Partial Self-funding Management
Self-funding is the self-retention of risk in lieu of transferring risk to a third party, such as your insurance provider. This plan shifts most or all of the liability risk to an employer, while giving them control over the management and finances of the plan. It also eliminates insurer charges completely, and gives employers far greater leverage in creating customized health plans and reduced healthcare costs.
JKJ can manage the complete process as a company adopts self-funding, from submission to ongoing administration. We bring our expertise to bear on the design process, implementation, and monthly review of claims.
To be successful, a self-funding employer must carefully consider their options. We can advise you in critical areas, and help in the efficient management of the day to day operations.
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