Also known as “self-insurance,” self-funded health care is an insurance arrangement where an employer provides health benefits to employees with its own funds. Instead of paying a fixed premium per employee to an insurance carrier each month, employers pay for the claims of enrolled employees and covered dependents as they are incurred. So what are the benefits of self-funding?
Design a benefit plan based on your business objectives and the needs of your employees.
Funding claims directly means you’re no longer at the mercy of rising premiums.
Detailed reports allow you to make educated decisions about health care benefits and costs.
Wellness strategies help improve the health of your employees and your bottom line.