Exude Solution Builder
The Preferred Healthcare Solution for The Alliance of Community Service Providers
Exude is proud to partner with The Alliance to offer its members healthcare solutions that will impact their organization’s bottom line for the long term. With Exude Solution Builder, members have the opportunity to enter a self-funded program that takes a unique approach to managing rising healthcare costs. This exclusive benefits program gives middle market employers collective purchasing power that drives down costs and spreads risk, allowing them to design a long-term cost-effective benefits plan that’s self funded with limited risk.
Interested in Learning More?
Join us for an upcoming Lunch and Learn: March 11th 12:30 – 2:00pm at the Alliance.
Why self-fund medical healthcare plans?
In a fully-insured arrangement, healthcare costs continue to rise and employers have limited power in controlling these cost increases. In a self-funded medical health plan, employers have advantages such as:
- Healthcare Cost Management – Self-funded plans avoid paying state premium taxes and other fees associated with most fully insured programs.
- Customize Medical Plans – Employers have greater control of their healthcare plan designs and can create plans that specifically meet the needs of their employees.
- Benefits Plan Transparency – Current and historical claim data is available to help employers forecast and understand utilization of medical plans.
While switching to a self-funded insurance plan offers savings opportunities and flexibility over the design of your healthcare spend it is also important to keep in mind potential drawbacks of switching to this kind of plan.
What is a consortium?
Like Exude Solution Builder, a consortium program is a Self-Funded plan with the protection of Stop Loss Purchasing power. Employers will have the protection to be rated along with hundreds of other companies under the same Stop Loss carrier and therefore receive Stop Loss discounted rates. Plan designs are completely customizable and there is potential to receive 100% of surplus if claims run well. The company will have the option to pay claims as they go or pay to the Maximum Cost if they feel most comfortable having set monthly premiums.
Why Exude Solution Builder?
Interest in self-funding has exploded since the introduction of ACA, but historically there hasn’t been a safe and proven alternative for middle market employers. Exude Solution Builder is a program that combines the benefits of a self funded arrangement and a consortium. It is a time-proven self-funded program designed to leverage stop-loss purchasing power while providing greater control and transparency. It’s a health insurance alternative that offers greater protection and savings for employers.
Benefits of Exude Solution Builder:
- Carrier Neutral Platform – all major networks included
- Group Purchasing Power – ability to leverage global stop loss volume
- In-house Actuarial Services – work for you, not the insurance carrier
- Nurse Navigation & Wellness Consulting
- 24/7 Employee Advocacy, Service & Support
- Benefits Administration Technology Portal
- Financial Services and Tax Reporting – monthly billing & enrollment
- Full DOL Compliance Review & Report – access to team of experts
- Claims Transparency & Data Analytics
Alternative Funding: Savings & Renewal Increase Mitigation
In the end, Exude was able to provide our client a program that not only mitigated the 17% increase, but also ended in a savings of $148k over the fully insured renewal.
Improving Employee Benefits through Communication
Improved the employee benefits communication and overall employee experience through Exude’s dedicated employee benefits team.
Improving the Overall Employee Experience
By creating intentional HR touchpoints we created a more engaged, connected staff that better reflected their employer brand and delivered their desired employee experience.