Self-Funded Plans Secret Solution for Huge Savings

Financial Benefits of Self-Funded Plans

One of the most compelling reasons to consider self-funded plans is the potential for substantial cost savings. By assuming the financial risk of providing healthcare benefits, employers can avoid the profit margins and administrative costs that are typically included in fully insured premiums. In fact, companies can save up to 25% on healthcare costs by switching to a self-funded model². Additionally, businesses only pay for the claims that are actually incurred, which can lead to significant savings in years with lower-than-expected medical expenses.