After much success with our 2015 Self-Funding Feasibility Study, the Fall River team is back at it again!
Fall River’s 2016 Feasibility Study will analyze the advisability for groups of different sizes and locations to become partially self-funded or whether groups already self-funded should be moving up or down the spectrum when it comes to risk continuum.
Partially self funded plans are benefit plans that look and feel like a traditional health insurance plan. If they are structured properly, there is little or no risk to the employer with a significant potential to gain in a given year. These plans can often deliver a better value and price than fully-insured plans because they are not subject to all of the rating requirements of the ACA. There are also plans available that let employers “dip their toes” in the waters of self funding to get a feel for what their claims experience might look like.
We do all the due diligence for you, utilizing our self funding expertise and our in-house actuarial tools to evaluate each scenario. We will present you with an analysis specific to your organization, at no cost to you.
A short survey will determine if you are eligible. If so, we will contact you to schedule the review and provide a checklist of required documents.
For more information on the Feasibility Study, please attend our webinar on February 24th or contact Juliet Fitzgibbons by clicking here!