Welcome to IBA


Over time, a traditional health insurance company will charge premiums to its customers equal to the customers’ claim costs plus the insurance company’s overhead, profit and state tax liability. In choosing a self-funded health plan, employers hope to manage claims more effectively, eliminate state tax liability, reduce overhead and drop any profits to their own bottom line.

Advantages of Self-Funding:

  • Reduction of premium tax
  • Control over benefit dollars
  • Reduced operational costs
  • Cost-effective claim processing
  • Reduced carrier profit margins
  • Reduction of costs associated with state benefit mandates and regulation
  • State laws and regulations that regulate health insurance plans do not apply, since self-funded plans are subject to ERISA
  • Cost & Utilization controls