SELF-FUNDED COMPARISON

Phone 800.562.9383    Fax 916.921.3383

Integrity Administrators, Inc.

 

EXCELLENCE IN THIRD PARTY ADMINISTRATION

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With the rise in healthcare premiums, employers are turning away from traditional fully insured plans and becoming self-funded to save thousands $$ in premiums along with many other benefits.  

 

SELF-FUNDED MEANS LOWER COST EXPENSES

By funding claims directly, an employer avoids the costs of claim reserves, retention to cover the insurance company’s administrative costs, profit margin, risk charges, premium taxes, and a contingency margin, which are included in an insured premium on top of the costs of expected claims.  Today, these reserves and retention charges can range from 10% to 30%.

 

SELF-FUNDED MEANS INCREASED FINANCIAL CONTROL

Most employers with self-funded plans fund claims as they come due rather than funding them through advance premium payments, which means that you are investing your money instead of an insurance company.  We provide you with clear reports and documentation of how every dollar is spent.

 

SELF-FUNDED MEANS GREATER FLEXIBILITY

Self-funding allows employers to design a health benefit plan to address specific employee needs, as well as company objectives. Self-funded plans are very often exempt from state insurance laws that typically mandate certain benefits for insured plans.

 

SELF-FUNDED MEANS COST MANAGEMENT

Plan design flexibility and on-going analysis of plan expenses allow self-funded employers to make the plan design changes needed to manage costs.  Self-funded plan designs can include strategies to monitor utilization, steer care to discounted provider arrangements, and assure appropriateness of care, all of which encourage wellness and provide incentives for wise utilization of care.

 

SECURE 24/7 ACCESS TO PLAN INFORMATION

On our website, www.IntegrityAdmin.com, both our client employers and the enrolled members have access to their health plan information 24 hours a day, seven days a week.  On our website, employers can access confidential monthly reports,

and employees can access information on their eligibility, claims payments, and more.

 

Contact Integrity Administrators, Inc. for more information at 1.800.562.9383 or use the Contact Us tab.