Surviving ACA: Reasons for Seeking Self Funding Options


This series is written as a supplement to our free webinar to be held on Tuesday, September 1.  You can register for our webinar by clicking here.

In today’s business climate, managers need befits solutions as resourceful and cutting-edge as the organizations they run.  For many employers, prepackaged fully insured health plans do not provide the greatest value to meet their organizations’ needs.  Employers of all sizes are looking to mold their plans around the requirements of their businesses.  In addition, employers are looking at ways to avoid cost and regulation increases due to the Affordable Care Act (ACA.)

There are many reasons why employers may ditch a traditional plan system and self fund.  Small to mid-sized employers might want to avoid risk charges and state premium taxes.  Large employers may want to administer their benefits plans themselves and grow their cash flow by holding their reserves in an interest-bearing account.  Multi-state employers might want to free themselves from the burden of complying with the insurance regulations of multiple states.  Employers of young, healthy workforce may be looking to capitalize on their advantages by saving health insurance.  One key reason employers are choosing to self-fund is to avoid the community rating standards set by the Affordable Care Act.

Because each business is unique and requires its own set of insurance solutions, diversity in provided benefits plans is needed.  For many employers it may be far more beneficial to pursue self-funding as a benefits solution.

AUI welcomes the opportunity to help your organization examine its plan designes and make recommendations for improvement.  To set up your free consultation please contact us here.

We do more than cover small businesses and individuals with the right insurance policies and benefit plans – what motivates our team is helping you save more so you can invest more in your team, family, and goals.

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