Choosing Your Funding Arrangement

Flexibility is choosing what works for you, not being handed someone else’s limited options. CareFirst Administrators wants Maryland, D.C. and Northern Virginia employers to have choices. Let’s meet and talk about what your organization needs, may be unsure about, or what’s worth some exploration. From there, we can craft the plan with the greatest ROI to your team.

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Self-funding/Administrative Services Only (ASO)

If you want to be more engaged in the claims process and actively manage funds, self-funding may be the best fit. You pay us an administrative fee and our team processes claims and works with top health care providers to get quality services at competitive rates. The difference is that your organization funds all claims as they occur. The advantage is that unspent funds are kept within the company, avoiding the costs associated with fluctuating claims. For more protection, individual and aggregate stop loss insurance can be added to help protect you from unexpected costs.

Stop Loss and Cash Flow Protection

Minimizing risk is so important to our stakeholders, so we are committed to providing stop loss protection. In the event there is a stop loss claim, CareFirst Administrators will work with the stop loss carrier to pay that claim without impacting your funds – it’s that simple. The only constant in life is change, and sometimes the unpredictable happens. Our job is to make sure that when uncertain situations arise, you are protected.