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Follow on Google News | MedCost Finds Employers Are Turning To Self-Funded Health Plans As Affordable AlternativeBy: MedCost MedCost LLC and Virginia Health Network have partnered to bring MedCost Ultra, an affordable self-funded benefits solution, to employers in Virginia. “Employers want flexibility and customization in defining health benefits that meet the individual needs of their employees, and clinical programs that, in partnership with the employer and provider of health care, achieve greater affordability and better health outcomes,” Due to expected increases in insurance costs brought about by health care reform, many employers are viewing self-funded health care plans as a more attractive option than fully insured plans. Under the terms of a self-funded health care plan, an employer puts aside funds to pay anticipated health insurance claims for their employees, instead of paying a premium to a health insurance carrier. In addition to having more control over administrative and health care costs, self-funded plans also provide more flexibility in benefit decisions, administration and funding. MedCost provides integrated benefit solutions that offer affordable care through significant network discounts, strong clinical programs that result in better health, cost effective stop-loss coverage, and competitive pharmacy benefit programs. About MedCost and Virginia Health Network For 30 years, MedCost LLC has been providing comprehensive, fully-integrated health care benefit solutions to help manage costs and encourage health and wellness for employers across the Carolinas and beyond. Virginia Health Network is one of Virginia’ End
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