Take control of your health care costs with self-funding!
MVP now offers SelectSuiteSM, a suite of options designed for companies with 51 or more employees needing relief from costly state mandates
Savings shown for illustrative purposes only
How Self-Funding Works
Unlike fully insured health plans where you pay a premium for health insurance, self-funding means you pay for your employees’ covered health care claims directly. You will have a fixed monthly cost without the high premiums businesses typically pay for their insurance benefits.
By self-funding, you will also realize savings through exemptions from state benefit mandates, taxes on health insurance premiums and statutory reserve requirements.
MVP’s SelectSuite Options Make Self-Funding Simple
Our dedicated team will help you get started right away! We’ve packaged our most popular plans into ready-to-go options based on feedback from companies just like yours.
SelectSuite plan options can offer significant cost savings, along with robust prescription drug coverage, and complete access to our NCQA-accredited multi-state or national provider network.
Plus... choose from our nationally-recognized wellness and health incentive programs — keeping productivity up and costs down!
You’ll Have a Safety Net
MVP will assist you in evaluating our A-rated stop loss insurance partners, enabling you to establish an annual maximum claim outlay and protecting you from larger-than-expected claims.
Our expert team will work with you to establish appropriate employee contribution rates and copays. You’ll pay a fixed monthly fee to help maximize interest on your account and manage cash flow.
MVP offers additional self-funding solutions for large companies!
MVP’s Administrative Services Only (ASO) self-funding solutions are perfect for organizations with 150 or more employees, providing unparalleled flexibility and customization.
You’ll have peace of mind with a single source administrator. MVP has extensive in-house expertise with claims administration, utilization management, underwriting, financial analysis and plan design — we don’t outsource any of these services.
Our ASO customers benefit from MVP’s longstanding positive relationships with providers, meaning favorable rates and exceptional service for your employees.