Take control of your employer health benefits.
That’s the promise behind the PreferredOne Plan. Let us show you how we manage the cost of the employee health benefits while providing the best in customer care and service.
Self Insurance is Gaining Popularity
The Affordable Care Act places additional pressures on managing the cost of fully-insured plans.
Additional taxes, fees and assessments along with benefit mandates create an environment that encourages the transition to self insurance.
Self funding, once the exclusivity of sprawling multi-nationals, is becoming more and more common.
In fact, smaller companies are seeking self insurance as a solution to escalating health care benefit cost.
Where do savings come from?
Traditional fully-insured health benefit programs incur a number of expenses that add to your cost and budget. Our experience with administering plans help us locate areas we can:
- Eliminate fully-insured taxes and assessments
- Eliminate the current fully-insured taxes and assessments of 3-6% of premium and avoid the Health Reform Insurance Industry Tax
- Avoid additional cost
- Fully-insured plans typically charge risk and contingency fees of approximately 2-4%
- Administrative and network management fees are generally higher under fully-insured plans, typically 2-4%
- Improve cash flow
- Self-funded health care plans have better cash flow as the company holds and invests reserves 0.5-2%
Why PreferredOne Self Insurance?
- Modest Administration Fees
- Administrative and Benefit Design Flexibility
- Multiple Stop-Loss Carriers, Including A+ A.M. Best Rated
- Expect Transparent Financials and Clear Communication
- Competitive Network Discounts and Flexible Provider Access
- Uncompromising Service
Now small and medium sized employers have have another option in employee health benefits. Companies with over 25 employees can consider self insurance without the risk. Learn More.
For details or a proposal, contact your broker or