Self-Funding Health Care Insurance: Welcome to an Episode of GOVCON EB Minute with Mike
Self-insuring your healthcare provides transparency in how your employees are using the plan and greater control over how those dollars are spent, providing an opportunity to save money over a fully insured plan.
- Fully-insuring is like your cable bill, where you pay the same amount monthly regardless of your usage.
- Self-funding is like your electric bill where you can control with your behaviors and impact your bill.
Please check the 2 minute video for more info!