Self-Funding Doesn't Have to Be Scary
Alexander Goldfarb
Managing Partner of DSG Benefits Group | Proven Expert in Healthcare Cost Strategies | Distinctively Different
Jason Signor had a problem.
In 2018, Jason was the CEO of Caddis Healthcare Real Estate.
He was a frustrated executive who was watching his health insurance costs increase at an average clip of 17% per year.?In fact, from 2014 to 2018, Caddis’ insurance costs increased by 67%.
That year (2018), he was faced with a tough decision. He was dealing with another sizable increase and he had to decide whether or not he was going to pass the cost increase directly onto his employees...
However, he chose to go a different path. He engaged with DSG Benefits Group.
In the same year, he learned about another option called partial self-funding.?At the time he knew nothing about it but was willing to explore it to see if it could help his company reign in its expanding health insurance budget.
Like most executives, he was a bit skeptical but knew he had to do something before it was too late.
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In the link below, you can read the article from D Magazine where Jason shares the step-by-step approach his team took to leverage partial self-funding to help Caddis Healthcare Real Estate save 20-30% annually on its health insurance costs.
Step one was simple. Hire a benefits consultant who was able to guide his team through the process. The step seems simple but finding the right advisor isn’t easy.
Many health insurance brokers aren’t willing to guide their clients down the path toward partial self-funding. In fact, some will tell you it’s too risky, and staying with the security of a fully-insured plan is the way to go.
However, if you’re committed to controlling your health insurance budget, partial self-funding is going to give you the best chance of doing it, and it doesn’t have to be a scary process.
If you’ve been wondering if partial self-funding is an opportunity for you, I’d suggest we connect. If it can help a company like Caddis Healthcare Real Estate there’s a good chance it can help you.
Message me for more and we’ll connect!