Medical insurance self funding is not just for big companies anymore.
- If you have just 5 covered employees, self-funded health insurance plans may offer your company a way to avoid the high claims and administrative costs and premium restrictions of fully insured group health plans.
We can develop a level funded medical insurance solution that saves you money by paying yourself, rather than the insurer.
The advantages to self funding are simple:
- Cost control
- Cash flow improvement
- Plan design flexibility
With self or level funding, an employer pays actual claims, along with costs to administer benefits. Self funding your group health insurance allows a company to pay claims as they are incurred. Leve; funding caps your expenses so you don't have catastrophic claims.
- When claims are lower than forecast, the savings belongs to you and the company, not an insurer.
To learn more about how self or level funding group health insurance might work for you, give us a call at (303) 422-1660.