Self-Funding

Self Funding

Focused On Self-Funding Solutions that Save You Money

IBA Delivers Significant Cost Savings, Healthcare Plan Flexibility and Unbeatable Service

International Benefits Administrators (IBA) specializes in self-funded benefits solutions with a strong emphasis on personalized service and efficient plan management.

As a third-party administrator, we work closely with every client to design a customized benefits package
With over 45 years experience, we’ve utilized time-tested strategies to reduce overall costs
We offer the largest claim discounts through our premier PPO networks and our cost containment programs
We offer the best stop-loss rates in the industry, and streamlined administration using the latest technology claims processing system

Control Your Healthcare Plan Costs and Gain Greater Flexibility

Self-Funding Your Healthcare Plan Enables You to Customize a Solution That Best Meets Your Specific Benefits Goals

As the costs of benefit plans continually escalate, employers today overwhelmingly choose self-funded healthcare plans to better control costs and eliminate the uncertainty prevalent in fully insured plans with large group carriers
With self-funded plans, employers accrue significant cost savings while having the flexibility to design customized plans to meet their company’s specific benefits goals, eliminating unnecessary benefits
By self-insuring, employers are empowered with greater control over the plans assets allowing them to mitigate insurance company’s overhead charges, commissions, profit margins and premium taxes

Moved client to a Premier PPO network with greater provider access & the most aggressive claim discounts available
Enhanced client’s pre-certification process to target specific medical diagnosis
Implemented Specialty Networks to steer and incent members to use lower cost providers with better medical outcomes
Introduced Pharmacy Benefit Manager options with multiple RX cost saving solutions
Avoided Reserves, Taxes, Retention and Overhead of a fully insured carrier
Removed costly state mandated benefits, and followed ERISA based plan document

Placed client with IBA proprietary stop loss solution thus reducing clients fixed insurance cost
Performed multiple billing and claim audits to target fraud and egregious provider charges
Introduced Pharmacy Benefit Manager options with multiple RX cost saving solution
Moved client to a Premier PPO network with greater provider access & the most aggressive claim discounts available
Allowed client to access direct provider contracts based on their location
Carved out high price procedures to pay at a % of Medicare

Other Self-Funding Services

Self-Funding

Focused On Self-Funding Solutions that Save You Money

IBA Delivers Significant Cost Savings, Healthcare Plan Flexibility and Unbeatable Service

Referenced Based Repricing

Discover the Referenced Based Repricing Solution That Offers a Significant Improvement in Savings Without Compromising Quality of Care

Cost Reduction Solutions

It’s Your Plan, So Why Not Utilize IBA’s Cost Reduction Solutions

Why Not…