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Exploring a Self-Funding Solution

 

How to Choose the Right TPA Model for Your Business

The best benefit solutions are built together.

Here's a secret: There isn't a single "best" health plan administrator for customized employee benefits. Before making the move to a self-funded arrangement, employers and plan sponsors need to consider the following:

  • Company size
  • Budget
  • Level of flexibility they need in their health plan design

Employee benefit goals vary wildly depending on an employer's priorities. Nova's priorities include flexibility, empathy, and partnership. 

Decisions, Decisions...

Evaluating a TPA

A TPA administers self-funded employee benefit plans on your behalf. They typically manage day-to-day operations including claims processing, eligibility, customer service, reporting, compliance support, provider network access, and benefit administration for medical, dental, vision, HRA, HSA, and FSA programs.

Nova's Products and Services

Comprehensive Health Plan Management

In-House Clinical Support for Medical Management Programs
 
Reference-Based Pricing
 
Level-Funding
 
National & Regional Network Services
 
PBM Partnerships
 
Stop-Loss Management & Administration
 
Captive Solutions
 
Comprehensive Reporting & Analytics

Reimbursement Account Administration

Flexible Spending Account (FSA)

Health Savings Account (HSA)

Health Reimbursement Account (HRA)

Lifestyle Benefits

Private-Labeled Partnerships

Private-Labeled Medical Management

Private-Labeled Claims Administration

Private-Labeled Care Navigation

Vision & Dental Benefits

Dental and vision benefits help to round out a total rewards package in a competitive job market. 

Life directions. Making a big decision. Choice
Employee Benefits

We can help you get to where you want to be.

There's more to self-funding than saving on administrative costs. When you choose self-funded insurance and third-party administration services for health care benefits, you unlock the flexibility you need to provide the employee benefits your people deserve.