As president of National Health Administrators, Inc., Joseph E. Fiegoli builds on more than 45 years of experience in the insurance sector. In his current role, Joe Fiegoli provides guidance to organizations seeking to convert from employer-sponsored insurance programs to self-insurance. One such organization he has assisted is the Kingston Teachers’ Federation.
With a self-insurance program, an organization operates its own health plan rather than purchasing a plan from a carrier. Often, organizations can save with self-insurance since they do not need to pay the profit margin added to the premiums of fully insured plans.
In 1995, the Kingston Teachers’ Federation (KTF) began to explore self-insurance options during contract negotiations with the district. National Health Administrators supplied KTF with a comprehensive plan, including partnerships in major medical pre-certification, prescriptions, stop-loss insurance, and compliance. In addition, it supported KTF during difficult arbitration when the district’s funding position would not cover the full cost of the plan. With the assistance of National Health Administrators, KTF was able to implement high-quality health insurance as part of a competitive compensation package for its members.
With a self-insurance program, an organization operates its own health plan rather than purchasing a plan from a carrier. Often, organizations can save with self-insurance since they do not need to pay the profit margin added to the premiums of fully insured plans.
In 1995, the Kingston Teachers’ Federation (KTF) began to explore self-insurance options during contract negotiations with the district. National Health Administrators supplied KTF with a comprehensive plan, including partnerships in major medical pre-certification, prescriptions, stop-loss insurance, and compliance. In addition, it supported KTF during difficult arbitration when the district’s funding position would not cover the full cost of the plan. With the assistance of National Health Administrators, KTF was able to implement high-quality health insurance as part of a competitive compensation package for its members.