Description
Understand the advantages and potential concerns that come with selffunding and whether it’s the right decision for your organization.Healthcare costs are constantly on the rise, and the cost to employers and employees is only becoming more of a burden. Traditional insurance carriers often offset these increasing costs by raising copays and deductibles, and employers paying the premiums find themselves having to shift the increased costs to their employees. Through selffunding, however, employers can tailor the benefits offered to their employee populations, which can prove more costeffective for both employers and employees. Selffunding involves a more handson approach by involving buyin from employers and employees alike to fully realize its advantages. As a small tradeoff for the costsavings and ability to customize benefits to an employer’s workforce, employers and their TPAs must address certain plan design and compliance considerations. This material will provide a framework for the selffunding industry by describing the various concerns of which employers must be aware with an eye toward maximizing benefits while minimizing costs.
Date: 2021-08-05 Start Time: End Time:
Learning Objectives