Shared and self funding for large businesses

Funding Options

For groups who want to manage risk and know where each dollar is spent, self or shared funding plans are a great option. We work with you to design a plan that meets your needs. We also regularly review your plan and provide guidance - we work with you, but you have control.

Self-funding*

HAP can help your company with self-funding plan administration by offering guidance with risk management, claims management and compliance. Every claims payment is made known to you and is available online 24/7. We also provide detailed reports daily, monthly and/or annually. Because HAP manages the plan and administers all claims, the data we collect can be used to provide comprehensive benefit and utilization reports.

Shared-funding*

With shared-funding, a monthly funding level is established that can be budgeted much like a premium. This approach makes it possible for smaller companies - as few as 51 employees - to take advantage of the economics of self-funding, just as many larger companies have done for years. For example, set premium taxes are not assessed on claim payments and if claims do not reach the funding limit, the group retains those funds.

*Plan management by ASR Health Benefits, a subsidiary of HAP

Service area & network

Members can access our statewide network of doctors and hospitals. Arrangements with national and regional networks provide access for employees outside of Michigan. Together, we can identify the best national partner that will meet your unique needs.

Why choose HAP self/ shared-funding

Lower fixed costs. Often, the fixed cost are lower than the fixed costs included in a group health insurance premium
Complete customer service. HAP gives every self-funding client a dedicated account team, including an account executive, an account coordinator, a claims supervisor, a claims analyst and a plan administration representative.
Statewide and national networks. Employers and organized labor markets can access HAP’s statewide network, which offers providers throughout the state of Michigan. For those with employees outside the state of Michigan, there are national partner options.
You determine you benefits. We work with you to design a plan that meets your needs. We build the benefit plan on our system and provide the summary plan descriptions for your employees. We also regularly review your plan and provide guidance.
You’ll know where very dollar is spent. We’re committed to full transparency. Every claims payment is made available online 24/7. We provide detailed reports daily, monthly and/or annually.
We manage your risk. Because HAP manages the plan and administers all claims, the data we collect can be used to provide comprehensive benefit and utilization reports. These reports provide a road map to help continually improve the benefit plan and control future costs.

Plans can be customized to meet your needs.

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