Self-Funding 101

Let BMI demonstrate what partially self-funding can save your organization

Partially Self-Funded Plans

Partially Self-funded Plans offer an alternative to traditional health insurance plans. They allow you to budget for small predictable claims while protecting the group against unpredictable catastrophic claims, through the purchase of stop loss protection. A partially self-funded plan can be written for groups with as few as 25 participating employees. More

Self-Funding 101

Save money with self-funding

Cost Comparisons: Fully Insured vs. Partially Self-Funded

A fully insured or traditional product is a fixed cost and no matter how many claims you incur, or don't incur, you pay the same monthly cost. With a partially self-funded product you pay the claims as they are incurred. In the years with "average" to "below average" claims, you reap the savings. In the "bad" years you are protected with stop loss and pay a comparable "fully insured" amount. More

Self-Funding 101

Let BMI demonstrate what partially self-funding can save your organization

Stop Loss Protection: Limit Your Financial Exposure

With a partially self-funded plan, you pay the claims as they are incurred. Stop loss protection is purchased to limit your financial exposure. Stop loss insurance protects you by paying when any one individual or the entire group exceeds a predetermined amount. More

Self-Funding 101

Let BMI demonstrate what partially self-funding can save your organization

Reinsurance Contract Types

Choosing the correct contract type for your group is a very important part of designing a health plan to meet your needs. You can rely upon BMI to help you in determining which contract will provide your plan the best protection at the most reasonable price. More

Self-Funding 101

Save money with self-funding

Transition to Self-Funding

So you are ready to look at a self-funded quote; what do you need to obtain a quote?

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