We offer traditional self-funded products, where employers collaborate with BMI to design a tailored benefits offering that meets their unique needs.
These products offer maximum flexibility and freedom to design a custom benefit program for your workforce.
Our traditional self-funded product includes medical provider networks, select dental, specialty RX management, claim negotiations, pharma options, wellness and behavioral programming, COBRA, and claims administration. In addition, we deliver insight reports that identify areas of medical spend, opportunities to improve employee support, and further manage costs.
In many cases employers save significant dollars each year when they choose a self-funded benefit option.
Self-insured plans save on reduced costs compared to fully-insured plans when healthcare is well-managed, elimination of taxes on premiums, and benefits from cash-flow optimization.
While carriers have stringent rules on how care is provided, self-funded plans choose their preferred care options, which can lead to superior care at a reduced cost.
Monthly statements offer you transparency into the performance of your plan so you can have the confidence that your funds are well-managed.
Unlike a fully insured plan, overages are possible. Stop Loss will help you mitigate risk and manage any unexpected claims.
Your employee population is unique. We can help you customize your plan to your particular population needs.
Your employees have access to our concierge care team. We’re here to help them manage every aspect of their healthcare journey, resulting in better outcomes and lower costs.
With the rising cost of prescription drugs, BMI's long-term vendor relationships ensure your members continue to get the care they need.