Founded in 1978, AMERAPLAN, our preferred Third Party Administrator, has been one of the leading providers of administrative services for Self-Funded Group Benefit Plans. We deliver quality group benefit administration for medical, prescription drug, dental, vision, short-term disability, health reimbursement arrangements, health savings accounts and Section 125 Plans.

Self-Funding

Unmatched Self-Funding Expertise
AmeraPlan prides itself on our unmatched customer service and flexibility. Our proprietary claims system allows us to custom design benefit plans that meet the needs of your participants and the demands of your healthcare budget.

Why Self-Funding
During these times of ever spiraling healthcare costs, many employers are finding it increasingly difficult to provide their employees with comprehensive healthcare benefits. Healthcare costs rank as the number one contributor to the national inflation rate. Self-funding has stabilized costs and enabled the continuation of high quality benefits. Over 56% of all employer sponsored plans nationally are self-funded. Self-funding provides the mechanism for employers to control the flow of its money and investment income and, by so doing, derive substantially reduced costs.

How does Self-Funding work?

• An employer who decides to implement self-funding first retains MBA’s third party administrator (TPA) Ameraplan.
• Together they decided upon a plan of benefits, usually similar to the fully-insured group plan being replaced.
• AmeraPlan will suggest various cost containment measures which may be utilized in the plan.
• AmeraPlan provides the plan document, distributes certificates to the employees, pay eligible claims and maintains all records for the employer.
• To offset unpredictable costs, AmeraPlan will generally advise that the plan purchase an excess-loss insurance contract.