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Benefits of Self-Insurance
Benefits of Self-Insurance There are many different types of health insurance products and services available for your employees. We believe that self-insurance provides wonderful opportunities for many of today's organizations. The variety of self-insurance benefits can be summarized in the expression of one simple concept:

The better you can quantify and/or control your risk, the greater your self-insurance savings/profits will be when compared to the costs of HMO's or traditional health insurance.

We've prepared this comparison of self-insurance to traditional health insurance and HMO's:

  Traditional Health Insurance Health Maintenance Organizations Your Organization's
Self-Insurance Plan
Risk Finite risk based on premiums Finite risk based on premiums Adjustable risk
Premiums Based On Historical demographics (broad-based) Community demographics (broad-based) Your organization's demographics and history (narrowly focused)
Flexibility? No No YES!
Your Savings When Your Employees' Health Costs Are Low $ 0 $ 0 Potentially Quite Considerable, Depending On Your Risk Tolerance

As you can see, with traditional health insurance and HMO's, your employees lower health care costs translate into greater profits for them - not greater savings for you.

The above chart further illustrates these advantages of utilizing a self-insured plan for providing health care coverage to your employees:

  • As your tolerance for risk increases, your potential savings/profits increase.

  • As your employees' health care cost savings increase, your potential savings/profits increase.

  • You will maximize your potential savings/profits increase when both of these factors work together.

Of course, you can not control or exactly predict your employee's future health care costs. You can however develop a sound, self-insured plan by having their most statistically likely health care costs accurately assessed. That information combined with your tolerance for risk will determine both your maximum cost over your plan's duration but also provide some indicators of your potential savings/profits.

Learn more about how your customized self-insurance plan is developed to help you maximize your savings/profits while minimizing your exposure to excessive costs...

MCM Maxcare is a preferred provider network of Medical Claims Management
Medical Claims Management, Inc. · P. O. Box 1176 · Tallahassee, Florida 32302
850-553-4644 · Fax: 850-402-8961
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