Why Employers Should Consider Self-Funding

Reason #4:  Management Involvement Self-funding allows the employer to always be aware of plan utilization, claim activity and payment activity versus the passive approach on the fully-insured side. Employers are in a much better position to evaluate plan performance on a overall basis and adjust to any issues faster when self-funding. If you would...

Why Employers Should Consider Self-Funding

Reason #3:  Customized Plan Design Self-insuring allows employers to specifically customize and build the plan design for their specific needs rather than a “Cookie Cutter” one-size fits all benefit plan design offered on the fully-insured side. This means the unique needs of  employers can be addressed without the task of searching for (cookie...

Why Employers Should Consider Self-Funding

Reason #2:  Immediate reward for favorable claims experience Self-funding allows the employer to immediately benefit from low plan utilization. Claims are paid only when they have been received and processed, allowing cash to be retained by the employer for inclusion in operating cash flow. Compare this to fully insured plans. The insurance...

Why Employers Should Consider Self-Funding

Why Employers Should Consider Self-Funding Reason #1: Transparency As health care costs continue to rise its causing employers to consider major changes to their health insurance plans. With the new ACA law the term “transparency” is getting a lot of attention in the healthcare industry as it creates a new savings opportunity...

IRS Releases New Notice on W-2 Reporting

The IRS just released some changes to the W-2 reporting for employers. Employers that are required to file fewer than 250 W-2 forms in 2011 WILL NOT be required to report the cost of health coverage under Health Care Reform. This change will continue until further guidance is issued. However, employers that...

Will Health Care Reform Stand in 2012?

In late March, the Supreme Court will hear arguments on the constitutionality of the "Individual Mandate". The Court is allowing more than 5 hours and we can expect a ruling by late June. Couple this with a Presidential election in November and this is shaping up for a big year for...