At last! A powerful way to reduce health insurance premiums.
The Self-Funded Plan provides small employers the opportunity to potentially
save on health care expenses by directly funding expected claims and buying
Stop Loss insurance for excess claims.
Assurant Health's Self-Funded Plan provides a value proposition for small
employers who may be disadvantaged by small group rate regulation (such as
"community rated" and "limited rate band" requirements). In community rated and
limited rate band states, small employers with expenses less than the norm must
pay substantially higher premiums to subsidize groups with health problems.
Self-Funded plans are designed to provide an alternative that helps these groups
capitalize on their good health and low health care costs. Many groups over 50
lives choose a self-funded plan for its possible economic advantage, allowing
employers to actively participate in their company's employee health care
coverage, gaining greater control over both the design and financing of the
group plan.
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