Employers continue to see their fully insured plans costs skyrocket with no end in sight. The worst part is there is little transparency on why they are receiving double digit increases on their medical plans at renewal. Employers are looking for alternative solutions that will help stabilize costs. Has your benefit consultant suggested a different option for your health plan?
There are multiple ways to fund your medical insurance plan and different types of plans within the different funding models. There are quite a few terms that can be confusing in the medical insurance marketplace. There is Level-Funding, Self-Funding, Association Health Plans, HRA’s and HSA’s.
NADCA is working with an experienced broker that can help you navigate all your options as a NADCA member. As a NADCA member we can offer strategic solutions to complex problems. We can help with administration, compliance, employee communication and more.