Although a whopping 98% of respondents believe a self-funding strategy will be best for their customers in the long-term, half still see the majority of their business coming from fully insured. (Image: Shutterstock)
"It's not you, it's me." It's a breakup conversation that's long overdue for employers still clinging to their fully insured health insurance plan. Unfortunately, too many employers are avoiding that conversation and still tricking themselves into thinking their relationship is solid.
"Traditional models no longer work, and the brokers and consultants on the frontlines are encouraging their clients to look at self-funded options for their benefit and the benefit of their employees," said Keith Lemer, CEO of WellNet, commenting on the results of WellNet's first annual Self-Insured Survey. "To educate and empower both the consultants and their clients, we must provide more awareness, education and research behind the successful adoption of alternative funding strategies that have a massive impact on the cost, quality and access to care."
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Emily Payne
Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
