Tired of increasing health care costs? We’re here to help you take control.
WHY SELF-FUND?
Better control over plan design.
Management of claims costs-oversight of operating costs, control of reserves and typically lower administrative costs through Third Party Administrator (TPA).
Management of claims costs-oversight of operating costs, control of reserves and typically lower administrative costs through Third Party Administrator (TPA).
Direct relationship with TPA, PPO Network.
You choose amount of risk for stop loss insurance.
Access to your health plan's information. You work with your broker to regularly review claims data.
SBG offers healthcare management for self-insured clients. Contact us today to help improve efficiency, availability, and accessibility of healthcare services for your company.
HOW DOES SELF-FUNDING WORK?
With a self-funded health plan you will enjoy far more flexibility and an opportunity to keep any savings that result when claims are lower than expected. Your plan is designed to meet the unique needs of your organization and the information you gain will help you better manage the risks and future costs of healthcare.
After careful review of your company’s needs, an appropriate amount is set for your trust fund.
After careful review of your company’s needs, an appropriate amount is set for your trust fund.
Employees and employers contribute to the company fund.
PPO Physician Search
Find participating providers.
It’s time to look at a new way of funding your health care benefits.
HOW DOES THIS BENEFIT YOU?
With a self-funded plan, we help you determine the amount of risk your company can assume and secure stop loss insurance to reimburse claims that exceed expected levels.
You control your plan design.
No extra expenses for insurance company premiums.
Rates are based exclusively on YOUR workforce.
Interest accumulates on money sitting in your fund.
Cash flow is freed up for other expenses.
Program Characteristics:
The SBG network operates as a Preferred Provider Organization (PPO). Participating providers are required to:
- participate in and support Utilization review process
- participate in and support Quality improvement Programs
- meet credentialing requirements
- accept reimbursement rates
Hospitals are required to maintain quality assurance programs and certifications. Physicians are obligated to accept fees as full payments with no balance billing for covered services. Coalition members are independent self insured health plans and maintain control of their own plan designs. Each employer member may select their own administrators and choose which SBG contract they participate in.
Repricing and Data Warehouse:
SBG has contracted to provide claims repricing at no cost to members. This agency will receive and reprice claims to assure correct contract pricing. Claims are then forwarded to the member’s administrator; electronic submission is our preferred method. This agency captures claims data and warehouses the data to support SBG’s performance incentive programs.
Are You Ready to Discover the Benefits?
Consultants
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Self Funded Employers
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