Planstin Administration
Revolutionizing Benefit Administration

Planstin Administration is a third-party administrator for self-funded health benefits. Nathan Udy started the company with the goal of helping businesses combat rising costs and navigate the increasingly complex healthcare industry.

While most third-party administrators focus on medium to large companies, Planstin caters to small and medium-sized companies. They offer a strategic self-funded benefit solution that works for companies of any size, even down to a group of one (owner or employee).

Following is the conversation Manage HR had with Udy, founder and president of Planstin Administration.

Helping Keep Costs Down, Retain Employees, and Remain Competitive when Recruiting Talent

First, we provide employers with a strategy to lower costs. Companies save 40 to 60 percent by switching to Planstin versus traditional group health insurance options.

Planstin then helps companies retain employees with easy-to-use offerings designed to provide value. Employees love Planstin’s benefits suite. They are less likely to leave when they have a competitive benefits package.

We also help companies remain competitive when recruiting top talent. When a company provides employee benefits through Planstin’s administration solutions, employees get impressive offerings to compare against other potential employers. Potential employees get the message that they matter and the company is willing to be innovative.

The other concerns Planstin helps employers address also include a simple employer setup process for all provided services, employee enrollment for multiple benefits, and flexible consolidated billing customized to each company, including options for businesses with multiple locations. We also focus on the choice of enrollment methods; online, paper, or census, a self-service portal, attentive customer service, 1094(b/c)/1095(b/c) reporting preparation, and 6055/6056 reporting preparation.

Planstin also offers solutions for administering self-funded benefits, avoiding penalties by providing MEC benefits (ACA compliance for groups of over 50 employees), no minimum employee participation requirements, stop-loss coverage for self-funded benefits (keeping rates level for employees and employers and reducing employer liability), the ability to offer benefits to groups of any size (1+), a full benefits suite; medical, health share, dental, vision, etc., limited network availability, and integration, communication, or administrative tasks with offering benefits.

Helping SMBs Offer Affordable Group Health Benefits

Planstin always believes in making benefits easy for the employer and employee. Employers have the ability to provide employees with a unique benefit offering that saves money and provides real value. This offering includes the ability to self-fund the expected risks, keep the employer compliant with ACA regulations, and provide employees with traditional methods of consuming healthcare.

Planstin also empowers employees to enroll in a medical cost-sharing organization that accepts everyone and select other benefits employees often look for, like dental, vision, telemedicine, and mental wellness.

Case Studies on How Planstin has Enabled Clients to Overcome Hurdles

We helped an employer with about 40 employees. Twenty of these employees worked at the home office, and the other half was spread all over the country. The employer had a hard time finding a benefits solution that would work for them as a whole due to network limitations and costs. Our solutions helped all 40 employees enroll in a benefits plan that allowed them to work with their local providers and kept costs down. This client has happy employees and has been with us for three years.

We helped an employer without any employees. The company had a potential key employee they wanted to recruit, but they lacked the right benefits solution. We enabled the client to empower their recruiting efforts. The employee has been working with the employer for the past two years.

The Distinct Features of Planstin

We have a solution for small companies that other administration services do not. We provide a benefits suite that sets us apart from our competition. Our rates are competitive, saving companies 40 to 60 percent in costs. We make benefits simple.

Part of our winning strategy is employers can offer our extensive benefits suite to employees without much customization. However, we customize solutions for larger companies if needed.