Self-Funding Redefined

A semi-exclusive offer powered by veris




As one of only a select handful of benefit brokers in New Jersey, Blue Ocean Benefits & Consulting is honored to present clients with a new self-funding option powered by Veris. This new semi-exclusive option allows businesses with as few as 50 eligible employees to enjoy potential cost savings along with increased stability and control.

Big company benefits designed for small companies

Many business owners still believe that self funding for health benefits is an option reserved solely for the big guys- huge agencies and firms with hundreds, if not thousands, of covered employees. The truth, thankfully, is much more enticing for small to mid-size businesses. 

Not only is Veris for groups with as few as 50 employees, this self-funding option also offers the following benefits: 

  • Larger Pool = Less Risks: You join a consortium of 84,000 lives, meaning that you get the benefit of spreading the risk across more people than just your employees. 
  • Cost Incentives: As part of this plan, you can also enjoy wholesale pricing with volume discounts.

Not As Risky As You May Think

One of the commonly held misbeliefs regarding self-funding is that it is a highly risky option for employee benefits. As a business owner, you may be surprised to hear that this is not actually the case. In fact, with this plan specifically, there are strategic measures put in place to counteract the risk involved while still allowing you to reap the full rewards. 

Here are some of the notable elements of this program that help in reducing the risk involved: 

  1. Reinsurance reduces risk- Claim payouts are capped. 
  2. Only pay actual claims plus fixed expenses.
  3. Stop Loss: Guaranteed renewable, No underwriting or lasers at renewal
  4. Full Transparency & Control: Choose the plan design, network & funding options plus access to all claims data.
  5. No risk sharing on capital investment 

Self-Funding Simplified

Many brokers discourage their clients from considering self-funding because they don’t understand it and don’t want to put in the time required to do it right. Blue Ocean is obviously not one of those brokers!

We’re here to simplify the process for you and navigate you through designing a self-funded plan so you can enjoy the Savings. Stability. Control.

Sounds Interesting?

Get in touch with us for a free consultation