So you’ve taken the plunge into self-funding. The first few months can be overwhelming, given the abundance of data at your fingertips. But that data can be powerful.
You probably found with traditional, fully-funded insurance, there is limited customization available when structuring the components of your plans, and you’re forced to bundle your plan to include the carrier’s offering for reinsurance, pharmacy coverage, managed care and wellness programs, among others. With newfound freedom from your carrier’s insurance bundles, there’s no better time to review your health and welfare insurance offerings and carve out the portions that would be better managed by third-party vendors.
