Improving Health – Controlling Costs
Alternative Benefit Funding is a self-funded approach with stop loss insurance at relatively low attachment points to protect smaller employers from significant risk and exposure to large claims. Alternative Benefit Funding focuses on two overriding principles:
- Reduce the severity (cost) of claims your company will have.
- Reduce the frequency (number) of claims your company has overall.
By strictly adhering to these two overriding principles, Alternative Benefit Funding will help your company to proactively manage your health care program, not reactively adjust to it. Alternative Benefit Funding focuses on a “Pro-Active” approach with the goal of helping people before they become a claim-rather than waiting until they require medical intervention.
In contrast to a traditional program that focuses on managing a specific disease or condition, alternative benefit funding focuses our plan on the “Whole-Person” model to minimize claims that do happen and eliminate claims that shouldn’t happen.
The ultimate goal of alternative benefit funding is to reach “at risk” employees before they become a “claim” to the health plan.