Self-Funded Health Care

Self-Funding Alternatives & Cost Containment Strategies

We have found that employers in all industries are struggling with the same problem, controlling health care costs!

There was a time when self-funding your health care benefits was only for large companies. Those times have changed and given the current economic environment many companies with 50 or more employees are turning to this effective cost containment solution. It provides a way to pay only for actual claims, with full protection while providing detailed reporting to analyze employee behavior and plan flexibility to adjust options.

Cost Containment Strategies for Controlling Health Care Costs

Benefits of Self-Funding/Self Insuring to Control Health Care Costs:

  • Gain greater cash flow management
  • Pay only for claims incurred with additional stop-loss insurance for full protection
  • Avoid costly state premium taxes and carrier administrative costs
  • Receive and benefit from claims management as well as carrier profit margin

Download our Free Self-Funding Guide

Download Now

Download this 2-page case study to see Self-Funding facts, actions and results for a real client.

SF Case Study

Self-Funding Formula for Success

This white paper describes the financial and operational advantages of self-funding while addressing many of the major misconceptions.

SF Success Formula

Download the results of this revealing research.  A 2-page synopsis of influencing factors you don’t want to miss!

Survey respondents were companies with between 25 and 249 employees, and all were actively involved in their company’s decision making process for health benefits.

Research Revealed

Benefits of Self Insuring to Control Health Care Costs

  • Gain greater cash flow management
  • Pay only for claims incurred with additional stop-loss insurance for full protection
  • Avoid costly state premium taxes and carrier administrative costs
  • Receive and benefit from claims management as well as carrier profit margin
  • Standardize benefits across multiple states with no state mandates
  • Plan flexibility to accommodate for utilization trends, HR needs and inflation
  • Gain complete control of benefit costs with detailed reporting providing a comprehensive view of claims
  • Identify and control high risk claims and adjust plans accordingly
  • Benefit financially directly from wellness and education programs
  • Define exact exposure and maximum cost due to stop loss insurance coverage
  • Combine with a CDHP and health & wellness program for maximum result

When you self insure your health care you are taking a proactive approach to cost containment and will benefit from a well designed plan. The best way to keep plan costs in line is to help employees stay healthy and move to a self-funded arrangement. This solution delivers robust reporting for a hands-on experience, full benefit design control and stop-loss protection to limit exposure.

Share
HR Outsourcing MD, DC, VA, PA