Mechanics of Self-Funding
Understanding why and how to self-fund your organization’s health plan
In 2020, 67% of working Americans were enrolled in a self-funded health plan, compared to just 44% in 1999.
Self-funding is clearly a growing trend.
Sure, that stat doesn’t tell the full story.
But, with a self-funded health plan, your organization will see cost savings, easier administration of coverage, and better control over your finances while also giving your employees more flexibility over their services (Magnacare). Win-win, right?
In this guide to self-funding your health plan, you’ll learn the data-backed, tried-and-true answers to these common questions:
- Is self-funding right for my organization?
How do I transition from a fully insured plan to self-funded coverage?
What can I expect in my first year of self-funding?
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- Self-funding basics
- Managing cash flow
- Preparing for renewal
- Accessing and analyzing data
- Containing costs and mitigating risk
Your Self-Funding Experts
SVP & Advisor
With his Certified Employee Benefit Specialist (CEBS) designation from Pennsylvania’s Wharton School, Paul focuses on developing quality relationships with clients like you.
With a background in finance and football, Brandon has a dynamic approach to advising. Another CEBS designate, he brings strategy to benefits consulting, using analytics to provide financial advice.
This Indiana University graduate is passionate about helping people make big, data-backed decisions. Ellie creates financial analyses for organizations and assists the team through the plan life cycle process.
Cameron’s expertise is in medical and pharmacy benefits, as well as population health management. With a degree in Kinesiology from Indiana University, he also holds his Life and Health insurance license.