The Premier Self-Funded Consortium Administrator
For more than thirty years, The Benecon Group has specialized in innovative and effective self-funded employee benefit solutions for both the private and public sectors. With fourteen Consortium and Cooperative programs under management, The Benecon Group offers health benefit solutions for every industry. Benecon is also the leading General Agent for Employee Benefit Consultant Partners.
What is self-funding?
Self-funding is a risk transfer strategy in which expenses are paid as they are incurred as opposed to paying a fixed premium to a traditional insurance company (siia.org). Benecon’s self-funded consortium programs extend this concept to groups that may have been traditionally seen as too small to safely self-fund. Self-funding is a cost savings solution that helps employer groups retain money that would have been lost to the insurance companies.