SmartFund | Exceptional Care. Predictable Costs.
Are you looking for an innovative way to offer your employees healthcare without hurting your bottom line? Chances are you’ve already researched self-funded medical plans but discovered their inherent risk – cashflow problems as medical costs vary month to month. SmartFund, from Scott & White Health Plan, removes this risk and gives you an easy-to-budget, predictable monthly cost. SmartFund is similar to the fully-funded plans you are used to, giving you a fixed monthly cost that covers expected claims, stop-loss and administrative fees. You save money when the claim costs come in lower than expected, and the stop-loss coverage protects you if they are higher. It’s healthcare that won’t hurt your bottom line.
Protection against unexpected costs.
SmartFund is a partially self-insured medical plan offering predictable monthly costs and the potential to benefit when claims are lower than expected. You pay a fixed monthly rate like you would under a traditional plan. Monthly costs do not fluctuate based on actual claims paid during the year; you simply pay the predetermined amount every month and no more
We don’t just take care of your people; we take care of you, too.
If a fully-funded insurance plan is out of reach, a self-insured medical plan is a good alternative. But varying medical claims each month can be hard to budget for. Our SmartFund option helps you insure your employees at a fixed monthly cost so you get the best of both options.
As a partially self-insured medical plan, SmartFund can be less expensive than a fully funded plan. A set monthly rate covers claims and administrative fees as well as stop-loss protection in case claims are higher than expected. If claims are lower, you receive a refund at the end of the year.
We believe you should be able to take care of your people in a way that makes sense for you.