Self-Funding

These days, the requirements placed on health benefit plans are coming at a dizzying pace. Switching to a self-funded plan can help. Your organization can gain the flexibility needed to meet the needs of your employees. And, fixed costs are reduced since most premium taxes are avoided.

With a self-funded health care plan, we help determine the amount of claims your organization can afford to fund and then secure stop-loss insurance to reimburse claims that exceed that level. As your Third Party Administrator (TPA), we manage the day-to-day operations of your plan, including claims administration, customer service and management information reporting. Management receives the information needed to make more informed decisions and your employees receive the personalized service they deserve.

Self-funding provides greater flexibility, timely information and an opportunity for savings simply not available in a fully insured environment.

Not Just for Big Companies

Most of the recent growth in self-funding has come from small companies with as few as 25 employees.

Opportunity for Cost Savings

Opportunities to lower costs increase when profit margins built into 100% non-refundable premiums are avoided.

Customized Plan Design

With self-funding, you have flexibility in determining the appropriate plan design to meet the needs of your employees. You can redesign your plan at any time.

Ease of Claims Administration

J.P. Farley provides affordable, fast, efficient claims administration service designed to meet your organization’s unique needs.

Self-Funding Works!

You can have a health plan that fits your workforce, offers better benefits and creates savings.

Today’s business challenges include unique obstacles that make it increasingly difficult for employers to provide a competitive employee benefit package.

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James Farley
Founder, J.P. Farley Corporation

Self-Funding Creates the Opportunity for Savings

Most premium taxes and margins are avoided. When claims are lower than anticipated, the employer retains the surplus.

self-funding

Ready to Consider Self-Funding?J.P. Farley Corporation will work with you to determine whether or not
your business is a good candidate for self-funding.