Self-Funding Without Fear™
How can I get better health insurance at a lower cost? How can I lower my employee health insurance costs? Are self-funded health plans available for smaller companies?
Health insurance is a major expenditure for most employers. Ever-rising costs make it difficult to budget, often with negative impacts to employees’ take-home pay. If you feel like you’re just throwing money at the bottom line for an insurance company, consider self-funding.
What is self-funding?
Self-funded health plans have become increasingly common. In fact, in 2024, 63% of covered workers in the United States were part of a self-funded plan, in which claims are paid from existing premiums, rather than by an insurance company.
Can self-funding help me save money on employee health insurance?
Yes. By self-funding, companies eliminate costs like insurance company profits, premium taxes, reserve adjustments and more. How much you’ll save depends on your situation, but statistics show that a company with 100 covered members has a nearly 95% chance of experiencing savings with a self-funded vs. a fully insured health plan.
What if…?
What if my plan has a catastrophic claim? What if this creates more work for my internal team? What if we struggle to remain compliant with health insurance regulations? What if employees are confused, upset or dissatisfied?
Most organizations ask themselves these same questions (and more!). In fact, the majority of companies that come to HaloScrips would like to transition to self-funding, but they struggle with the unknowns. That’s why we developed this guide – to help decision makers like you evaluate and address these concerns.
Download the eBook: Self-Funding Without Fear™.
Together with our insurance broker partners, we put together this guide to assist those seeking to lower costs (for the company and for employees); to provide better plan options and/or service; and to give health care decisions to the employees, rather than the insurance companies.
In this guide, you’ll learn:
- How to evaluate the risks of self-funded versus fully insured health plans;
- How a well-crafted self-funded plan can serve as a safety net to prevent ballooning costs, improve employee satisfaction, and benefit your bottom line – not the insurance company’s;
- How to build a team to drive your plan’s success; and
- How to quantify the opportunity for a self-funded plan and whether it’s right for your business.
Download the eBook: Self-Funding Without Fear™.
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Contact Us
READY FOR THE CURE?
Whether you’re a plan sponsor looking to cut costs and improve care, or a patient curious about what HaloScrips can do for you, reach out and let’s start the conversation. We’re excited to talk with you!
Phone – 800.901.4195 (available 24/7 for general inquiries or patient support)
Email – [email protected]
Address – 266 South Cleveland Street, Suite #203, Memphis, TN 38104