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With Split Solution, You're Not Too Small To Self-Fund

09/03/13

  10:43:58 am, by MedBen5   , 239 words,  
Categories: News, Health Plan Management

With Split Solution, You're Not Too Small To Self-Fund

Split Road Sign

The 2013 Employer Benefits Survey released last month by the Kaiser Family Foundation shows that the popularity of self-funding continues to grow steadily. According to Passion for Subro, 61% of covered workers are in a self-funded plan – up slightly from 60% in 2012 and 59% in 2010. In the past decade, self-funding has seen an upward trend, rising over 10% since 2000.

One interesting, if not wholly unexpected finding, was the difference in coverage levels between large employers (200 or more workers) and smaller ones (3-199 workers): 83% of covered workers in the former groups are in a self-funded plan compared to just 16% in the latter.

Why the disparity? Many smaller firms believe they lack the resources to adequately cover their employees. But at MedBen, our experience tells a different story.

MedBen has provided self-funded administration for over two decades, saving money for groups both large and small in the process. And now, MedBen Split Solution is available as a true self-funded product for groups with as few as 20 employees.

If you work hard to contain your health care costs, “making the Split” is ideal for your group. You benefit from potential claims savings while still getting protection you from high claims activity. And you maintain plan design flexibility!

You are not too small to self-fund. To learn how Split Solution enables you to share in the savings that come from reduced employee claims, contact Brian Fargus, MedBen Vice President of Sales & Marketing, at bfargus@medben.com.

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