At Benefit Dynamics, Co. we will help you and your client to evaluate their ability to self-fund their employee benefit program including their risk tolerance. We will evaluate the current program whether fully insured, level funded with a carrier or self-funded and help determine the necessary requirements going forward.
If your client is currently covered under a fully insured plan, their monthly premium costs are locked in, and they must comply with state mandates. Even if they're healthy and have no claims, they don't share in the savings which are kept by the insurance company.
We offer an alternative to fully insured group health insurance, which allows the employer to be in control of their employee benefit plan. We utilize different plan enhancements that include defend and contained risk, stabilized cash flow and detailed reporting options.