What CPM offers...
You are faced with numerous options of how to set up your employee benefits. The cost of providing health care continues to escalate and there are fewer carriers available than in the past.
You can purchase group health coverage through a fully insured carrier, or you can elect to partially self-fund your group health coverage. Partially self-funding is an excellent way to take full advantage of good claims experience. Insurance coverage is put into place to protect the plan in the event your group were to have unusual claims utilization overall and against catastrophic claims on any individual. These are packaged together to provide excellent protection for employers.
By partially self-funding your medical benefits, you are in control of your benefits. You also have the opportunity to fund the plan in a way that makes the most sense for your specific situation and your benefit dollars.
You are also kept up to date on claims utilization. No waiting for extended periods for claims data. You are also notified of any areas of high usage. This is all part of the flexibility offered by CPM.
