Why have 70% of major companies have gone to group self-funded Health Care?
Answered by:
Health care is an incredibly complicated issue. Doctors want to be paid as much as possible, while the patients want the best care at the lowest price. Insurance costs continue to rise. Self funding can be a solution in the right scenario. Also, there are additional programs that very few know about that will allow the employers to utilize high deductible plans to lower their costs, while the employees can get their deductible covered at a net zero cost. This allows everyone to get the best of all possible worlds. This is a program that very few brokers are even aware of.
Michael Latone
from Cost Reduction Consultant - Stryde Solutions
Yes, you are correct. Self-Funded plans are starting to become more popular. We offer a low cost self-funded plan that includes a minimum of two W-2 employees and any number of associated 1099’s. We can offer more flexibility and savings from 10-30% when compared to other fully funded plans. Local companies looking to cut costs are endorsing Self-funded low cost group health insurance for their employees.
More answers from Bruce
