Good news for fully-insured employers: Under a new Ohio law, insurers are required to provide monthly claims data once a year to groups with 50 or more covered employees (effective July 1, 2021).
For fully-insured employers, this new rule provides a better opportunity to explore self-funding. By having the claims data, you’re better positioned to determine the right self-funding strategy for your population. However, to do this you need the right TPA… and MedBen can help you build the best plan design and cost-saving solutions.
If you’re looking to make the switch to self-funding, give MedBen a call at 888-627-8683.