MINNEAPOLIS, MINN, Jan. 19, 2017 – Headquartered in International Falls, Minnesota, Rainy Lake Medical Center transitioned to utilizing Clairmont Financial Group, LLC as their group health insurance broker. The community healthcare organization, now the firm’s northernmost client, maintains a state-of-the-art facility and offers a broad range of services from ophthalmology to pediatric care.
Clairmont Financial Group, a full-service employee benefits firm, will provide group health insurance to Rainy Lake Medical Center. The healthcare organization, which previously maintained a traditional group insurance program, selected the firm in part because of their experience managing self-funded health insurance programs. A self-funded health plan allows organizations to maintain their own, independent health insurance as opposed to purchasing a fully-insured plan from an insurance carrier. By selecting a self-funded plan, companies are able to keep insurance costs lower by pocketing the profit margins that would typically go to an insurance carrier. Rainy Lake Medical Center’s self-funded health plan will begin with the 2017 calendar year.
While Clairmont Financial Group, LLC has clients that are located nationally, Rainy Lake Medical Center is their largest account in the state of Minnesota outside of the metro area. They represent the firm’s continued efforts to grow their presence outside of the Twin Cities.
The partnership began with the 2016 Open Enrollment Period.