Health Care: Why are so many companies self-funded? Because it costs more? Really?

[Skwmom]

Self-Funding. Sixteen percent of covered workers at small firms (3-199 workers) and 83% of covered workers at larger firms are enrolled in plans which are either partially or completely self-funded, similar to 2012 (15% and 81%). Six percent of firms offering fully-insured plans report that they intend to self-insure because of the ACA.

Self-funded health care also known as Administrative Services Only (ASO) is a self insurance arrangement whereby an employer provides health or disability benefits to employees with its own funds.

I've worked for a business that was self-insured and no one would accuse them of opting for a more expensive plan.


http://kff.org/report-section/2013-summary-of-findings/

[SheilaT]

1. I worked for several years for a company

with a self-funded health care plan. It was very good.

[YabaDabaNoDinoNo]

2. I worked for 2 companies that switch to self insured after I had started

I left both companies because the health insurance went to crap and I had to pay more out of pocket

I will never work for a self insured company again