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

The Problem

Youth. Almost all the startup’s employees are 35 or younger, a demographic that generally doesn’t overuse healthcare or submit unreasonably high claims. Yet the firm’s large insurance company doesn’t take a specific population’s need into account when calculating its fixed plan costs.

The Strategy

When the company touches base with MagnaCare, we reveal that one of the chief benefits of self-funded health insurance is the employer’s ability to create their own healthcare plan to ensure employees receive the care that’s right for them and the company.

The Benefits

With full access to claims data—something often denied by traditional health insurance companies—the tech startup can design a flexible benefits plan that allows them to:

Pick the healthcare solution

from reduced premiums and state taxes

Choose copay and deductible amounts

as well as covered services

Add benefits or make changes

whenever needed

Know exactly what their plan

is going to cost each year

With 30 years of experience serving self-funded clients, MagnaCare provides everything you need to administer your 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