CONTROL COSTS

Funding Options to Keep Healthcare Costs Under Control

Healthcare costs continue to be the single greatest expense for employers today. To combat these cost increases we analyze alternate funding methods and have established several different funding options including

Funding Options:

  • Collective
    • Lower administrative fees with a Third Party Administrator (TPA)
    • Flexibility of plan design and cost containment options
    • Protection from unexpected large claims with specific and aggregate insurance
  • Self Funding
    • Protection from unexpected large claims with specific and aggregate insurance
    • Lower administrative fees with a Third Party Administrator (TPA)
    • Detailed utilization reporting
    • If claims are lower than expected, you participate in the surplus
  • Group Captive - All the advantages of Self Funding, PLUS
    • A Captive model allowing small and medium employers to pool resources, decrease cost, and long-term volatility
    • Flexibility of plan design (HRA, HSA, Copay), and the provider network can be whatever you want.
  • Pharmacy Benefit Management (see video)
    • Cost - specialty drug spend is an increasingly bigger part of spend
    • Quality - access to drugs
    • Complexity - many component parts, little transparency
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