There are many available options for both community rated groups (2-100 and larger 100+ full-time employees) and large groups (greater than 50 full-time employees). Reliable Brokerage is well positioned to assist with all available marketplace options.
Self-funding enables an employer to take direct control of financing its health plan. Self-funding options are available for groups as small as 51. Employers with over 350 employees should seriously review self-funding their plan every year or two.
The key benefit of self-funding is that the group directly benefits from improvements in its claims experience. In addition, there is more flexibility in designing the plan because the group is not required to meet state-based health insurance mandates. (However, even self-funded plans must meet Federal mandates.)
There is additional effort required to set up many self-funded plans. Typically an employer with a completely self-funded plan will purchase stop-loss coverage. Often a third party administrator will be hired to handle claims management and other accounting functions. This is where Reliable Brokerage becomes indispensable to make the transition to self-funding a fluid experience for both employer and employees
In light of the changes brought about by the Affordable Care Act (ACA), there are now additional options available for individual and family coverage. Reliable Brokerage can assist individuals and families with enrollment both directly with the carriers and through the public exchanges.