform Specialist