Could Self-Funded Health Plans Save You Money? Options and Risks You MUST Consider

Duration: 60 minutes

Are you fully insured and thinking about going self funded? Are you concerned about the risks? Or are you currently self-funded and wondering whether you should become fully-insured? Or perhaps partially funded? The bad news is that there’s no simple answer. The “right” choice depends entirely upon the specifics of your business. The good news is that you’re more likely to get it right if you really understand your choices.


No matter what happens with health reform, self-funding health insurance plans will continue to be a valid option for many companies. Now more than ever it’s worth taking the time to cut through the confusion surrounding them. You hear anecdotally about firms that cut their skyrocketing health costs in half. That would work for you, right? But … you also hear about self-funders that incurred catastrophic losses when – surprise!  too many employees got sick.

Are you fully insured and thinking about going self funded? Are you concerned about the risks? Or are you currently self-funded and wondering whether you should become fully-insured? Or perhaps partially funded? The bad news is that there’s no simple answer. The “right” choice depends entirely upon the specifics of your business. The good news is that you’re more likely to get it right if you really understand your choices.

With so much at stake – big savings if you make the right choice, big losses if you make the wrong one – it pays to arm yourself with the right decision-making tools. This course will provide them.

LEARNING OBJECTIVES

It will cover:

  • Fully insured plans – What they look like and the pros and cons
  • Partially funded plans – What they look like and the pros and cons
  • Self-funded plans – What they look like and the pros and cons
  • The importance of analyzing cash flow, utilization rates and employee demographics when deciding upon a plan
  • Key factors to consider when deciding “How much risk can we take?”
  • The importance of benchmarking
  • What is your claim cycle and the importance of knowing how your claims cycle
  • The choice between bundled (administrative services only) vs. the unbundled (TPA) approach
  • The role of stop-loss insurance to reduce the risk of self-funded plans
  • The difference between “specific” and “aggregate” stop-loss coverage
  • What Specific level and Aggregate levels are right for you
  • State Laws versus ERISA (Federal Law)
  • How do Dental and/or Vision plans fit in the self funded world

ABOUT THE SPEAKER

Yvonne Waterman is an SR. Account Executive with CBIZ Benefits and Insurance. She has over 20 years of experience with Self Funded and Fully Insured Plans. She has been on the Consulting side of the business for 14 years and on the Carrier side of the business nine years prior. Yvonne has recently spoken at the Savvy Self-Funded Conference in Kansas City, Missouri.

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Event Value Pack

Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

What You Get With Each Option close

Live Recording

Live Only

Participation in the live upcoming webinar

Recording

Recording Only

Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

Live and Recording

Live + Recording

Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

Event Package

Event Value Pack

Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

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