A new program offers self-insurance options to businesses with more than 25 employees, according to the Pennsylvania Chamber of Business and Industry, its insurance subsidiary and The Benecon Group.
Because the PA Chamber Insurance Benefits Consortium is an administrative services-only agreement, the program allows businesses to keep their current carrier, network and plan design while eliminating premium taxes, Greg Hetrick said in a news release. Hetrick is chief marketing officer for PA Chamber Insurance Inc.
“Self-insurance has historically only been viewed as an option for larger companies,” PA Chamber president Gene Barr said. “However, there is an emerging market of smaller to mid-size companies looking for ways to both lower and control their health care spending, particularly as we move closer to implementation of the Patient Protection and Affordable Care Act.”
Barr said the new employee benefits program is consistent with the PA Chamber’s legislative health care policy goals of ensuring that employers have affordable health care coverage options for employees.
PCI Insurance Inc. has provided business owners in Pennsylvania with medical plans, supplemental benefit options and administrative services for more than two decades. The Benecon Group, established in 1991 and based in Manheim Township, has a self-funded health insurance model with 15 consortia in the public and private sectors covering more than 400 employer groups and more than 90,000 members.