Employers Advantage...self-funding made easy!

Self funding is not a new concept to the health insurance industry; in fact thousands of employers across the country have used this approach for providing quality health coverage for the employees for more than 30 years. In recent years, employer groups have been re-visiting the concept of self-funded health plans to combat escalating premiums, eliminating mandated benefits and their associated costs, offer more competitive & flexible benefits to all their employees and improve overall cash flow.

With all of these positive features, why haven't more employers implemented self-funded health plans? The three primary reasons are lack of financial performance data from the current health plan, the concern of having to manage too many vendor relationships and the impact on internal staffing. The selection and implementation process can be overwhelming to the average Human Resource Manager or Broker as it requires the evaluation and selection a Third Party Administrator, Pharmacy Benefit Manager, Utilization Review and Case Management Company, Preferred Provider Organization, and reinsurance.

For these very reasons, we created Employers Advantage products. The Employers Advantage is a fully integrated approach to self funded and each of the vendors has been pre-contracted on behalf of the employer to simplify the selection and implementation process.

The industry already has a number of pre-packaged self-funded plans available through large national insurance companies. How is Employers Advantage different? Insurance companies that offer pre-packaged self funded plans have developed their products around organizations that they own. Each subordinate company is required to generate an investment return and roll up profits to their parent. In this environment, it is difficult for an employer to achieve the best possible pricing and performance outcomes. Additionally, these pre-packaged plans are not typically integrated. The employer, employee or healthcare provider must call a number of different offices depending on their specific question or concern. Employers Advantage contracted vendors based on an extensive a due diligence process that measured healthcare outcomes, and overall component costs. As a result, our fixed costs are typically 35% to 50% below the competition. The Employers Advantage product is also fully integrated. In other words, an employer, there employee or broker can make one phone call and have their concern or issued corrected.

The importance of education

The insurance industry is complex, at best, and our corporate philosophy includes educating and equipping brokers' and employers as to the mechanics of how self-funding works. Call us and we'd be happy to spend time with you and your broker discussing some of the concepts of self-funding. Truth be told, self-funding is an extremely solid solution when proper underwriting and plan administration is involved.

Expertise Makes the Difference

Our team of expert underwriters; have collected more than 90 years self-funding experience. We've evaluated, created, and helped maintained hundreds of self-funded health plans. Our expertise delivers some of the lowest costs available to the self-funded market.

Flexible Benefits with Ease and Simplicity! Tell me more.

If Employers Advantage sounds like a product that might offer your organization a quality alternative, then please contact our marketing department. If you'd rather have your broker/consultant's opinion, have them call us or send us your health plan information and we can discuss whether or not the product is viable option you should explore. We understand the importance of a good broker/consultant and value your relationship with them.

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