Jul 25, 2024
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![Teamwork, tablet and planning with businesspeople in the office for research on benefit solutions. Collaboration, technology and brainstorming with a corporate team talking about strategy at work Teamwork, tablet and planning with businesspeople in the office for research on employee benefit solutions. Collaboration, technology and brainstorming with a corporate team talking about strategy at work.](/resources/blog/_jcr_content/root/container/container_1455271412/columncontainer/col-2-2-1/image.coreimg.jpeg/1699890305152/adobestock-602425538.jpeg)
Find the Right Partner to Optimize Your Employee Health Benefits
Health care is about spending wisely and ensuring the most appropriate care. However, not all health benefits partners are created equal. There are some important considerations when looking for a TPA partner who will help you optimize your health plan. Learn more about the way we work with our clients.
![Businesswoman answering questions Businesswoman answering questions of guests in a room](/resources/blog/_jcr_content/root/container/container_1455271412/columncontainer_copy/col-2-2-1/image.coreimg.jpeg/1699890321541/adobestock-348348176.jpeg)
6 Questions to Ask in an RFP For Self-Funded Benefits
Your situation is unique - your health plan solution should be too. In a self-funded arrangement, employers can customize their plans to meet the specific health care needs of their employees. Of course, costs are important, but you want to go beyond getting a prospective partner’s rates; you want to identify a TPA that aligns with your organization’s goals and ensures the success of your self-funded health plan. Make the process work for you and be sure you're asking third-party administrators the right questions...we can help.
![Man thinking and seeking new ideas A man in casual clothes thinking.](/resources/blog/_jcr_content/root/container/container_1455271412/columncontainer_copy_950993609/col-2-2-1/image.coreimg.jpeg/1699890336672/adobestock-260652385.jpeg)
Breaking Down Self-Funded Plans: Concerns, Realities, and Solutions
Employers face an ongoing challenge to provide comprehensive health care benefits for employees while managing costs. Traditional fully insured health plans have long been the standard, but an increasing number of employers are turning to self-funded health plans as a strategic solution to take greater control of their health care spend. With fully insured employee benefit plans, employers pay a predetermined premium for each enrollee on a monthly basis. Premiums remain flat whether or not enrollees actually receive services. With self-funded plans, an employer applies a pay-as-you-go approach, paying claims expenses as they are incurred by members on an established schedule. Self-funding your health plan can have many advantages, but there are factors to consider when making a change to a self-insured arrangement. Let us help break it down for you. Read on to learn about the concerns and realities of self-funded plans.
2024
![Reference-Based Pricing for Employee Health Plans: 6 Advantages](/content/dam/nova/resources/blog/images/Health-Plan-Trend.png)
![Find a TPA Partner with Validated Results](/content/dam/nova/about/images/validation-institute-validation-seal.png)
Jun 10, 2024
Find a TPA Partner with Validated Results
![Redefining Customer Service with Empathy and Excellence](/content/dam/nova/about/images/stevie-bronze-customer-service-award.png)
May 14, 2024
Redefining Customer Service with Empathy and Excellence
May 9, 2024
Meet the Nova Team: Payton M.
Several of our nurses from our medical management area worked in labor and delivery (L&D) or post-partum care before they came to Nova. In celebration of National Nurses Week and Mother's Day, we're sharing their unique perspectives and insights.
May 8, 2024
Meet the Nova Team: Kim S.
In honor of National Nurses Week and Mother's Day, we are featuring the experiences and insights of several of our own nurses who have also worked in labor and delivery or post-partum care. Clinical reviewer Kim S. has worked as a nurse for 40 years.
May 7, 2024
Meet the Nova Team: Molly H.
Several of our nurses from our medical management area worked in mental health care before they came to Nova. In celebration of National Nurses Week and Mental Health Month, we're sharing their unique perspectives and insights.
May 7, 2024
Meet the Nova Team: Laura S.
In honor of National Nurses Week and Mother's Day, we are featuring the experiences and insights of several of our own nurses who have also worked in labor and delivery or post-partum care. Case manager Laura S. has worked as a nurse for 35 years.
