Health Share Plan for Business
Self-Funding for Business
Historically, many small employers have been forced to chose fully insured plans when providing health benefits to employees. Outside of shifting costs to employees, traditional plans provide limited opportunities to control premium. Employer self-funded plans have traditionally been available only to businesses with more than 200 employees. Now these plans are available to businesses with as few as 20 or less employees. Control and reduce healthcare expenses for long-term sustainability under a self-funded health insurance plan. Governed by federal law under the Employee Retirement Income Security Act (ERISA), self-funded plans allow employers greater latitude in designing coverage for less money and is ACA compatible.
•Save money - Self-funding is designed so that you only pay for the health care that your group actually uses. You keep the savings when medical claims for your group are less than the plan's per-determined amount.
•Limit Risk - Your business is protected by stop-loss insurance. If your group's medical claims are higher than expected, employer stop-loss insurance protection reimburses for covered expenses. Also, stop-loss insurance protection is medically underwritten at the time of enrollment so you know if a self-funded program is right for your group.
•Secure quality health benefits - Choose among comprehensive coverage customized options to provide an employee benefit plan that meets the needs of your group. In addition, you can set up easy wellness plans to cut medical costs from your risk-pool by reduced claims and receive a larger return to the business.
To see a savings comparison chart between a commericial and self-funded plan plus Direct Primary Care click here