Self-insured arrangements traditionally have been more popular with larger organizations, but with rising healthcare costs and ACA fees for fully insured plans, self-insured plans (also called self-funded plans) are gaining popularity among small and medium-sized businesses. Additionally, the carrier solutions and stop-loss marketplace has evolved to positively impact employers of all sizes.
Properly designed, a self-insured arrangement can help businesses optimize their healthcare costs, ensure better control over premiums and incurred claims, and create an acceptable risk level for the employer. But moving to a self-insured plan isn’t a decision to make lightly and understanding the short- and long-term goals you’re aiming for with this approach will be imperative.
This interactive guide will walk you through the process of transitioning to a self-insured arrangement and the necessary steps to help you determine whether self-insurance is the right approach for your organization.