Traditional Plans Provide Claim Administration Staffing & Resources
There’s a better solution
Employers do not have to buy a prepackaged solution. With Traditional plans, the Employer pays a premium rate to their preferred insurance carrier. Rates are fixed for a year, based on the number of employees enrolled in the plan each month.
- Save bid money and provide better benefits by self-funding.
- Self-funding gives the flexibility and savings Employers seek.
The Facts about Traditional Self Funding
The reality is that many more Employers are continuing to go with traditional self funding; and the reasons are pretty clear:
- Aggressive Savings – $.75 in savings for each claim $1 submitted
- Employers and their members save up to 80% on medical services when compared to typical PPO networks
- Volume Stoploss Discounts – Because we serve over 250,000 members and their families, we are able to get large discounts
- The Best Doctor Networks – Cigna, Anthem, Blue Cross and others
- Plan options – With Traditional self-funding, you can bundle in value-based payments plan Lucent Clarity as well as innovative employee care management and wellness options
- Funding options – We can include creative funding solutions such as:
- Lucent Surity’s captives program that helps Employers share risk with other like-minded Employers
- Deep pharmacy savings
- Unprecedented claim savings
- Flexible, yes optimized care management program
- and secure online data tools for Employers and their employees
Lucent Traditional self-funding really provides the Employer with the knowledge to make the best decisions to achieve the highest healthcare plan performance possible.
Traditional plans are the nation’s best self-funded solution delivering the flexible platform to help the Employer achieve the savings they need in order to secure the best benefits to their clients. Several benefits include:
Flexibility in network choice
Ability to intelligently influence member behavior
Focus on tech innovation and wellness delivers low single-digit medical trend while also passing on savings
Fully integrated and proprietary clinical and care management solution that put the member's care and experience above all
How It Works