Alternative Funding
Employers are responsible for controlling and minimizing expenses without compromising the quality of their benefit offerings. As healthcare costs rise, employers are turning to alternative funding solutions that offer financial advantages and the flexibility to design a tailored benefits package aligned with business goals and employee needs. We’ll consult with you about available options to help find effective funding solutions that help control your benefits spend while providing your employees with valuable care options.
ELEVATED EXPERTISE
Building partnerships that achieve results
RENEWED APPROACH
Considering your entire organization
If only one factor influenced the funding plan your company selects, your job, and ours, would be easy. But that’s not the case. We take a comprehensive look at everything, from demographics and size of your organization to current plan utilization, high claimant data, and your total costs.
We’ll meticulously review these and several other factors, explore various funding solutions, and present you with options that offer an effective way to contain costs, while still providing the health benefits your employees expect.
CHOOSING YOUR CONSULTANT
ALTERNATIVE FUNDING OPTIONS
Look beyond fully funded plans
Backed by significant experience in alternative arrangements, our team is committed to helping you gain more control over the cost of health benefits. By working together, we’ll assess your current benefits plan, compare it to viable alternative funding options that fit your needs and goals, help you understand the pros and cons of each one, and guide you through the entire implementation process if/when you decide to make a change. Options we’ll explore include:
- High-Deductible Health Plans (HDHP)
- HRA
- HSA
- Self-funding models
- Level-funded models
- Reference-based pricing models
- Fully insured minimum premium plans
- Narrow network plans
- Domestic network plans
- Graded funding
- Captives
You’ll have the information you need to determine which strategy makes the most sense for your company to contain health plan costs over the long-term while maintaining the quality of the benefits you offer.
THE BALDWIN GROUP INSIGHTS
Stay in the know
Our experts monitor the employee benefits space and compliance updates to provide meaningful insights and help break down what you need to know, potential impacts, and how you should respond.
Let’s make the
possible happen
When you decide to partner with us, you choose to deliver
on your promises and commitment to your employees with solutions as distinctive as they are.