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Forward-Thinking Employee Benefits Lead to More than $2 Million in Savings and Healthy Outcomes for Plan Members

When offering health benefits to employees, employers face the risk of experiencing high-cost claims if plan participants are diagnosed with a serious illness or disease. Self-funding allows the flexibility to plan for these situations … proactively. In this example, Tom Doney of Cypress Benefit Administrators shows how implementing two innovative benefit solutions – organ transplant READ MORE>

How Self-Funded Employers Are Saving Up to 30% with Reference-Based Pricing

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 READ MORE>

Price Transparency a Factor as Self-Funded Employers Realize $10 Million in Savings

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 READ MORE>

Streamlined Operations Make Acquisitions Easier & Reduce Benefit Costs by 22%

As a national communications company began to experience rapid growth and multi-state acquisitions, it needed to streamline its benefit process among all locations and ensure a seamless transition for new employees joining the plan. The solution? Make the switch to a self-funded strategy. Third party administrator (TPA) IAA shares a case study that shows how READ MORE>

Self-Funding Restores Employee Satisfaction & Cuts Costs

When providing benefits to small groups of employees scattered around the country, managing the accuracy of claims payments, network coverage limitations and unfilled service needs can take a serious toll on a company’s bottom line – and its reputation. IAA, a third party administrator (TPA), shares a case study that shows how it was able READ MORE>

Self-Funding: Actual Cost Savings vs. Perceived

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>