With the rising costs of health care, employers are looking for effective ways to manage the cost of benefit plans for their employees--searching for the balance of quality medical care and managing the costs to the company and to the individual. With a self-funded health plan, employers assume the control associated with health care costs in exchange for many significant financial benefits and more choice in what their health plan actually offers. Understanding the difference between a fully insured health plan and the self-funding plan will help you know if this balance of self-funding is right for you and your company.
In Business Since: | 1983 |