Partial Self-Insured

Supplemental Reimbursement Alternative
For years, to help contain costs, large employers have benefited from partial self-insured reimbursement plans. Benefit Advantage adapted the same supplemental reimbursement formula and is offering many of these same cost-saving practices to its small business employer clients. When combined with a fully insured high deductible group medical plan from a major carrier, supplemental reimbursement provides a significant price break over more traditional fee-for-service and HMO plans. With this creative option, the employer sets aside a portion of the premium savings in a fund that will reimburse employees for the portion of their medical expenses under the deductible.

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Many employers spend thousands of premium dollars unnecessarily on healthy employees who seldom use their medical insurance. Benefit Advantage has more than 23 years of experience in creating custom solutions for small businesses with one objective – to save them money. By combining a high deductible traditional plan with a Supplemental Reimbursement option, Benefit Advantage offers the highest level of affordability, flexibility and security for employers with healthy groups who are willing to assume a little more risk in exchange for significant premium savings. In many companies this approach saves the employer up to 40% with our new Advantage+ Program.

Benefit Advantage offers small business owners a coverage program combining affordable high deductible medical insurance with a Supplemental Reimbursement Plan. Employers save on premium costs and their employees receive major medical protection with first-dollar or early-dollar benefits that can grow year after year. The Supplemental Reimbursement Plan is a very flexible program that enables employers to reimburse employees for medical expenses or insurance premiums. The strategy is based on Partial Self-Insuring concepts, but provides additional advantages.

In addition, the Company’s proprietary on-line administration tool enables employers to easily and affordably manage supplemental employee benefits for small group plans with high deductible options. Why not take advantage of your healthy employee base and realize immediate premium savings. Let us prove to you what our other clients already know… the Supplemental Reimbursement Plan is a viable alternative to broader coverage at reduced cost.