Why A Self-Funded Plan?

IMA is a premier provider of self-funded benefits programs for all size businesses.

Self funding provides the potential for savings that are not available with a fully insured plan. If claims exceed expectations, the employer’s liability is capped under the reinsurance “stop-loss” policies.

Fully-insured plan premiums are 100% taxable. Using self-funded plans, the only taxable premiums are those paid for specific premium, aggregate premium and aggregate accommodation. This reduces the client’s costs.

Self funding provides you with the flexibility to design your benefit plan, subject to federal law. This differs from full-insured programs where you have little or no flexibility in plan design and benefit programs other than in choosing a canned approach.

Considering the spiraling cost of health care, many employers are self funding as the only logical method of continuing to offer health insurance coverage as an employee benefit.