Rising health care costs have forced companies to seek alternatives to customary health insurance plans to meet their employee's insurance needs. With the passage of the Employee Retirement Income Security Act (ERISA) in 1974, employers were first introduced to the self-funded health benefit plan concept as a viable avenue for managing the effects of ever increasing insurance premium costs. 

Since 1974 the self insured health benefit market has really taken off in a big way and consistently grown at an astounding pace. However, this is really not very surprising since more and more companies are coming to the realization that the self-funded concept is by far the most effective means of combating the escalating costs of health insurance premiums.

Benefit Management Systems, Inc. (BMS) was formed by Kenneth ("Ken") R. McIntosh in 1990 as a "Third Party Administrator" (TPA). Ken, who previously created and managed a TPA for another group in 1977, formed BMS solely for the purpose of providing administrative assistance to companies who have elected to advance to self-funded group benefits and flexible spending plans (IRC Section 125). 

BMS provides quality advice and service to its clients in three distinctive areas of expertise:

• First of all, BMS provides its customers with unmatched experience in administering self-funded plans. The BMS staff has well over 100 years of combined experience in the administration and operation of self-funded benefit plans. This level of experience in one office is simply unequalled!

• Second, BMS provides vast experience in claims management control utilizing state-of-the-art systems technology. Our system components are fully Y2K compliant as verified from continuous testing and written confirmation from all our hardware and software vendors.

• Third, BMS offers its clients high quality consultation in the development and operation of a self-funded plan.

Drawing from his experience of managing another TPA from 1977 until 1990, Ken recognized the tremendous opportunity to expand a high-quality TPA's administrative and operation capabilities beyond the borders of Mississippi. Ken also recognized the need to assimilate an extremely knowledgeable and experienced staff to properly administer the plans and to facilitate a smooth transition as BMS expanded its scope. 

Over the past 10 years , BMS has accomplished both of these significant goals! BMS has developed a truly superior staff with experience beyond compare in the self-funded benefit plan arena (please view our BMS staff section). BMS has also expanded its scope to include major clients in 9 states.

BMS has positioned itself as one of the most successful and most trusted Third Party Administrators in the country. While not the largest, BMS is large enough to serve you but small enough to know you. With this personal touch approach combined with the great combination of vast knowledge, unparalleled experience and state-of-the-art systems technology, you simply could not find a better TPA than Benefit Management Systems, Inc. 

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Benefit Management Systems, Inc.

P. O. Box 2058  ·  Madison, MS 39130-2058

1212 HWY 51 N · Madison, Mississippi

telephone: 601.856.9029  ·  fax: 601.856.9365

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