With self-funding, you pay claims costs as they occur, which can dramatically reduce costs compared to fully funded insurance plans. Integrated stop-loss insurance helps mitigate financial risk by capping costs. Plus, you can reduce taxes on healthcare premiums.
Self-funding offers the flexibility to create a benefit plan tailored to the needs of your organization and your employees. You get the features you want—and you only pay for what you need. Self-funded plans are exempt from most state mandates under ERISA.
TPA fees are typically 15% to 20% less than those of larger insurers. So you pay less and receive excellent service.
Fully funded insurance plans provide little or no visibility into your actual claims costs. With a self-funded plan, you have greater transparency, with the ability to review and analyze your organization’s actual costs and the trends driving them. So you can make informed decisions to optimize your health plan spend.
A self-funded health plan is a great fit for companies that:
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