Self insured medical plans at great risk

Why Self-insured Medical Plans are at Great Risk in 2009 We summarize the problem and offer a viable solution

Many employers with 100+ employees like the flexibility of a self-insured Medical plan… ,[object Object],[object Object],[object Object],[object Object]

However, as the economy slid into recession in 2009… ,[object Object],[object Object],[object Object]

Most stop-loss insurance policies require a claim to be funded first… ,[object Object],[object Object],A distraught employer

The typical stop-loss policy is called “specific excess” ,[object Object],[object Object]

Many employers do not have large sums of money on hand… ,[object Object],[object Object]

A stop-loss policy may take several weeks to reimburse a large claim ,[object Object],[object Object]

Even despite the potential time risk for reimbursement, the greater risk NOW is with… ,[object Object],[object Object],Bewildered Employer

The consequences can quickly escalate into a cascade of trouble for an employer… ,[object Object],[object Object],[object Object]

Unfortunately, the typical insurance advisor has failed to anticipate these great risks! ,[object Object],[object Object],An ill-informed Insurance Advisor Angry Employer

Employers have raised their specific deductibles to very high levels over the years… ,[object Object],[object Object],[object Object]

But what alternatives exist to reduce risk besides going back to fully-insured? ,[object Object],[object Object]

The Hidden Solution is based on a 50-year old law which was mostly ignored until recently… ,[object Object],[object Object],Chart shows 3 Employers and their Specific Deductibles; Employer A has a $100,000 specific; Employer B has a $125,000 specific Note : Employer C has only a $5,000 deductible with the Hidden Solution

In summary, the Hidden Solution brings about the following results… ,[object Object],[object Object],[object Object],*In the Hidden Solution program, the deductible is not technically from a specific excess policy, but in practice, it works somewhat similarly

Surprisingly, the Hidden Solution is also less expensive than most typical self-insured plans… ,[object Object],[object Object]

The Hidden Solution is so flexible that… ,[object Object],[object Object],… and the Employer can do all of this while also reducing risk and lowering costs!

To learn more about how the Hidden Solution can help your business… ,[object Object],[object Object],[object Object],Contact EBS Sales at 866-242-9035 Toll free Copyright 2009 by Enhanced Benefit Solutions, Inc.

Self insured medical plans at great risk

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Self insured medical plans at great risk