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Employee Benefit Solutions

What Is the Best Way to Reduce Rising Health Care Costs for Employers?

Lower health care costs without sacrificing employee benefits

More businesses are turning to self-funded and level-funded health insurance plans to gain greater control, transparency, and long-term healthcare savings. 

Why make the switch:

  • Greater control over health care costs and plan design
  • Access to real-time claims data and reporting insights
  • More flexibility to customize employee benefits and cost containment strategies

 

Lower health care costs without sacrificing employee benefits

More businesses are turning to self-funded and level-funded health insurance plans to gain greater control, transparency, and long-term healthcare savings. 

Why make the switch:

  • Greater control over health care costs and plan design
  • Access to real-time claims data and reporting insights
  • More flexibility to customize employee benefits and cost containment strategies

Common Myths About Self-Funded Health Insurance

Myth #1

"It's only for large companies."

Reality: Modern self-funded health plans are now accessible to small and mid-sized employers through level-funded options, stop-loss protection, and flexible benefit strategies that help control health care costs.
Myth #2

"It's too risky."

Reality: With stop-loss insurance, claims management, and cost containment strategies, self-funded insurance can offer greater financial predictability and long-term savings than traditional fully insured plans
Myth #3

"It's difficult to manage."

Reality: An experienced third-party administrator (TPA) can simplify claims processing, compliance, reporting, and employee support, making self-funded plans easier to administer than many employers realize.
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Self-Funded Facts

A Growing Trend Among Employers

More than half of U.S. workers with employer-sponsored coverage are enrolled in self-funded health plans, according to national healthcare research.

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Self-Funded Facts

Data that Drives Decisions

Employers with self-funded health plans gain access to real-time claims data, helping identify cost drivers and opportunities to reduce health care spending faster.

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Self-Funded Facts

Benefits Built Around Your Workforce

Self-funded insurance plans allow employers to customize benefits, wellness programs, and cost-containment strategies based on the unique needs of their workforce. 

Why Nova?

Discover the benefits of self-funded health plans.

Nova is a health plan solutions company that prioritizes flexibility, empathy and partnership. We believe the best solutions are built together.

Phone

1-800-999-5703 

Email

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Location

Buffalo, NY