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The case for self-funding at small and mid-sized businesses - Benefits Pro

A revolution in health care is being spurred by self-insurance, also referred to as self-funding.

A revolution in health care is being spurred by self-insurance, also referred to as self-funding.Paul Johnson writes for Benefits Pro about the search for new and innovative healthcare solutions to better suit small and midsize workplaces.

Read the full original article from Benefits Pro.

In an attempt to balance employees' interests with company profitability, "company owners facing higher healthcare costs are putting more pressure on their human resources staff to find a tenable long-term solution. The revolution in health care is being spurred by self-insurance (or self-funding, partial self-funding, or partial-self insurance), something large businesses have been doing for decades. The big change today is that small and midsized companies can use this model to save money and increase services, with little or no risk."

Learn more about using the partial self-funding model to save money and increase services in Nonstop's Quick Guide to Partial Self-Insurance:

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The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. This communication does not constitute a legal opinion and should not be relied upon for any purpose other than its intended educational purpose.

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