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Self-funding Allows Employers to Flex Cost Saving Muscles

12/29/16

  03:47:00 pm, by MedBen5   , 219 words,  
Categories: Wellness, Health Plan Management, Cost savings, Third party administration, Self-funding

Self-funding Allows Employers to Flex Cost Saving Muscles

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With health care spending expected to reach one-fifth of the U.S. gross domestic product by 2025, it's more important than ever for businesses to have a greater degree of cost control with their health plan. Toward that goal, MedBen continues to help employers make the switch to self-funded coverage.

Self-funding has a number of advantages (i.e., cost savings, regulatory freedom), but we'll single one out here: Flexibility. Specifically, the input the employer has in the creation of their health plan far exceeds that available in traditional insurance coverage. With MedBen’s expertise, employers can rest easy that their customized plan both meet their needs and will be regulatory compliant.

The flexibility doesn't end there. MedBen also offers stop-loss independence, which allows us to shop multiple carriers to find you the best rate. This applies to new groups as well as renewing clients.

MedBen’s risk reduction strategies have been proven to help clients keep their costs in check and beat national cost trends. Also, you can complement your benefits plan with our population health strategies like MedBen WellLiving, resulting in even greater client savings.

Self-funding opens employers to a variety of ways to keep their health care spending to a minimum. Discover how MedBen can help your bottom line by contacting MedBen Vice President of Sales & Marketing Brian Fargus at bfargus@medben.com.

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