Self-Insured Health Plans

Control. Savings. Freedom.
If you are looking to control your health insurance costs, and are fed up with hearing how much health insurance carriers profit each year…then self insuring your employee benefits is your answer.

How Self-Insurance Works:
Self Insurance is a type of health plan in which the employer assumes the role of the health insurance carrier. It puts the company in the driver seat in desiging, funding, and administrating their employee benefits program. By self-funding your own health insurance plan, the costs and benefits are not at the control of the carrier. Instead, you are the insurance carrier and therefore have the freedom to design a plan that fits your budget and employees demand for high benefits. Most importantly, the left over premium within your self-insured fund returns to you each year or can be rolled over for next year’s medical claims.

Advantages of Self-Insuring your Employees Benefits Program:
1. Profits Retained
2. Lower Insurance Rate (Annual Average Savings = 10-15% )
3. Avoid Government Mandates
4. Increase Control Over Plan Design
5. Enhanced Claim Loss Analysis
6. Decrease Claim Loss Experience
7. Create a Better Workplace
8. Improved Employee Productivity

London Health Administrators helps you carry out your self-insured plan by administrating the claim payment process, and providing risk analysis to help design your program and to forecast future savings opportunity. Together with London Health Administrators, you prosper by self-insuring your own health plan without taking on any additional work. In fact, your job will be handled with more attention and expertise.

London’s Administrative Capabilites:
1. Paying and processing Medical, Dental, Vision or Rx claims
2. Risk management
3. Eligibility
4. COBRA
5. Claim loss analysis and reporting
6. Customer service
7. Enrollment and Benefit Communication
8. Premier PPO discount networks

Types of Employee Benefit Plans to Self-Insure:
• Medical
• Dental
• Vision
• Prescription
• Short-Term Disability
• COBRA