Self-Funded Health Plans
SELF-FUNDED
Savings & Claims - Money not spent on claims remains yours. Build a reserve to gain control and plan for future years.
Fees - Network Access & Administrator (TPA)
Premium - Paid to carrier to cap risk.
FULLY INSURED
Surprise Yearly Increase! – Limited insight to where money is spent.
Insurance Premium - Paid to carrier for health coverage.
Why the role of the TPA matters?
Let BAC be your guide to navigating the complexities of offering meaningful benefits to your team.
Never One Size Fits All
Tailored and innovative funding options plus flexible plan designs to match your corporate values, culture, and objectives. Customize your benefits to keep your employees healthy and happy.
Extension of Your Team
BAC is independent and family-owned striving to serve as an accountable addition to your team. Health benefits are complex, let us relieve that burden so you can focus on your business. From claim payment to compliance, eligibility, accounting, billing and remittance, we’ve got it covered.
Care Advocates
We are not an impersonal insurance company. BAC’s in house nurses work hand in hand with the dedicated benefit specialists assigned to your account. We are passionate about helping improve our members health while making the journey through the health care system easier.
Continuous Consulting
Transparent view to your plan’s real time data and insight to what it means. We will analyze how members are using their benefits and what it costs to help you plan for future years and adapt new solutions to keep costs reasonable.
Control Claim Costs
Today’s health care system has runaway costs with hidden layers of hands in the pot making money off your health plan. The experienced BAC team keeps an eye on cost trends so we can implement claim control strategies to keep our health plans protected from huge expenses. Examples include transplant carve out policies, alternate funding for specialty drugs, and separate risk pools for gene therapies.
Risk Balance & Transparency
BAC works with our employer groups to determine the risk profile that fits their business needs. From level funding to captives, we can find a match. Self-funded plans allow you to pay for claims as they are incurred instead of paying fully insured fixed premiums in advance, so cash flow needs can be balanced. Our clients have a transparent view into all administrative fees, commissions, and payments made on behalf of the health plan.