Self Funded schemes
Are you in search of a cost-effective and adaptable solution for extending medical benefits or healthcare to your employees or members?
The answer may lie in self-funded plans. Self-funded plans often involve the employer bearing the majority or all of the cost of benefit claims. These programs operate outside the realm of traditional insurance, offering businesses greater flexibility. Self-funding empowers healthcare providers to address challenges and enhance cost management while leveraging a network of physicians, hospitals, and specialists with contracted rates.
At Medilink, we offer a range of self-funded options that assist organizations in managing healthcare expenses while delivering high-quality health benefits.
Our Differentiators
Competitive rates
Innovative Health Solutions Delivering Returns on Investment in Benefits.
Simplified program delivery
We offer a range of digital platforms designed to elevate the employee benefits journey, fostering a cohesive and enjoyable employee experience
Global healthcare network
Accessing healthcare services through hospitals, healthcare providers, and medical centers across 138 countries.
Optimized benefits
We believe there isn't a one-size-fits-all solution. Leveraging our unique Medilink tools, our approach offers practical, tailored solutions.
Prevention of fraud and abuse
To safeguard member data against online fraud, we utilize technologies such as electronic KYC and implement two-factor authentication for claim registration
Why to choose Self-Funded schemes
No upfront funding
Through Medilink's self-funded insurance solutions, companies and organizations can settle medical claims as they arise, potentially resulting in savings on interest and effective cash flow management.
No GST for claims costs
GST is exclusively imposed on service charges within self-funded insurance plans; it is not applicable to the actual expenses of medical claims.
Only pay for Benefits Administrator costs
In self-funded insurance plans, the only required payments are for Benefits Administrator fees, in addition to the actual medical claims costs. This is unlike standard insurance plans, where premiums may encompass various overhead charges.
Flexibility on benefit structure
The management and structuring of self-funded insurance plans are at the complete discretion of employers and organizations. They can tailor coverage levels, restrictions, and other terms and conditions based on their specific requirements and budget.
Benefit restructuring at any time
Self-funded insurance plans offer the advantage of allowing benefit restructuring at any time. This provides companies and organizations with the flexibility needed to align with evolving healthcare trends and demands.
Transparency of data
Employers and organizations can utilize the accurate data on healthcare costs, utilization trends, and other metrics offered by self-funded insurance plans to effectively control healthcare expenses and make well-founded decisions regarding benefit administration and design
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