As more companies consider the move to self-funding, Tom Doney and team at Cypress Benefit Administrators are regularly fielding questions about what kind of advantages these health plans can offer. This prompted the third party administrator (TPA) firm to put together a whitepaper that serves as an informational resource about the positives of self-funding. In [...]
One of the most important success factors in self-funding is the service provided by the third party administrator (TPA)…READ MORE
Self-insurance for medical benefits is sometimes seen as a step into the unknown. After all, companies are taking on more risk, and the potential for catastrophic medical costs can intimidate some business owners. But many experts say that the potential cost savings outweigh the risk… READ MORE
As president and CEO of The Kempton Group since 1992, Jay Kempton works closely with self-funded (self-insured) employers on a regular basis and has been part of many insightful conversations with them about what makes their health plans so effective. In this article, he shares 10 of the most common reasons employers say self-funding works [...]
The rising cost of healthcare – and the pressures associated with pushing more of the cost onto employees – is causing a shift to self-insurance among employers… READ MORE
Searching for a solution that would offset fast-rising healthcare costs and provide more savings than a traditional PPO discount, Custom Design Benefits introduced a reference-based pricing (RBP) program for its self-funded plans that is returning great results. When compared to traditional PPO plans, the third party administrator (TPA) reports fixed cost savings of 15-20%, and [...]
A third party administrator (TPA) with multiple locations in the U.S., Cypress Benefit Administrators has released its annual cost data trends report comparing the average cost increase of its health plans to others throughout the nation… READ MORE
How to fund health benefits is a major decision for any organization. There are two options — get fully insured through a health insurance carrier or fund it themselves. Until recently, self-funding was only considered for large organizations due to the potential risk involved, but that’s changing… READ MORE
For companies that self-fund, unbundling your health plan benefits offers some distinct advantages including competitive rates, more flexibility, and greater transparency… READ MORE
Appearing as a guest on an episode of The MiddleGround, Jay Kempton discusses why his Midwest-based TPA firm became involved with the movement toward price transparency in self-funding and how it helped contribute to nearly $10 million in savings by 2015. Kempton explains how partnering with facilities that advertise the costs of medical procedures upfront [...]
