Unmatched Self-Funding Expertise
Great-West Healthcare, now part of CIGNA, brings over 25 years of self-funded benefits administration and nearly 50 years of traditional health benefits experience. Over 95 percent of our business is self-funding with 80 percent of our clients having fewer than 250 employees. Our single source approach to help reduce a company’s health care costs with benefits and services including:
- A nationwide network of 645,000 providers and more than 4,200 hospitals
- Detailed reporting that shows exactly how the plan is being used
- Employee education, wellness and decision-support tools to help members use the plan wisely
- A comprehensive Medical Outreach program to manage the full spectrum of claims
- Consistent benefits to employees across the company – in compliance with federal law under ERISA, self-funded plans are exempt from state-mandated benefit requirements and can enjoy reduced state insurance premium taxes
- Stop-loss insurance that caps the employer’s maximum liability with individual and aggregate limits
- Immediate reimbursement
- Clearly defined maximum liability
- Low trends
- Terminal liability protection
- Stability, services and financial strength