Health Insurance Plans that pay you back.
Put your health insurance to work!
With fully insured heath plans, all of your premium is paid to the insurance company. You don't have control over how that money is spent. You won't see any of those premium dollars again, even in years when your group's claims are less than expected.
Our Self-Funded Program is different. Some of your monthly payment is used to run the daily administration of your plan, but portions of it are also used to pay your stop-loss insurance premium and to build your claims account. In years when claims are lower than expected, a portion of the difference between your group's anticipated and actual claims are credited back to you and that adds up to significant savings.
With traditional small business plans all of your premiums are paid to the insurance company and you receive NO money back, even when your claims are lower than expected.
With return of premium self-funded health insurance programs, your premiums are split into three categories:
● Plan Administration
● Stop-loss insurance
● Your claims account
With this plan you are eligible to receive MONEY back from your claims account when your claims are lower than expected.