Working in third party administration for nearly 25 years, Caroline Fraker of MedBen has seen some of the more dubious methods like “guaranteed discounts” associated with traditional health plans. She explains how self-funding offers actual savings versus perceived. As the vice president of compliance and chief privacy officer, Fraker shares how her TPA firm is READ MORE>
In a self-funded health plan, employers cover claim costs as they’re incurred, so keeping those charges in check is a top priority. Tom Doney of Cypress Benefit Administrators shares how this careful claim review is paying off in the form of significant plan savings. He explains how his TPA firm was able to uncover $6.4 READ MORE>
In the eyes of a CEO from a successful TPA firm, employers are shifting from the mindset of passive buyers of standard employee benefits to proactive plan owners who are ready to take control with the added choices self-funding presents. Jay Kempton of The Kempton Group weighs in on why self-funding has grown so much, READ MORE>
Because employee involvement is such a big part of self-funded health plans, workers are being encouraged to make decisions that lead to better health. Here’s one example of how a smoking cessation program is paying off now and for the long-term. Boon-Chapman, a third party administrator (TPA) in Texas, developed a successful workplace wellness program READ MORE>