Self Funding Arrangements
Customized Self-Funded Plans and Administration for Nevada & Beyond
Prominence Administrative Services can help employers design benefit platforms that meet your company’s needs and budget. Depending on your level of desired involvement, we can manage as many administrative tasks as you need us to.
Our team of dedicated experts can develop a platform of customized benefit designs, medical management services, open enrollment tools, reporting capabilities, out-of-area network solutions and specialized claims processing.
Realize Greater Administrative Fee Discounts With:
- Customized & Flexible Plan Administration
- Robust Network Offerings with Discounted Rates for UHS Hospital Partners
- Integrated Stop Loss with Automatic Reimbursement
- Risk-sharing with guaranteed protection through competitive reinsurance
- Integrated Pharmacy Benefit Manager
- Disease Management Programs
- Value-Based Care Offerings
Full-Service Third-Party Administrator Core Services
- Dedicated Account Management team
- Customized plan design and administration
- Personalized customer service
- Integrated medical management
- Robust analytic reporting
Why Self-Fund?
There are several potential advantages for self-funding a health plan:
- More flexibility in customizing the self-funded plan to the employer’s goals and the employee population.
- Employers retain funds when health claims are lower than expected.
- Self-funding a health plan is often less costly because:
- There are no profit or risk margins to pay to an insurer.
- There are no state-levied premium taxes.
- Employers maintain control over the health plan reserves, enabling maximization of interest income.