![Strategies to Manage Health Plan Risk](/content/dam/nova/resources/blog/images/Healthcare%20Costs.png)
Apr 24, 2024
Strategies to Manage Health Plan Risk
![Stop Loss Insurance: A Smart Solution for Self-Funding Success](/content/dam/nova/images/Nova_Whats_Possible_Youtube_Thumbnails_V2_Stop%20Loss%20and%20Underwriting_Square.jpg)
Apr 3, 2024
Stop Loss Insurance: A Smart Solution for Self-Funding Success
![Unlock Business Potential: Business Process Outsourcing through a Third-Party Administrator](/content/dam/nova/services/images/business-process-outsourcing.jpg)
Mar 14, 2024
Unlock Business Potential: Business Process Outsourcing through a Third-Party Administrator
![Nova Among Best Companies to Work For in NY for Seventh Year](/content/dam/nova/resources/blog/images/AssociatesCoreValues.jpg)
Feb 23, 2024
Nova Among Best Companies to Work For in NY for Seventh Year
Feb 16, 2024
Nova's Steward of the Year: Meet Nick Y.
Each February, one Nova associate is honored with our prestigious Steward of the Year award. This annual award recognizes an associate who has gone above and beyond to embody our core values, while contributing to the success of Nova.
![What is the Difference Between a TPA and ASO?](/content/dam/nova/images/Nova_Whats_Possible_Youtube_Thumbnails_V1_updated_TPA%20VS%20ASO.jpg)
Feb 12, 2024
What is the Difference Between a TPA and ASO?
Jan 26, 2024
Use Reimbursement Accounts to Maximize Employee Health Benefits
More employers recognize reimbursement accounts as a strategic component of their employee benefit programs.
![The Advantages of Direct Primary Care for Self-Funded Health Plans](/content/dam/nova/resources/blog/images/Primary%20Care%20Doctor.png)
Jan 25, 2024
The Advantages of Direct Primary Care for Self-Funded Health Plans
Jan 24, 2024
Navigating the Self-Funded Health Plan Spectrum of Solutions for Employee Benefit Programs: A Guide for Employers
With numerous components to consider, it’s vital to clearly define your goals for your employee benefit plan.
Jan 22, 2024
Navigating Medical Network Options for Self-Insured Health Plans
Whether you prefer a traditional regional or national provider network or are looking for a more cutting-edge option like a complete network replacement, members deserve the right care, at the right time, in the right setting.
Jan 18, 2024
Boost Your Employee Health Benefits with a Self-Insured Plan
Traditional fully insured health plans have long been the standard, but an increasing number of employers are turning to self-funded health plans as a strategic solution to take greater control of their health care spend.
![The Value of Level-Funded Health Insurance for Small Businesses](/content/dam/nova/resources/blog/images/Health%20Benefits%20Meeting.png)
Jan 15, 2024
The Value of Level-Funded Health Insurance for Small Businesses
![Learn What's Possible With Self-Funded Employee Benefits](/content/dam/nova/images/Self-Funding-101.jpg)
Jan 12, 2024
Learn What's Possible With Self-Funded Employee Benefits
Jan 10, 2024
Find the Right Partner to Support Your Employee Health Benefits
Not all benefits administrators are created equal. There are some important considerations when looking for a TPA partner who will help you optimize your health plan.
![Unlocking Employee Happiness and Productivity: The Value of a Lifestyle Spending Account (LSA) in Employee Benefit Plans](/content/dam/nova/resources/blog/images/Lifestyle%20Benefits.jpg)
Jan 8, 2024
Unlocking Employee Happiness and Productivity: The Value of a Lifestyle Spending Account (LSA) in Employee Benefit Plans
Jan 2, 2024
RFP Questions to Identify the Ideal TPA Partner for Your Self-Funded Employee Health Plan
Selecting the right third-party administrator (TPA) partner can significantly impact the success of your self-funded plan.