9 Reasons Employers Should Be Talking About Self-funded Health Plans

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Information about 9 Reasons Employers Should Be Talking About Self-funded Health Plans
Business

Published on October 22, 2014

Author: JimCampbell9

Source: slideshare.net

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Axim Global Strategies Group, LLC is so focused on meeting your needs that we tie part of our fees to your results. We are that confident in our professionals’ knowledge of broad employee benefits and human capital with industry-specific customization will meet the needs of you and your business.

Four more reasons to work with us:

1. We base our recommendations solely on what each client needs to achieve their goals and objectives.
2. We leverage four key elements—wellness, services, planning and strategy, and technology—to provide clients with the right solutions.
3. Our capabilities are global. No matter where our clients currently operate or where they are expanding, we can meet your needs and requirements.
4. We are a service company. Our goal is always complete client satisfaction.

16 S. Summit Ave, Ste. 220
Gaithersburg, MD 20877
(240) 720-0314

www.aximsg.com - Employee Benefits and Insurance
www.aximfsg.com - Fringe Benefits and Compliance for Government Contractors
www.bwellamerica.com - The Employee Wellness Solution for Forward-Thinking Organizations

1. In today's business climate, managers need benefits solutions as resourceful and cutting—edge as the organizations they run. For many employers, pre- packaged full insurance health plans do not provide the greatest value to meet their organizations’ needs. ADVAIITAGES OF SELF-FUIIDIIIG Employers can choose what benefits they want to offer, while opting to insure individual benefits through traditional means or forgo offering them altogether. Flexibility in plan designs, administration and offered services. Avoid taxes / fees mandated by the Affordable Care Act that could add 1 -3% to premium costs. Improved cash No member-| evel . T . flow. Se| f- rating in which c‘ insured employees and their ‘ savin ‘ employers do not dependents are ofthe premiufi have to prepay charged based on dd| |a: i;‘v~‘a| —d: -e): - for coverage. their ages. ' COUIPI-ETE FREEDOM 'l'O STRUCTURE BElIEI’l'I"S BASED OII EOIIIPAIIY IIEEDS The following benefits may be self—insured: 0 Medical 0 Dental 0 Workers' Compensation 0 Prescription drugs 0 Vision According to the Kaiser Family Foundation, self- funded health plans have Eml-’l°Y°"5 can al5° been increasing for all sizes make the fi"3l Ca" °" of employer groups since lmP°"? ”t Variablesv 1 999" Companies with such as. 5,000+ employees . Er -b-r have moved to self- . E, ':§j'u; ;:gS fgusnged plfans thzgigcgst . Cos. t_5h. ar; .ng ' “P "°"" - 0 Policy limits Smaller companies (up to . Remee benefits 199 workers) also increased self-funded plans to ~1 8% from ~‘l 6%. ° http: //| d'f. org/ report-section/201 3-summary-of-findings/ AXIIII GI. OBAI. STRATEGIES GROUP. ll-C www. aximsg. com 240-720-0314 Planning Strategy Wellness Technology

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