Self Funding: Risk vs. Reward

Self Funding: Risk vs. Reward

Self Funding has been around a while, yet is seldom talked about. With many firms saving $1000's each year by adopting a self-funded benefits strategy, it seems strange that this is the case... (More on this later) Starting with the basics: In a typical benefits arrangement, a company offers a selection of medical plans to employees. Under this arrangement, the employee can choose to enroll in a "sponsored" plan, and benefit from a discount: The portion of the plan, paid for by the employer. At ...