Customized Solutions

Self-Funding Plans

Partially self-funded plans combine the three most important pieces of a comprehensive healthcare plan, affordability, plan flexibility and reporting. An alternate method of funding group employee benefits, partially self-funding offers distinct advantages over traditional approaches. It allows you to budget for the small predictable claims while protecting against the unpredictable catastrophic claims, through the purchase of stop loss coverage. We can help you maximize benefits while reducing your costs.

Consumer Driven Plans

Employers are finding that promoting individual responsibility is the long term solution to controlling escalating health care costs. With Consumer driven plans such as High Deductible Health Plans, Health Savings Accounts and Health Reimbursement Accounts this can be accomplished.

The Advantage Plan

Small to midsize employers have an ever increasing need for medical plan benefit alternatives. Typically one would find that small to mid-size employers are fully insured and have historically been unable to self-insure due to the lack of available competitive products in the reinsurance market. The Advantage PLAN offers an extremely simple bridge to self-funding with an aggregate-only product that provides the benefits of traditional self-insuring while maintaining the look and feel of a fully-insured group health plan.

Limited Benefit Plans

An alternative to traditional plans are Limited Benefit Plans. The plans provide basic coverage to help with everyday illness and accidents.

Gap Plans

The GAP Plan allows employers the opportunity to reap the premium savings that come with a high deductible plan, while offering a lower deductible to their employees.

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Flexible Spending Accounts

Are your employees receiving the tax benefits from a Section 125 plan? With BMIFlex we can administer your Flexible Spending Account/Cafeteria plan either standalone or in conjunction with your partially self-funded plan.