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T.P.A.: 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™.
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
Hanratty 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
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