Why self fund with a tpa?
Watch the 2 minute videos below to find out
Advantages you won't find in fully insured plans.
Discover the benefits of self-funding
The real value of self-funding lies in greater flexibility and the potential for savings – advantages you won’t find in a fully insured plan.
The time to give your healthcare plan a physical is now
Why Choose a TPA?
Unlike insurance companies, independent TPAs are entrepeneurial organizations that are nimble enough to take advantage of new opportunities.
Jill & Boris' Webinar goes here
Self-Funding Employee Benefits with HealthEdge Administrators
Recent webinar on the benefits of Self-funding and why HealthEdge is the best at what we do.
We manage a wide range of employee benefit plans for our diverse clients. Contact us today to find out how you can get the protection you need and the cost-savings you deserve.
As insurance premiums continue to rise, self-funding makes sense for more employers.
TWO-THIRDS OF ALL PRIVATE EMPLOYEE BENEFIT PLANS
ARE NOW SELF-FUNDED
Benefits of Ownership
SELF-FUNDED PLANS
PAY ONLY FOR SERVICES ACTUALLY USED
By unbundling your benefit dollars, self-funding allows for greater cost containment opportunities. This gives your organization customized benefit plans featuring the best options to meet the specific needs of your workforce.
Ensuring Your Protection
STOP-LOSS INSURANCE
Wellness exams and sprained ankles are one thing, but what happens when claims go beyond the routine? High dollar claims are covered by the purchase of stop-loss insurance. You can rest easy knowing that your employees, and your company, are protected.
A hedge against
RISING MEDICAL PREMIUMS
Insurance premiums have increased 61% in the past 10 years* and continued increases are almost assured. On the other hand, claim payments are based on preferred provider network fee schedules which historically experience fewer and less drastic increases.
TWO-THIRDS OF ALL PRIVATE EMPLOYEE BENEFIT PLANS ARE NOW SELF-FUNDED
Seventeen percent of covered workers at small firms, and 83% of covered workers
at large firms, are enrolled in plans that are either partially or completely self-funded.
Overall, 63% of covered workers are enrolled in a plan that is either partially or completely self-funded.
*Source: Kaiser/HRET Survey of Employer-Sponsored Health Benefits 2005-2015
Experience Protecting You
Cost Containment
Like purchasing a home, owning your benefit plans allows you to not only customize them to fit your needs, but to also build equity and enjoy the freedom that comes with ownership!
TRADITIONAL HEALTH INSURANCE premiums are paid whether or not the members enrolled on the plan actually use their benefits. If your employees skip their physical exam or dental cleanings this year - premiums must still be paid. In fact, Insurance companies are counting on your employees to not seek services because unused benefits equal profit to their bottom line! Like renting a house, premium dollars paid out will never be returned.
RISING MEDICAL PREMIUMS
Insurance premiums have increased 61% in the past 10 years* and continued increases are almost assured. On the other hand, claim payments are based on preferred provider network fee schedules which historically experience fewer and less drastic increases.
OUR SERVICES INCLUDE:
Plan Development
We work with employers and brokers to custom design medical, dental and vision benefit plans to fit your needs.
Enrollment Management
We offer support at your initial and annual open enrollment meetings.
Plan Administration
A dedicated Account Manager is assigned to each plan. Real customer service agents, based in California, answer the phone when members call with questions.
Brokers / Consultants
We work closely with your trusted advisors to provide a simple transition and seamless benefits for your members.
Data Analytics
Our complete reporting package keeps you informed of your plan’s performance. Your Account Manager will help to interpret the data to optimize your plan’s performance.
Vendor Coordination
We interface on your behalf with the vendors needed to make your plan run smoothly.