Lockard & Williams does not care about being the largest...
We care about YOU!
With the spiraling cost of health care, many employers see self-funding as the only logical option for their employee benefit plan.
- Self- funding provides the potential for savings that are not available with a full insured plan. If claims exceed expectations,
the employer’s liability is capped under the reinsurance “stop-loss”
policies.
Fully-insured plan premiums are 100% taxable. With self-funded plans, the only taxable premiums are those paid for specific premium,
aggregate premium and aggregate accommodation. This reduces the
client’s cost.
- Self-funding provides you with the flexibility to design your benefit plan, subject to federal law. This differs from fully-insured programs
where you have little or no flexibility in plan design and benefit programs
other than in choosing the “canned” approach.
Your Company should consider Lockard & Williams because we…
- Are capable of customizing a plan to your needs
- Adjudicate claims promptly and correctly
- Upon request, provide and review re-insurance proposals
- Utilize superior technology for cost-containment programs
- Re-price PPO claims
- Ensure timely governmental reporting, including the Department of Labor and the IRS
- Provide complete financial accounting for your plan
- Administer COBRA, HIPAA, Section 125 and HRA Administration
- Practice sound management reporting