This also assists in cost containment programs for your particular plan. Just as the design and implementation of your plan is personalized, so too, is the service. We know the plan, covered employees and the medical providers up-close and first hand. Thus we can often save client plans significant amounts of money. Most importantly, we are accessible when you have a question or need help.
Employers invest millions of dollars each year in insured employee benefit plans.
Effective cost containment programs are not always available. Insurance plans consume compensation dollars that may be better spent elsewhere to curb employee turnover and to attract qualified employees. In an effort to control rising costs, employers are examining ways to economize and improve cash flow without sacrificing coverage. Budget considerations, bargaining agreements, geography and plan design each have an effect on the way a health plan is funded. Until 1974, restrictive state laws that required employers to become licensed as insurers when funding their own employee benefit plan obstructed self-funded plans.