This article was published on May 22, 2018 on Employee Benefit News, written by John Milne. Photo Source: Employee Benefit News.
Small and midsize businesses seeking flexible benefit plans for their employees that also provide a means to contain costs often feel their options are limited. The fully insured world restricts flexible and creative plan options, and many employers are stuck in a cycle of paying steep increases year over year because they’re being pooled with many other small plans.
A traditional self-funding model might also be out of the question without solid claims data to understand risk and your potential monthly claims.