Medical insurance self funding is not just for big companies anymore. If you have just 10-200 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 health plans. We help you develop a self 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-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. When claims are lower than forecast, the savings belongs to the company, not a health insurer.
To learn more about how self-funding group health insurance might work for you, click on the teaching links below:
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