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PLEXUS Health and Casualty Services Urging Employers to Choose Self-Funded Health Plans | |
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September 13, 2011 PLEXUS Health and Casualty Services helps employers manage their health plans as they engage with health plan administrators and provider networks for assistance in customizing their health plans. Carle Place, N.Y. - September 12, 2011 - PLEXUS Health and Casualty Services (PLEXUS HCS), established in 2010 as an alternative network solution to the quickly expanding self-insurance market, is reaching out in an effort to educate employers of the benefits of self-insured health plans. PLEXUS Health and Casualty Services, serving self-insured employer groups, municipalities, insurance agents, and transportation companies, offers employers increased plan control and introduces opportunities for healthcare providers to gain expanded market presence, enhanced visibility, and increased business opportunities. As healthcare costs continue to increase, PLEXUS Health and Casualty Services points to self-insured health plans as the future of healthcare. Affordable healthcare continues to be at the center of many union negotiations today as working families across America struggle with employers shifting the rising cost of providing benefits. In fact, studies have shown that healthcare premiums have increased by 78 percent while wages have gone up just 19 percent since 2001. In light of this, PLEXUS Health and Casualty Services is reminding employers to choose self-funding plans to help keep health care costs in line, while ensuring that their employees have access to high quality health care. When the Affordable Care Act (ACA) was enacted in 2010 it was meant to extend healthcare access to the 34 million uninsured Americans, and cut healthcare costs for employers. The ACA sets up exchanges, which are marketplaces, set up state-to-state, where people and businesses can purchase healthcare. However, a new study published by the Journal Health Economics shows the newly-insured tend to act more like the uninsured. In an effort to avoid healthcare exchanges and the misuse of provided benefits, PLEXUS Health and Casualty Services urges employers to choose self-funding. By self-funding, employers take responsibility for individual employee health claims out of pocket instead of a monthly fixed premium to a health insurance carrier. With savings ranging from 10-20%, industry analysts expect more interest from small companies seeking to keep health care costs in line. A 2010 survey by Aon Corp.'s Aon Hewitt consulting unit found that seven percent of businesses with 500 or fewer employees plan to switch from being insured to self-insured in 2011. Working with providers in primary and specialty care, PLEXUS Health and Casualty Services is meeting the needs of employers who realize the importance of employee access to quality care, and understand that this approach directly impacts their business performance and bottom-line. About PLEXUS Health and Casualty Services Formed in 2010, PLEXUS Health and Casualty Services offers an alternative network solution to the quickly expanding self-insurance market. Visit PLEXUS Health and Casualty Services at http://www.plexushcs.com. For additional information, contact: Katelyn Petersen, Media Contact CPR Strategic Marketing Communications 475 Market Street, 2nd Floor Elmwood Park, New Jersey 07407 201-641-1911 ext. 18 kpetersen@cpronline.com http://www.cpronline.com Source: http://www.1888pressrelease.com/plexus-health-casualty/plexus-services/plexus-health-and-casualty-services-urging-employers-to-choo-pr-334109.html |
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