Amanda Eisenberg from Benefits News takes a look at how increases in employee healthcare (5-10% for many employees) is causing a shift to more self-funding.
Read the full original article from Benefits News.
A new survey from Arthur J Gallagher and Co. found that “The trend of switching from fully insured to self-insured is expected to grow by 35% in the next two years, from 28% to 38%.” Eisenberg highlights the benefits of of self-funding in this article, focusing on how employers can use monthly data and analytics to help make real-time decisions about healthcare for employees.
Typically, only large employers can afford the risk of self-funding healthcare benefits, but there is a similar (and less risky) option for small to midsize businesses - partial self-insurance. Learn more about this innovative healthcare model by downloading our Quick Guide to Partial Self-Insurnace:
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