Maximum Benefit - Self Funding

The key to controlling your plan costs!

Unlike benefits that need a pure insurance element, health, dental and even short term disability claims occur more frequently but are relatively low cost. Claims experience in a group tends to remain relatively stable when monitored over time. As such, you can predict and budget for these types of expenses.

A self-funded arrangement for these benefits provides employers with flexibility, a reduction in administration costs, and gives firms greater control over the amount they actually spend on benefits. Employers only pay for what they use, not what the insurer estimates it will cost.

Maximum Benefit advisors can help design coverage based on your company’s current needs, employee demographics and budget. We will then work with your firm to put in place appropriate Stop Loss and Travel Health insurance needed to protect the benefit plan from catastrophic health claims. We can even help establish funding levels (for budgeting purposes or cost sharing arrangements) based on the plan designs chosen.

Maximum Benefit programs provide a stable, cost effective and flexible way of providing benefits to your employees and self-funding makes annual negotiations with insurance companies a thing of the past – benefit costs are always actual claims plus expenses.