Prong #1 – Partially Self-Funding

Who should partially self-fund?

If your employer group has 100 or more employees on the current healthcare plan you should be partially self-funded. This option often scares off many employer groups due to the perceived risk. Black Ink Benefits creates a plan so the employers' risk will not be any higher than what they are currently paying out each month.

How It Works?
Partially self-funded plans give the employer the opportunity to manage its group's healthcare expenses. By implementing this strategy it allows the employer to pay significantly smaller monthly premiums. The difference is then set aside to pay a certain level of claims. This allows the employer (when structured correctly) to benefit from significant cost savings, rather than giving these excess funds to the insurance company.

Potential Risk Minimized
The potential loss due to large claims is limited through three different types of coverage. These coverages "insure" you from any downside issues while becoming partially self-funded. We are experts in this area! We have found several companies that were self-funded; however were not set up properly from the onset.

Black Ink Benefits shops these separate coverages in order to secure the best rates available.

Transition
Moving to a partially self-funded plan should be a smooth transition. Since you have the freedom to choose your level of benefits, you can work with Black Ink to design a plan that is similar to your existing plan.

Sound complicated? That's where we come in. Call us at 1-888-298-9845 and we will answer any questions you may have.

Click on any of the approaches on the chart to the right to get more information.