Our Solutions
Level Funding
Level Funding is the most utilized solution we see in the small to medium sized employer sponsored health insurance space. Level funding most importantly allows employers to get as detailed as possible with their employee population risk profile and in turn, get the most appropriate monthly premium amount. In addition to far better rates in most situations, there is an opportunity to share in the benefit of a good claims year with the insurance carrier. Level funded plans will give a refund of the portion of the premium payments made over the year if there has been low utilization. Praesidium works with a plethora of level funded carriers to ensure you will receive the lowest rate possible after considering the risk profile of your group.
Fully Insured
Fully insured plans found their beginning as a result of the Affordable Care Act of 2010. Although fully insured plans are usually not the best solution, they are important to have in our back pocket should other solutions prove too costly. They do have a time and place to be used. Fully Insured plans are a good fit for groups that may have an outsized risk at a certain point in time. At Praesidium, we value having solutions that will work with any group that may retain our services.
Alternative Solutions
The health Insurance landscape in America is extremely volatile right now. Between compliance, medication costs, complicated network agreements, increased administration and a health crisis in America, health insurance prices have been consistently outpacing inflation. Although this is challenging, it provides a rich environment for our entrepreneur class to come in and provide unique and innovative solutions for funding healthcare. Our partners offer services such as claims negotiation, reference based pricing models, Ai underwriting methods, medication manufacturer discount services and much more. At Praesidium, we believe it is vital to continue to explore the array of new and innovative solutions available in the market so that we can continue to combat rising costs for our clients. We are not content to just look at the same small set of providers we are comfortable with year after year. We continuously seek out new partners that will help us in the arena of cost containment and pride ourselves on being at the front lines of health care innovation.
Ancillary Benefits
Ancillary benefits such as dental, vision and life insurance can be the perfect way to differentiate yourself in the labor market or round out your benefits package. At Praesidium, we have a suite of ancillary benefits that perfectly complements your health insurance. Whether you are looking for the most economic option, the Cadillac plan, or something unique to offer your employees, we have it all.