Should my business self-Fund?
Your Business Can Self-Fund
A growing number of businesses and insurance trusts are proving that a self-funded health insurance plan can be a cost-effective alternative to the traditional fully-insured approach. When your business self-funds, you are taking on the responsibility – as well as the risk and rewards – of paying the medical and prescription drug claims of enrollees.
- Employee group size
- Claims experience
- Carrier’s desired profit margin
With self-funding you get:
You make the big decisions about employee benefits, including benefit levels, co-pays and deductibles.
Access to Data
You own your data. You can use it to manage your plan and guide your decisions.
The insurer's profit margin is eliminated, so you gain the rewards of a well-managed benefit plan.
You can design a plan to match the needs of your employees and your organization. Self-funded plans are governed by federal rules, not state mandates, so one plan design can be offered in many states.
You choose what steps to take to get more health – and better health care – for your money.
Self-funded benefits for 75 – 250 employees?
Should your business self-fund?
Answering 10 questions can help you decide. Read the Wisconsin Business Voice article written by Cheryl DeMars, president & CEO, The Alliance.
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