Self-Insured Health Plans: A Potential Cost-Saving Solution
Are you tired of the rising costs of employee healthcare? Self-insured health plans may be the answer.
By taking control of your health benefits, you can potentially save money and offer more tailored plans to your employees.
Key Benefits
Cost Savings: Reduce expenses by avoiding insurance company markups and implementing cost-saving strategies.
Tailored Benefits: Design plans that meet your employees' specific needs.
Increased Control: Make decisions about coverage, providers, and claims.
Challenges and Solutions
While self-insured plans offer advantages, they also come with risks. To mitigate these challenges, consider:
Direct Contracting: Negotiate directly with healthcare providers for lower rates.
Stop-loss insurance: Protect against significant claims.
Captive Insurance Arrangements: Pool risks with other employers to reduce costs.
How Empower Pharmacy Can Help
Empower Pharmacy offers affordable compound medications that can help reduce healthcare costs. Partnering with Empower in your self-insured plans allows your company to provide innovative, high-quality, and accessible medications, potentially improving employee health and well-being while controlling costs.
Learn more and discover how Empower Pharmacy can help your business.
President - tim.lacy@mobeforlife.com
5moDoesn’t seem necessary for Empower to offer novice level bulletpoints about self-funding and not make the actual connection to value delivered relative to compounding access? Empower ought to make a value statement about improvement to cost of care, access to care and outcome improvement.