Self-funding: Fear of risk can lead to missed opportunity

By Jeannette Flowers

“What, me? Self-funded?” This was often the response brokers and consultants would hear from small and mid-size employers (100 to 500 employees) who perceived self-funded plan design as something that could only work for much larger employers who could better manage (and stomach) the risk.

However, with new Affordable Care Act requirements and proposed double-digit rate increases for fully insured plans and public health exchanges looming for 2016, many employers who previously dismissed self-funding as a viable option for their medical benefit plan design might want to take a closer look.

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