IOA Self-Funded Benefits Programs
Fund Your Own Health Plan & Save
Another option when evaluating benefit programs is self-funding. In order to help you develop the most financially viable self-funded program, Insurance Office of America has experience with self funding and strategic partnerships with providers who offer and administer self-funded plans.
What are the General Advantages of Self-Funding?
- Lower administrative charges.
- Insulation from double-digit annual premium increases.
- Faster, more efficient claims processing.
- Control of plan design helps control costs and allows you to monitor utilization.
- You avoid state premium taxes (5% - 9% of total premium).
- You avoid costly state-mandated benefits.
- You retain reserves normally held by carrier, bringing cash-flow advantages to your company.
- You can tailor the level of administration to suit your needs.
For more information about IOA Self-Funded Group Benefits, call (800) 243-6899 or email GroupBenefits@ioausa.com.