The structure of self-funded plans supports full customization and encourages the development and implementation of more innovative options like telehealth services.
Appleton, WI (PRWEB) June 06, 2017
Designed as an educational tool for consumers in the United States, the Self-Funding Success website has recently published another new piece as part of its Self-Funding 101 series.
“Outside-the-Box Employee Benefits” was developed to provide a closer look at how self-funded health plans offer added flexibility through the option to integrate more non-traditional health benefits. It explains how evolving programs like telemedicine, on-site medical care and tools that empower employees to choose the best care are regularly being incorporated into plans as a means of maximizing cost savings, quality and convenience.
“When exploring the concept, it’s important to note that self-funding doesn’t equate to a one-size-fits-all health plan,” said Caroline Fraker, a Self-Funding Success contributor and third party administrator (TPA) with MedBen. “The structure of self-funded plans supports full customization and encourages the development and implementation of more innovative options like telehealth services.”
In the piece, readers are introduced to some alternative methods to care that are gaining in popularity and utilization. They’ll learn about the related thinking and technology behind these options and how alternative methods are benefiting both employers and employees in many aspects of the care process.
“One of the messages we are really hoping to communicate with the expanding Self-Funding 101 series is that the more you tailor your health plan to the specific needs of your workforce, the better results you will likely see,” Fraker said. “Non-traditional benefits provide a great opportunity to do this.”
The Self-Funding Success website was first launched as an awareness effort in 2016. Some of the other topics in the Self-Funding 101 series include the control of health claim costs, partnership with a TPA and risk management/stop loss protection.
Self-Funding Success is an initiative designed to educate the public about how self-funded health plans work and the ways employers are having success with them. It is organized by a group of third party administrators (TPAs) from across the U.S. For more information, visit http://www.selffundingsuccess.com/.