3 Myths About Self-Funded Insurance
Transparent Health Benefits
It's commonly said that self-funded insurance is best suited for large firms. There are some inherent benefits to self-funding for larger firms — it's easier to predict costs with more data, and more workers creates a bigger pool to cover risk — but it's by …
How to Build a Self-Funded Health Plan
Some employers may have held off on self-funding a health plan because they felt they were too small to service and couldn't do it on their own. However, transitioning from a traditional plan to a self-funded plan doesn't have to be a solo process. While …
Why Fully Insured Plans Only Benefit Carriers
The fully insured health plan model hasn't been working very well for employers or employees. Premiums keep going up, but benefits stay the same. Carriers have the data to help reduce employers costs — they just don't have the incentive. Fed-up employers are starting to …
Why Employers Are Giving Up on Fully Insured Health Plans
The tenets of a fully-insured health plan should be very familiar. Employers pay monthly premiums to a carrier for a menu of covered benefits. The carrier pays for healthcare out of those premiums, but employees also pay — sometimes so much that health insurance doesn't …
The Cost-Saving Power of Health Care Data
It’s a common-sense, widely held business principle: What is not measured cannot be managed or improved. Yet, while most employers regularly capture and analyze data about everything from website performance to travel expenditures, few are doing the same for one of their largest expenses: health …
Why Transforming Clients’ Data Into Insight Is Critical
Kaushik Bhatta
It's hard to imagine a situation where consumers would make a purchasing decision without extensive research beforehand. Consumers spend an average 79 days researching a major purchase before buying, yet once a year, they're expected to tick a box that will determine how much they …
