Self-Funded Plan Administration
Self funding gives
employers the freedom to design benefit plans that meet
the unique coverage needs of their group and as well as
financial goals.
The flexibility of self
funding allows cost-containment measures to be more easily integrated
into plan design. 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
25 - 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. |
