In today’s world, employers are commonly expected to offer healthcare benefits to their workforce. While smaller employers may not face legal obligations, providing health insurance holds various advantages even in the absence of mandates. Nonetheless, funding a group health insurance plan can introduce unexpected expenses that may catch you off guard. Thankfully, self-funded healthcare programs present a viable alternative that entails fewer risks and often comes with lower costs when compared to traditional group health plans. If you are unfamiliar with the benefits of self-funded healthcare programs, keep reading to discover their advantages.

How Does Traditional Group Health Insurance Work?

The functioning of traditional group health insurance involves companies acquiring health plans that their employees can enroll in. By distributing the cost and risk among the group of employees, the overall coverage expense is reduced. Generally, group health plans suit some employees well, while others may find them less suitable. While employees are generally content with the coverage, some feel frustrated by the limited control they have over the available plan options.

 Why Opt for the CHAMP Plan™?

The CHAMP Plan™ stands out as a personalized and self-funded clinical preventive healthcare program. It is not intended to replace your organization’s primary health insurance offering but rather acts as a valuable complement to the benefits already provided to your employees. By incorporating the CHAMP Plan™, you can enhance flexibility, granting your employees increased access to essential healthcare services to maintain their well-being and productivity.

This plan is centered around cutting-edge technology, empowering users to harness virtual care advantages. With CHAMP, employers have the opportunity to save substantially on FICA taxes, while employees can experience a boost in their overall take-home pay. These benefits alone can make a remarkable difference in your organization’s employee retention rate.

Learn More About Self-Funded Employee Healthcare

Until recently, many employers were unfamiliar with self-funded health programs. Now that you are enlightened about these alternatives, the next natural progression is to delve deeper. Take the initiative to explore further by reaching out to Fortress Health for a complimentary consultation on the CHAMP Plan™. Uncover more about this innovative solution and its potential benefits for your organization. Contact Fortress Health today to learn more at 336-654-0345.