Self-Funded Group Health Insurance

Self-funding has typically only been an option for considerably large-sized employer groups. Not anymore.

With HSH Insurance’s level funding options, self-insured benefits are accessible to groups from 25 to 200 employees. You as the employer will gain the advantage of a potential claims reserve, without the risk involved in a fully self-insured plan. The basics? Level monthly payments, enhanced claims reporting, lower administrative costs, and the chance to reinvest plan profits into one of your biggest assets, your employees’ wellbeing.

With HSH Insurance’s level funding options, self-insured benefits are accessible to groups from 25 to 200 employees. You as the employer will gain the advantage of a potential claims reserve, without the risk involved in a fully self-insured plan. The basics? Level monthly payments, enhanced claims reporting, lower administrative costs and the chance to reinvest plan profits into one of your biggest assets, your employees’ wellbeing.

The Affordable Care Act health plans are not advantageous for every group. Insurance carriers in recent years have passed the high administrative and claims costs through to employers by raising premiums beyond affordability. The level-funding approach is a terrific fit for any group that is frustrated paying inflated premiums with no tangible reward for their group health plan’s profitability performance.

Just like fully-insured plans, employers set a monthly contribution and, regardless of claims, pay no more than that. Unlike fully-insured plans, at the end of the year, if your group has had a profitable, low-claims performance, you get to add the remaining claims reserve fund to your balance sheet. There’s no downside to be found.

Employers can be as hands-on or hands-off as they want. With level-funding, there is unparalleled customization and transparency behind the pricing of employers’ health plan offerings and their plan designs. The mechanics of the plans, including claims processing and administration, are entirely handled by a TPA, so that the employee experience is just like a fully-insured health insurance solution. Thinking that level-funding might be a fit for your business? Let us help guide you through it.