Self-Funded Plan Administration

Self-funding gives employers the freedom to design benefit plans that meet the unique coverage needs of their group as well as their financial goals.

The flexibility of a self-funded plan allows for more easily integrated cost-containment measures. A self funded plan also provides advantages from a cash flow standpoint in that it uses a pay-as-you-go approach.

KLAIS & COMPANY, Inc. provides complete self-funded plan administration including:

• Administration of medical, dental, vision, and disability claims
• ERISA compliance and 5500 filing
• COBRA and HIPAA administration
• Regional and National PPO network access
• Utilization Management
• Large Case Management
• Plan Design Management
• Disease State Management
• Wellness and Prevention
• Data reporting and analysis
• Subrogation recovery services
• Underwriting and reinsurance services

Many of these programs are included in the basic cost of programs administered by KLAIS & COMPANY, Inc. including Subrogation Recovery. Most administrators outsource subrogation to specialty companies that take as much as 40% of recovered funds. KLAIS & COMPANY, inc. manages subrogation internally and returns 100% of recoveries to its clients. In 2004 this amounted to a collective savings of over $2 million.

For more information on how a self-funded plan might benefit your organization, call Robert Viall, Vice President of Sales & Marketing, at (330) 867-8443, or submit your inquiry through our "Request Information" option on this site.