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A pair of Tri-State health benefit companies is trying to grab a bigger share of the market by offering a self-funded plan for smaller employers.
The new product, called UMR Complete featuring HealthSpan Preferred, is designed for employers with 200 or more employees. United Medical Resources (UMR), a third-party administrator that will be selling the plan, is banking on the fact that some of these employers will choose to become self-funded - that is, they will assume the risks for their health...