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GBS Provides Turnkey Self-Funding Programs

More employers are choosing self-funded health plans each year. Traditional fully insured employee benefit plan membership dropped over 10% from 2013 to 2014 while self-insured membership rose in that same year1. However, employers considering self-funding for the first time may be concerned about what is required of them to make the change possible.

GBS Transition Process:

Step 1: We will conduct an introductory meeting to gain an understanding of your organization and your goals and priorities for your employee benefit plan.

Step 2: You will provide basic information about your program to help determine if self-funding is a viable choice for your organization.

Step 3: GBS will design a program based on your specifications and present it for approval.

Step 4: GBS will obtain quotes from reinsurance carriers to create a detailed proposal for your consideration.

Step 5: We will present a turnkey proposal for approval. It is not until this step that your organization makes a final decision about changing to a self-funded program.

Step 6: GBS handles complete implementation of your employee benefit plan, from enrollment and eligibility meetings to implementing all plan contracts and policies.

When assisting a client transition into a self-funded health plan, GBS is there through every single step of the process. GBS is a consulting TPA that will partner with you to provide turnkey solutions for your employee benefit plan.

Contact us to learn more about the options GBS can provide for your employee benefit plan.

1Modern Healthcare - Self-service insurance: Insurers forced to compete harder for self-insured customers.
Posted 5:14 PM

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