Medical insurance self funding is not just for big companies anymore.
- If you have just 20–200 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 group health plans.
We can 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 you and the company, not an insurer.
To learn more about how self funding group health insurance might work for you, click on the teaching links below:
