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Innovator’s Wellness App Aims to Improve Employee Nutrition

SFS Tech Tactics: occasional articles focused on technology’s expanding role in cost-savings and improved health in customized self-funded health plans – Jason Langheier, a physician, knew that poor diet was a major problem in the U.S. But he also knew employers could be — and should be — be part of the solution…. That’s why he READ MORE>

House Passes Bill to Limit State Regulators’ Powers over Self-Insurance

U.S. Congress has voted for a bill that provides protection for small and medium sized firms that choose to self-insure. The Lower House passed the Self-Insurance Protection Act ... which sets legal limits to regulators’ jurisdiction over self-insurance health plans by setting unequivocal parameters to define medical stop loss policies and how they are different READ MORE>

FAQ Resource Published to Answer Common Questions about Self-Funding

SFS News Release: FAQ Resource Published to Answer Common Questions about Self-Funding – Adding to its collection of educational resources for consumers, the Self-Funding Success website recently developed an FAQ reference. This piece addresses questions on the basics of self-funded health plans, as well as many others related to costs, planning and implementation. READ FULL RELEASE

A Change for Small Biz Could Cost Some Employers their Custom Health Plans

Faced with rising premiums in the group health insurance market, the Park Slope Food Coop opted five years ago to create a custom plan for its 74 full-time employees and their family members and pay for the costs directly. "I'm convinced we would have had to raise prices if we weren't self-insured," said Joseph Holtz, READ MORE>

TPA Controls High Claimant Costs through Claims Management, Early Detection

A study shows that claimants who accumulate $50,000 or more in annual benefit costs represent nearly a third of total spending as it relates to employers’ health plans. What can be done to help contain these high costs? Third party administrator (TPA) MedBen explains how two key tactics – claims management and wellness-focused early detection READ MORE>

MediBid Enhances its Free Market Medical Pricing for Self-Funded Employers

MediBid, the first online tool empowering patients to seek bids for low priced, high quality medical care, now shares the prices of winning bids to every doctor, hospital, and facility that makes a bid.... "Although there are many vendors in the transparency space, most of them report on PPO allowables, or Medicare rates.... We are READ MORE>

New Resources Developed to Educate Consumers About Self-Funded Health Plans

SFS News Release: New Resources Developed to Educate Consumers About Self-Funded Health Plans -- The Self-Funding Success website recently added several new resources to its Self-Funding 101 section in its ongoing effort to educate consumers. These pieces focus on a variety of elements that contribute to the positive results many employers are experiencing with self-funded READ MORE>

GPA Saves Clients A Record-Breaking $1 Billion

Dallas, TX -- By consistently providing high quality, cost-effective services to its clients, Group Pension Administration Inc. (GPA) has achieved a record-breaking $1 billion in client savings.... audits on bills from hospitals, emergency rooms, and dialysis centers culminated in GPA reaching its impressive milestone.... READ MORE

Guardian Study Reveals Majority of Employers Overwhelmed With Increased Complexity of Managing Benefits

Here’s a recent study that indirectly affirms the need for high-quality, full-service TPAs for employers to best manage their employee benefits, maximize cost savings and ensure compliance…  The Guardian Life Insurance Company of America recently released Benefits Balancing Act, the third set of findings from the Fourth Annual Guardian Workplace Benefits StudySM. The research highlights READ MORE>

Are Medical Captives the Answer to Data Transparency?

Medical captive insurance is helping level the playing field for mid-market employers who, along with their brokers and advisers, pledge a more aggressive stance on cost containment….uses a pooling approach to self-fund employers with as few as 25 employees – a strategy that as many as 98% of larger employers have used for years. The READ MORE>