When agencies start down the path of self-funding, many are mesmerized by the large cost savings and the fancy cost containment strategies they can employ. However, very rarely, will agencies hear about how this impacts both internal and external business processes.
A team at J Donovan Financial tackled these topics during a morning session at BenefitsPRO Broker EXPO 2021 and said there is both a glamorous side to these strategies as well as hidden costs. "We always head big ideas on self-funded when we used to go to conferences and never understood actually how to do it," said Chelsea Whalley, COO and partner at J Donovan Financial.
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