There are many benefits to being a self-insured employer in general as long as the employer's maximum financial liability is identified and insured!

Benefits are as follows:

• The ultimate in benefit design flexibility
• All healthcare data is available
• Employers can determine their maximum liability, and receive refunds from unspent claim funds
• Employers can set up different premium contributions for employees based on wellness-based outcomes measurements
• Insurance company profit is retained by employer
• Healthcare analytics/predictive modeling, wellness, lifestyle risk calculator and any other clinical incentive systems reduce healthcare spending
• Many cost reduction systems are available only through self-insured contracts
• Many fully insured costs are removed"100% transparency
  • ERISA preemption in ACA
  • State mandated coverage cost is reduced
  • State insurance taxes are reduced
• Employers can manage the entire healthcare supply chain

Training - ERISA Academy - Vetting Self-Insured Products