Traditional health plans require companies and employees to contribute a fixed premium each month toward their healthcare coverage – regardless of whether the employees actually have claims that meet or exceed the monthly premium amounts.
Self-funding offers a distinct advantage by allowing companies and employees to pay fixed premiums while still retaining claim funds that were not utilized, enabling both parties to save significant amounts on their healthcare-related expenses.
Should actual claims exceed cumulative administrative and claims costs, a special “Stop-Loss” insurance covers those claims, ensuring that overall costs stay low…and savings stay high.
The advantages offered by obtaining self-funded employee benefit programs through American Plan Administrators include:
- Customized Benefit Plans
- Cost-Effective Benefit Programs
- Benefit Plan Design & Consulting
- Expert Claims Administration Services
- Accurate Data Management System
- Advanced Loss Trending & Analysis
- Personalized Quality Assurance Program
American Plan Administrators has been helping employers and employees strategically maximize the value of their healthcare-related expenditures for over a decade and reducing health plan complexities...one policy at a time