“We were battling the annual renewal trend every year and felt helpless. Thankfully, Spectrum bailed us out. They introduced us to a new self-funded program that not only saved us 25% in premium the first year, but they also showed us how we were spending our premiums and helped us gameplan for our future. We were able to build a benefit offering we are proud of and are able to attract and retain talent like never before.”
-President; Gov’t Contractor

Significant savings through proven self-funding programs – get back on track to controlling your costs.

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Self-Funding Expertise

Putting customers in the driver seat – Custom solutions designed for small (10-25 employees), mid (25-100 employees) and large groups (100+ employees).

- Level funding and Pay-as-you-go Solutions

- Stop Loss Consortiums

- Pharmacy Benefit Manager Carveouts

- 100% Pharmacy Rebate Pass Through

- 100% Claims Fund Surplus Retention

- Healthcare Advocacy 

 

Data Driven Decisions

- Monthly Claim Reports
- Proactive Renewal Discussions
- Proactive Surplus Management
- Realizing Pharmacy Rebate Passthrough
- Long-term Sustainable Programs
- Decrease annual renewal trend
- Manageable and predictable budgets

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Types of Self-Funding Arrangements

 

LEVEL 1: Level-Funded small group arrangements as low as 10 enrolled employees

•Entry level into self-funding designed to provide annual surplus return savings (50% - 66%) with the protection of a large insurance carrier such as Aetna or United Healthcare

•Added flexibility, added transparency, good savings

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LEVEL 2: Level-Funding arrangements from 25-100 enrolled employees

•Designed to provide annual surplus return savings (50%-100%) with the protection of a large insurance carrier, such as United Healthcare or Cigna, with more flexibility and transparency

•More flexibility, more transparency, significant amount of savings

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LEVEL 3: Self-Funding arrangements for 50+ enrolled employees

•Designed to provide the option for realized monthly savings (pay as you go claims) or annual surplus return savings

•Fully customizable, full transparency, most amount of savings

•Access to PBM Carve Outs and 100% Pharmacy rebate passthrough

•Availability to Exclusive Stop Loss Consortium Powered by VERIS