“We are seeing an interest in self-funding among smaller employers, and we expect this trend to continue, regardless of what happens with the ACA.”
According to the Kaiser Family Foundation, 82% of mid-market and large companies employ some form of self-insured plan. That number drops to 13% for small companies. What is it that the big companies know that entrepreneurs do not? Or if you are part of the 1-in-5 large companies not utilizing a self-funded plan, are you leaving money or value benefits on the table?
Self-insured plans are not right for every business but if you are an employer or HR Department and want more control over the benefit offerings you use to attract top talent, you should at least understand the pros and cons to a self-funded medical insurance. Stop-loss insurance, TPAs, and ASOs can take both the financial and regulatory risk out of the equation. It is worth at least a phone call or an E-mail