Self-Funded Plans Secret Solution for Huge Savings

Risk Management and Stop-Loss Insurance

While self-funding offers many advantages, it also requires businesses to manage the risk of potentially high claims. This is where stop-loss insurance comes into play. Stop-loss insurance protects employers by capping the amount they must pay for individual and aggregate claims, ensuring that a catastrophic claim does not jeopardize the financial stability of the business³. By carefully selecting stop-loss coverage, companies can effectively manage their risk exposure while still reaping the benefits of a self-funded plan.