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Have you considered Self-Funding Medical Insurance?

Posted on by bmaadmin

bar charts comparing Self-insured VS fully insured

Have you considered Self-Funding Medical Insurance?

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!

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