For employers, big or small, it is becoming more and more costly to provide health care to employees and their families. Self-funding is a great solution that can help your clients.
Here are a few of the things to consider when looking at self-funding.
- With Self-funding, employers fund for pre-determined claims, instead of paying the profit margin of an insurance company.
- Stop-loss insurance is used to cover any extra amounts that exceed their self funded plan so that you are prepared for any troublesome claims.
- By using a TPA, like BMA, the company can save on plan cost, because we use a predictive analysis for health and wellness to provide proper guidance.
Together, BMA can provide an administer self-funded plan to save your clients money. To learn more about how we can help you, contact us!