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
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>
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, 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>
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>
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
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>
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>
Small- and mid-sized companies using traditional major medical plans are at a competitive disadvantage: either they are paying more in loaded costs than competitors that use smarter healthcare options, or they are finding it more difficult to hire employees because their competitors offer better plans….With the new year and a new healthcare landscape, HR executives READ MORE>
One employer chose to invest in self-insuring his own company due to a general lack of price transparency seen with payers' health plans…. the notion of a company self-insuring its employees and dealing with medical claims on its own terms is slowly becoming a more popular option…READ MORE