Medical Plans
- Self Funded Healthcare Plans
- Traditional Healthcare Plans
- Non Traditional Options/ Coop
SELF FUNDED HEALTHCARE PLANS
Did you know that as a small business or sole proprietor you could have access to your own personalized self-funded medical plan?
What is a self-funded medial plan?
Here is a quick snap shot….
With a self- funded plan, the small business has greater flexibility to customize their healthcare plan. YOU can design the coverage you want rather than just picking from one or two prepared plans that the carrier offers.
Additionally, the self-funded plan will break down your monthly premium into 3 elements, or “buckets”:
- the cost for benefits administration
- the cost for stop loss/ major medical coverage
3- the amount to be set aside to cover your anticipated annual medical claims up to a determined maximum.
At year end, if the amount projected for claims in your group were less than the amount set aside in your 3rd “bucket”, then you get those funds back!
Our Services
HR/ Payroll/ Employee Benefits Solutions
Our most specialized and tailored services specific to your business needs. We will reduce risk and administrative burden while maximizing your employee benefits package and reduce plan costs wherever possible.
Affordable Healthcare Plan Options
With a self- funded plan, the small business has greater flexibility to customize their healthcare plan. You can design the coverage you want rather than just picking from one or two prepared plans that the carrier offers.
Cyber Liability / Cyber Crime Protection
We will review your current plan for adequacy relative to operations and then provide the cyber security, insurance and education necessary to mitigate potential risk and exposure to threats.
Tools for Public Sector and Non Profit
One tool available to the public entities and non profits we work with is called a MRA (Medical Reimbursement Account). These are IRS-approved plans wherein an employer reimburses an employee, their spouses, and dependents for medical expenses.