Discover how a Self-funded health plan can improve cash flow
The safety of national carrier networks with the advantages of a Self-funded health plan:
- Return of unused claims funds
- Lower premiums
- National networks
Major Networks plus Major Savings
A FRANplan self-funded plan leases a national medical network so you and your employees can access the same doctors and hospitals as a fully insured health plan.
How self-funding works
Level Funding
Your contribution to the claims account does not increase for a full year as long as there are no changes in enrollment. This is known as level funding.
Stop Loss
If your group’s claims are higher than expected, stop- loss insurance protects your business. There is no further funding required.
Administration
All day-to-day administration of your self-funded plan including claims processing and customer service is taken care of for you.
Refund Potential
If your group’s claims are lower than expected, you may get a refund of a portion of the difference at the end of the plan year. About 60% of our groups receive a refund.
One Monthly Payment
One predictable monthly payment that is split three ways:
- Claims funding
- Administration
- Stop loss premium
Customized Plan Design
- Flexible deductible
- Coinsurance from 50% to 100%
- First-dollar coverage for preventive care
- HSA options
Self-funded health plan starting at ONE person
Under the right circumstances, a one person or family health plan can be self-funded allowing for unused claims funds to accumulate and be refunded. Knowing that your Self-funded health plan pays you back for being healthy gives you another reason to be proactive about your health.
Design your health plan
Tell us about your franchise and the health plan your have in mind. We’ll design a plan and suggest options based on group size and state.
Already have a health plan?
Provide some information and we’ll conduct a no cost review to see if we can improve the plan or save you money.