Self Funded Program

Employers nationwide have taken advantage of the savings potential and flexibility afforded when they fund their own employee benefit plan.  Simply stated, self-funding differs from fully-insured plans in that it is the employer’s money which is used to pay employee medical claims, not an insurance company’s. Therefore the employer benefits when funds set aside for claim payments remain in the employers claim fund. 

Through Total Plan Services “The Package” offers an employer a complete and comprehensive health program, and one which enables them to take control of the rising cost of healthcare. “The Package” offers a variety of employee health benefits which a medical plan may select from and custom tailor to meet the specific needs and budgets any organization with twenty-five lives or more.

ADVANTAGES OF Self-Funding:

• You have the flexibility to create your own plan design and address the specific needs of your health plan.
  
• You control the rising cost of healthcare through predictive modeling, medical management, and claim management reporting.
  
• You have the opportunity to avoid profit margins that are typically built into fully-insured plans.