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Self-Funding: Savings, Flexibility, Regulatory Freedom

08/10/18

  01:42:00 pm, by MedBen5   , 235 words,  
Categories: Cost savings, Third party administration, Compliance, Self-funding, Regulatory

Self-Funding: Savings, Flexibility, Regulatory Freedom

MedBen building

There are plenty of benefits for employers who make the switch from fully-insured health care coverage to self-funding – and we’d be happy to share them all with you anytime – but perhaps the best reasons can be summed up quite simply: Savings, Flexibility and Regulatory Freedom.

Savings. Self-funded employers pay only for their actual health care expenses. It’s not uncommon for self-funded groups to realize savings of 10% or more annually over fully-insured coverage… and with MedBen’s proven cost containment solutions, employers can save even more.

Flexibility. Self-funded employers choose the health care plan options that work best for their employees. MedBen helps employers to make the most of this flexibility, using our benefits management expertise to assist in plan design that promotes cost-effective care.

Regulatory Freedom. Self-funding offers a greater degree of independence from state and federal regulations. And because every business is different, our expert Compliance Department works with clients one-on-one to ensure specific regulatory issues are being addressed.

Once your plan is in place, MedBen offers a variety of administrative features to help you take full advantage of self-funding, such as claim surveillance that ensures every claim is processed in accordance with your coverage, and actionable reports you can use to make informed plan decisions.

If your company is ready to benefit from self-funding, then make the switch with MedBen. Contact Vice President of Sales & Marketing Brian Fargus at bfargus@medben.com for more information.

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