Claim Administration: Select105™ Administration
Exclusive to Hanratty & Associates, Select105™ is a consumer-driven plan design that works with a variety of carrier policies. Plans are custom designed to administer multiple medical and dental plan options including , Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), and Voluntary Employee Benefits Associations (VEBAs) . Employers retain control of the plan design and costs. Medical plan costs can be significantly lowered.
Select105™ shifts the risk from the insurance carrier to the employer. The real benefit is what insurance companies have always known; not all plan participants use all or even some of the benefits under the plan. With Select105™, employers pay a lower premium to the insurance carrier and pay the claims as they are received. Fewer claims equate to lower costs. Since 1995, Hanratty & Associates has saved clients millions of dollars in premiums with Select105™.
H&A Administrators has a team of professionals specifically assigned to provide full Select105™ administration. Our Select105™ customer service representatives work with clients to review enrollments and work with plan participants to review claims, eligibility, payments, benefits and other pertinent information.
Because we handle all of the administration, employers have access to detailed Select105™ utilization reports. These utilization reports include statistical information regarding services, providers, costs and claims *. Your consultant and account manager will use this information to make plan design recommendations to control future costs.
Contact us at Hanratty & Associates to learn more about Select105™.
Select105™ Personal Administrator
H&A Administrators
offers access to tracking utilization history, account status, expenditures,
and specific claim data through Select105™ Personal
Administrator. Select105™ Personal Administrator is accessible
24/7 using an Internet connection. Employees are given a unique user
name and password to access Select105™ Personal Administrator and
transactions are encrypted to ensure data is safe.
Learn more about Select105™ Personal Administrator.
* Select105™ is Health Insurance Portability and Accountability Act (HIPAA) privacy compliant