Self-Funded Health Care Plans
Self-funded health care plans replace traditional, off-the-shelf insurance packages by offering adjustable, customizable coverage options that improve benefits and reduce costs for employees and employers alike. Self-funded health plans allow companies and organizations to unbundle traditional insurance packages by creating their own plans specifically tailored to the needs of their unique workforce.
IAA offers a wide range of self-funded health plans and adjustable components that help businesses and brokers customize the consumer-driven health care coverage that's right for their employees or clients. IAA's self-funded health care plans can include optional components such as:
- Health Reimbursement Accounts (HRAs)
- Health Savings Accounts (HSAs)
- High Deductible Health Care Plans (HDHPs)
- Flexible Spending Accounts (FSAs)
So, for example: A company could share the cost of routine expenses with its employees by contributing to an HRA or HSA, provide an HDHP to help cover serious illness and encourage employees to open an FSA to cover predictable expenses that are not covered by other forms of insurance.
To learn more, or to find out if self-funded health plans are right for you...