To improve the healthcare experience for users, some healthcare plan vendors are finding ways to make seeking, receiving and paying for care more manageable. This is good news for benefit managers looking to cut costs without sacrificing quality of care.
Increasingly, self-funded healthcare plans are becoming more appealing for employers seeking to ease high costs and have more flexibility. According to a benefits survey by KFF, 65% of employees are now covered by a self-funded plan, under which employers provide health benefits directly and cover employees’ claims, rather than paying premiums to insurance companies. While this increases the financial responsibility, it also gives the employer more control over the plans they provide.
