Benefits, Savings & Flexibility
Our company was founded in 1995 and we have long been regarded as a progressive third party administrator, with a reputation for flexibility, innovative services and outstanding customer service.
As a nation-wide leader in benefits administration, we work with self- insured companies of every size—some with as few as 25 employees, others with tens of thousands—as well as association plans and state and federal high-risk pools. In every case, we deliver quality, custom benefit programs built for flexibility, transparency and cost savings.
Whether you’re currently fully insured or self-funded as part of an ASO arrangement, we proudly offer greater control over spending and benefits, with new possibilities for customization.
- Improved cash flow: no prepayment for claims
- Full transparency know where every dollar goes and why
- Lower fixed costs clearly defined maximum exposure, minimal administrative costs
- Greater coverage control endless possibilities for plan design
- Customized network contract with vendors and providers of your choice
- See the future claim utilization reports help manage your costs
- Sized to fit plans can be written for groups of any size
Intro to Self-Funding
Fully insured plans are a ‘one-size fits none’ solution offering employer-sponsored health benefits with costly annual rises in premiums.
Essentially, employers are paying an insurance company to carry the financial risk associated with paying claims.
Partially self-funded plans let employers carry the risk themselves, which can pay off in a big way. These plans let you budget for smaller, more predictable claims and focus on providing the benefit features that will be widely utilized. Meanwhile, stop loss protection helps to ensure you’re still covered in the event of unpredictable catastrophic claims.
At Benefit Administrators, we happen to think there is a better way.
Building A Custom Plan
When you choose to create a custom, partially self-funded benefit plan, you gain the considerable advantages of affordability, flexibility and reporting, all while providing comprehensive healthcare coverage. Let our team review your claims history and identify the key needs presented by your workforce, and then we can build a plan that puts you in control, with options that include:
Not sure what’s right for your employee population? Let us work through your claims data history and employee health assessments to determine what kind of coverage is perfect for your company, and then leave it to us to build your perfect plan.