Financing health insurance through a self funded arrangement means you pay for your health care claims plus an administrative fee and a network access fee. You may also purchase the security of stop-loss coverage to ensure your working capital is not overwhelmed by a large claim.
When you choose the self funded financing option, the TPA will process and pay claims for your covered individuals (known as members) according to the terms of the benefit options you have chosen.
The TPA, or carrier, will bill you for the:
Advantages of Self-funded:
Contact your ENV agent today to see if self-funding your health plan is right for you.