Jack Craver writes for Benefits Pro about the increase of self-insuring healthcare benefits among small and mid-size businesses.
Read the full original article from Benefits Pro.
“The percentage of companies opting for self-funded health insurance rose from 28.5% in 1996 to 39% in 2015, according to a recent study by the Employee Benefit Research Institute. The most recent years of records indicate the trend has accelerated, particularly among mid-sized businesses.”
Historically, the financial and administrative barriers associated with self-funding have been too high for small-to-midsize organizations. However, the Nonstop Wellness program offers a partially self-insured option that removes these obstacles and saves employers a baseline of 12.5% annually, including the elimination of employee out-of-pocket expenses. Learn more in the Nonstop Quick Guide to Partial Self-Insurance:
