Every company is different, but if your company has 50 or more employees, a self-funded plan may be an attractive option for you.
Most insurance companies and benefit administrators serve up the same general packages of benefits with the same options to all companies, regardless of their size and individual needs. As a result, you may end up with benefits you don't need. Or, you skimp on benefits your employees really want. Everybody comes out with less control over their health coverage than desired.
With self-funded coverage through Preferred Health Plan of the Carolinas, you choose the menu. We will work with you to determine your plan's custom design — incorporating your choice of features and benefits. You can establish your plan's copayments, coinsurance, deductibles, and out-of-pocket maximums. You set the benefit parameters, and we take care of the administrative details for you. We will obtain stop-loss arrangements that give your health plan protection from catastrophic losses.
A self-funded plan may also enable you to improve your cash flow, bypass cumbersome state insurance regulations, retain unused insurance funds, and curtail expense by allowing additional flexibility in the operation of your plan.
Preferred Health Plan of the Carolinas can put together an appetizing array of benefits and services to assure quality health plan protection for your company, with all the advantages of self- funding — at a price you can afford.
To find out if a self-funded plan is a good fit for your company, call us at 866.636.0239.