Self-Funded Insurance

Healthcare is a top expense at most companies.

Self-funded insurance designed by Byrne Insurance Group.

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Control your costs without compromising and negatively impacting the health of your employees. There is not a one-size-fits-all approach to insurance. Many businesses are looking for ways to lower costs while meeting the needs of their employees.

What is self-funded insurance?

Self-funded insurance plans allow the employer to collect premiums from enrolled and takes on the responsibility of paying employees’ and dependents’ medical claims. These employers can contract for insurance services such as enrollment, claims processing, and provider networks with a third-party administrator, or they can be self-administered. They can design plans that meet the needs of their employees.

What are the benefits of self-funded insurance?

There are a handful of benefits that come with self-funded insurance:

  • The monthly cost reflects the claims of the employees.
  • Opportunities to get money back at the end of the year.
  • More flexibility and control in customizing your benefits.
  • Not subject to certain government regulations.
  • Not subject to all taxes and fees.

Interested in learning more about self-funded insurance coverage? Contact us today to find out more.

Page Source:

Aetna.com

Self-Funded Insurance - Young Woman Signs Employment Agreements for Health Insurance in a Large Modern Office

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