Self-Funded Flexibility

Written by Builder Benefits

October 1, 2024

Discover the Flexibility of Self-Funded Health Plans

Empower Your Business with Customizable Health Insurance

Explore how self-funded and partial self-funded health insurance plans offer unparalleled flexibility and control, tailored to meet the unique needs of your business.

Key Features of Self-Funded Plans

Cost Control

Gain greater control over healthcare expenses by paying only for the healthcare services your employees use.

Customization

Design a plan that fits your company’s specific needs, from coverage options to provider networks.

Transparency

Access detailed reports and data to understand where your healthcare dollars are going.

Risk Management

Implement stop-loss insurance to protect your business from unexpected high claims.

How Self-Funded Health Plans Work

Understand the step-by-step process of implementing and managing a self-funded health insurance plan.

1

Plan Design

Work with experts to design a health plan that meets your specific needs and budget.

2

Funding

Set aside funds to cover anticipated healthcare claims and administrative costs.

3

Claims Management

Monitor and manage claims with the help of a third-party administrator to ensure efficiency and cost-effectiveness.

Why Choose Self-Funded Plans?

Self-funded health insurance plans offer significant advantages over traditional plans. Here are some compelling statistics:

  • 95% of employers reported increased flexibility with self-funded plans 95% 95%
  • 85% of companies saw a reduction in overall healthcare costs 85% 85%
  • 75% of employers were able to customize benefits to better meet employee needs 75% 75%
  • 90% of businesses experienced improved employee satisfaction 90% 90%
  • 80% of firms reported better control over their healthcare spending 80% 80%
  • 70% of companies noted enhanced transparency in healthcare costs 70% 70%

Ready to Customize Your Plan?

At Builder Benefits, we specialize in creating flexible, self-funded health insurance plans tailored to your company’s unique needs. Reach out to us to learn more about how we can help you design a plan that works for you and your employees.

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