Self-Funded Plan Administration
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
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
HealthSmart Benefit Solutions provides complete self-funded plan
- Administration of medical, dental, vision, and
- 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
HealthSmart Benefit Solutions including
Subrogation Recovery. Most administrators outsource
subrogation to specialty companies that take as much as
40% of recovered funds.
HealthSmart Benefit Solutions 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.