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A self-funded employer is one that requires better control over their employee benefit cost, such as medical, prescription drug, dental, vision, short-term disability, etc.
Self-funding allows you to design and implement your plans the way you want them. You are the plan administrator, or as your employees would understand, "the insurance company".
However, you cannot do this alone.
SecureOne Benefit Administrators, Inc. has been providing innovative and quality claims supervision since 1979.
Our reputation throughout the industry allows us to have strong, long-lasting relationships within the stop-loss carrier industry. Your benefit is that you will have secure protection with our A.M. Best "A" rated carriers to protect you against large or catastrophic claims.
A third party administrator (TPA) must be reviewed by how they perform their administrative functions within that employer's plan, not by how inexpensive the administration rates are.
The old saying, "You get what you pay for" is very true in our industry.
Quality, proactive, self-assured third party administrators like SecureOne strive to improve our services to our clients. This is why we have outside auditors that specialize in reviewing TPAs making sure we continue to be an "Excellent" TPA. See SAS 70 Audit Results (20KB PDF) for more details.
For further information, see Self-Funding Q&A.
To obtain a self-funded proposal, see Required Information for a Presentation/Proposal. |
