How the Concept Works

IRS CODE SECTION 105 – LOWER COSTS, HIGHER LEVELS OF SERVICE

IIS Benefit Administrators uses proprietary software to manage the cash aspects of benefits administration. The program relies on proven actuarial differences concerning policy holder claim patterns and premium differentials resulting from high and low deductible health insurance policies. The strategy works with most health insurance providers in the U.S. 

With IIS Benefit Administrators, employers can realize savings on health insurance premium costs of approximately 50% by purchasing high deductible policies while their employees receive the benefits of traditional low-deductible plans.  Explanation of benefits statements (EOBs) submitted to IIS Benefit Administrators are processed as usual by the insurance company and IIS Benefit Administrators. EOB reports are sent to the employer for reimbursement. 

• Assurant Health
• BlueCross/BlueShield of Texas
• Humana
• Medical Mutual of Ohio
• St. Mary's
• UnitedHealthCare

In exchange for this easy benefits administration step, employers can realize savings of approximately 30% on their group health insurance premiums after accounting for plan management fees.

Employees are provided with one card to handle all of their medical benefits, so the IIS program is seamless to them. A dedicated web site is created for each company.  The web site is a resource for data, history and claims process information.  Employees can track their own claims transactions on this same web site with password protected, HIPPA-approved software.

One of our licensed professionals will be very happy to provide you with a free, no-obligation proposal.