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Considerations and Challenges

While self-funded insurance offers many benefits, it also comes with certain challenges. Employers must be prepared to manage the financial risk associated with unpredictable healthcare claims. This risk can be mitigated by purchasing stop-loss insurance, but it still requires careful consideration and financial planning.

Additionally, self-funded plans may not be suitable for all businesses, particularly smaller companies with limited financial resources. It's crucial for employers to assess their risk tolerance and financial stability before transitioning to a self-funded model.