Self Insured Cost Reduction
An innovative healthcare solution that eliminates costs, simplifies processes, and ensures seamless access to care. With no out-of-pocket expenses or complex paperwork, it streamlines healthcare so companies and employees can focus on well-being, not bureaucracy.
Key Benefits
Our solution is designed to remove financial barriers, provide comprehensive services, and support both employees and their families. By covering costs and prioritizing preventive care, it ensures healthier outcomes and peace of mind.
- Zero Out-of-Pocket Costs incur no deductibles or co-pays
- Comprehensive Services access to a wide range of medical services
- Preventative Care remove financial barriers and promote early detection and management
- Support Dependents extend coverage to family members and ensure their health is being prioritized
Self-Insured Cost Reduction Plan
A self-insured cost reduction plan allows companies to fund employee health benefits directly, giving them greater control over expenses and flexibility to tailor coverage. By using tools like direct provider contracts, TPAs, wellness programs, and telemedicine, employers can lower costs while protecting against high claims with stop-loss insurance. This approach offers savings and customization but requires strong oversight and sufficient reserves.
EMPLOYER
Lower Healthcare Costs
A Self-Insured Cost Reduction Plan benefits employers by lowering healthcare costs, providing flexibility in benefits, and increasing control over expenses. By self-funding, employers avoid high insurance premiums, negotiate better provider rates, and implement cost-saving measures like wellness programs and telemedicine. Customizable benefits improve employee satisfaction, while stop-loss insurance helps manage financial risk. This approach leads to more efficient healthcare spending while maintaining quality benefits.
EMPLOYEE
Tailored Healthcare Benefits
A Self-Insured Cost Reduction Plan benefits employees by offering more tailored healthcare benefits, lower out-of-pocket costs, and improved access to quality care. Since employers control the plan, they can customize coverage to better meet employees' needs, often including wellness programs and preventive care incentives. Cost savings from self-funding can also lead to lower deductibles, copays, or enhanced benefits. Additionally, employees may have access to more direct care options, such as telemedicine and negotiated provider networks, ensuring better service and affordability.
GOVERNMENT
Less Reliance on Government-Funded Programs
The government benefits from a Self-Insured Cost Reduction Plan by reducing the burden on public healthcare programs and promoting more efficient healthcare spending. Since employers cover their own healthcare costs, there is less reliance on government-funded programs like Medicaid or subsidized insurance. Additionally, self-insured plans often emphasize preventive care and cost-control measures, which can help reduce overall healthcare costs in the long run. By encouraging private-sector cost management, these plans contribute to a more sustainable healthcare system and reduce the need for government intervention in employer-sponsored healthcare.
Key Advantages of Our Healthcare Model
Our approach delivers cost savings, comprehensive care, and efficient administration while prioritizing prevention and affordable prescriptions. By removing barriers and streamlining access, we ensure better health outcomes for employees and long-term value for employers.
Cost Savings
By cutting high administrative and premium costs of traditional insurance, employers can greatly reduce healthcare expenses. Streamlined administration lowers overhead, while avoiding costly premiums delivers long-term savings and supports quality employee care.
Efficient Administration
Simplifying administrative tasks ensures timely provider payments and less non-clinical work, allowing more focus on patient care. Streamlined experiences boost employee satisfaction, aid retention, and support faster recovery, reducing absenteeism and improving productivity.
Pharmacy Network
Our Performance Pharmacy Network, in partnership with Costco Health Solutions, offers zero-cost prescriptions through a wide network of pharmacies. This ensures seamless, convenient access to medications, enhancing employee satisfaction and reinforcing the organization’s commitment to their well-being.
Comprehensive Services
Employees gain access to a wide range of specialties through a high-performance provider network. This reduces wait times, improves care efficiency, and ensures top-tier medical attention with strong quality standards.
Preventative Care Focus
By removing financial barriers, the model promotes preventative care for early detection and effective management of health issues. Proactive health management reduces costly treatments, supports chronic condition care, and fosters a culture of wellness that boosts satisfaction and retention.
Start Saving While Supporting Your Team
See how Ignite Health can lower your business expenses, create meaningful tax savings, and provide valuable preventive care benefits to your employees—all at no out-of-pocket cost to them.