Evolution Healthcare

March 13, 2018 by Evolution Healthcare's Editorial Team

Employer Worries Keep Brokers From Presenting Self-Funded Healthcare

It’s quite apparent the healthcare landscape is changing and will continue to change. As premiums rise, the market is impacted in significant ways. Limited carrier competition, fewer funding options and medical inflation are just a few of the biggest issues companies face when looking for their best healthcare solution.

To help mitigate the healthcare spend runaway train, many have turned to level or self-funded healthcare plans (as many as 56% of 200+ employee groups). So, why are so many brokers still hesitating to present self-funded options to small to mid-size companies? If you’re a broker, quite simply, you’re losing out if you’re not quoting self and level funded options. We understand: your client is worried.  So, let us help you dispel three of the top employer concerns we hear:

Worry #1:  There will be limited network and physician choices

Traditional carriers in fully-funded plans have been the go-to for many and seem more comfortable to present. However, Evolution’s self and level-funded plans incorporate the same big, national networks and providers like Aetna, Cigna and Anthem.

Worry #2:  It will be too big of a transition for our employees

The customization of the plans Evolution puts together means we can literally duplicate the workflow of your current plan so your employees will seamlessly move into the new plan without a disruption. No one will notice except you, when you see the money you are saving.

Worry #3:  If someone gets really sick or hurt, will I lose my company? If it’s all self-funded, how am I protected?  

There is a cap. Aggregate insurance, specific reinsurance and stop-gap insurance are a part of the architecture to ensure you are covered.

We at Evolution Healthcare understand what it takes to put together a healthcare plan with which everyone will be satisfied, and we can help. An added bonus for brokers? Self-funded and level-funded plans make brokers far more consultative and sell deeper into their client relationships. The proof is in the pudding: our broker clients retain their clients at a 99% retention rates. Best part? Their clients are far less likely to plan shop. Don’t you want to be a part of the last health program you or your client will ever need?

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