Insight gets on the client’s side of the table and uses our expertise to put effective plans in place.
Every successful business knows that there are a variety of ways to effectively fund and capitalize a venture. However, when it comes to health care, most businesses are not fully aware of their financing options.
Self-insurance has proven to be a cost effective solution to finance health care benefits. A properly structured self-insured health plan may be the option for your company.
A self-insured health benefit plan can significantly reduce the costs associated with traditional group health insurance coverage.
Along with the benefit of lower monthly costs and certain tax breaks, self-insurance offers more control of your costs without sacrificing the quality of helath care coverage for your employees.
- Benefit Plan Design – Why are you offering the benefits you do? Is your benefit plan actually considered a benefit by your covered employees? Does your plan meet your exact needs, or is it an “off-the-shelf” program from a major insurance company?
- Risk Structure – Are you taking the proper amount of risk? Do you truly understand the risk you are taking? Is there a better way to structure your risk?
- Claims Administration – Are you getting the proper services and reporting you need? Do you know how to evaluate an administrator’s performance?
- Risk Structure – Are you taking the proper amount of risk? Do you truly understand the risk you are taking? Is there a better way to structure your risk?
- Utilization Management – Are your large claims really being managed? How?