Fully Insured and Self-Funded Plans
Fully Insured Plans
A health plan is fully-insured when it is purchased from an insurance carrier or other underwriter that assumes full risk for the cost of medical expenses. Click here for carriers screened by UHN/NPP.
Self-Funded Plans
An employer group is self-funded or partially self-funded when it assumes risk for the cost of medical expenses.
When should an employer be self-funded?
- When the employer is willing to pay only for the healthcare that its employees use
- When the employer is willing to assume some liability in return for savings or premiums
- When the employer wants more control over healthcare coverage and have the ability to design its own plan
- When the employer wants to track its healthcare dollars and know where the money is spent
Some of the tangible advantages for being self-funded include:
- Design flexibility. Cost savings for insurer risk charges and taxes
- Ability to control plan benefits to manage costs
- Cash flow
UHN/NPP's Role
UHN/NPP work with many third party administrators (TPAs), managing general underwriters (MGUs), and re-insurance carriers to structure self-funded health plans. The combined expertise of UHN/NPP and our partners can assist you in putting your clients on the right track with both administrative services and stop-loss insurance.
Please contact us at 775-356-1159 X230 or x210 or 800-776-6959, or e-mail uhn.marketing@uhsinc.com to learn how UHN/NPP can help support you in reducing your client's healthcare costs.