Why virtual care is an essential part of self-funding
This article was published on May 14, 2018 on Employee Benefit Adviser, written by Kelly Bliss.
Does this scenario sound familiar? Facing a second consecutive year of double digit premium increases, a mid-sized financial services firm recently decided to self-fund, but still had some trepidation over the prospect of becoming self-insured.
This was entirely understandable, as the company had been forced to make the decision while flying blind. Absent detailed utilization data, how was management supposed to know if they had opened themselves up to substantial risk?
As I explained to the firm’s VP of HR, much like stop-loss coverage, a comprehensive virtual […]