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 cutter) plans that may or may not meet all of the employers’ requirements.
Over the long run, self-insured plan customization can the save employers a significant amount of money by not wasting premiums dollars on unnecessary benefits or benefits not valued by employees.
If you would like to know more about self-funded plans and if they are a fit for your company please feel free to call or email me.