Self Funding
Offering Self-Funding Insurance Solutions
When it comes to an employee’s healthcare, it is important to decide how best to fund medical expenses. An employer may choose the traditional, fully-insured model in which a set monthly premium is paid to an insurer. An alternative arrangement is for the employer to cover the employee’s claims expenses, up to a set maximum amount per employee. This is referred to as self funding.
Self-funding allows us to take advantage of the transparency of claims. We continuously review plan usage in depth. We provide clear monthly reporting of all plan expenses, fixed, and variable claims costs. This allows us to establish where the dollars are being spent and how we can mitigate future claims cost.
Self-Funding Expertise
Rampart Benefit Planning can help determine whether or not a self-funded insurance program works for your company. Our Third Party Administrator (TPA) relationships allow us to make sure each one of our self-funded clients are provided with the custom solutions that best fit their needs. These relationships provide us access to all the major provider networks as well as regional networks. We also work with numerous Prescription Benefit Managers (PBM) so that we can truly customize the plan to meet each client’s needs.
Let us help
The Rampart Benefit Planning team is well trained in the field of self-funding and can help guide you through the entire process, allowing you to feel more confident with your decision.