The high cost of traditional health insurance takes a hike

The Problem

The firm’s executives are unhappy with the way traditional employee healthcare costs spiral ever higher, creating a drag on revenue.

Is paying more and more for the same level of service a sustainable business model?

The Strategy

Frustrated company principals reach out to MagnaCare. After hearing their story, we suggest they join the 72% of American employers who self-fund their employee healthcare. On average, companies that self-fund their health insurance save 4 to 12% on healthcare costs each year.

The Benefits

Ongoing. The cost savings gained by self-funding helped give the company freedom to continue its planned expansion.

2 to 3% immediate cost savings

from reduced premiums and state taxes

Enhanced cash flow

because the company doesn’t have to prepay for coverage

No fixed monthly premiums

pay only for the healthcare services used

Continued savings

When claims do not reach the company’s preset limit, the firm keeps those dollars to offset the subsequent year’s funding

With 30 years of experience serving self-insured clients, MagnaCare provides everything you need to administer your self funded health plan at a lower cost and with the greater customization that each individual company deserves.

Read other real-life solutions

Meeting, blur and team of employees in office planning a corporate project in collaboration. Teamwork, brainstorming and group of business people in discussion working together in workplace boardroom.

Additional Case Studies

When it comes to healthcare, one size does not fit all.

Youth. Almost all the startup’s employees are 35 or younger, a demographic that generally doesn’t overuse healthcare or submit unreasonably high claims.

Read Case Study

The high cost of traditional health insurance takes a hike

The firm’s executives are unhappy with the way traditional employee healthcare costs spiral ever higher, creating a drag on revenue.

Read Case Study

When a trendy new health insurance startup needed a provider network, MagnaCare was there.

The northeastern insurance startup was backed by hundreds of millions in venture capital and buoyed by a fresh way of looking at health insurance — an emphasis on virtual and telemedicine visits,

Read Case Study

Restaurant Chain Extends Customized Health Benefits to all Employees with MagnaCare

A restaurant chain in New Jersey wanted to give all its employees healthcare coverage to keep them healthy. But it needed a solution it could afford.

Read Case Study