The infographic below (created and distributed by The Alliance) illustrates the strengths and benefits of self-funding for employers. Over 60% of U.S. companies self-fund their health plan, and this infographic depicts the potential savings over fully insured policies.
The Benefits of Self-Funding Infographic
“[Self-funding] is about making a decision to be more involved in proactively managing health and health benefits. Some of the benefits are only paying for what your employees actually use. You are not paying for an insurance company to hold the risk for your organization, and if you are actively involved in managing the health of your employee population, you and your employees reap the benefits of that.”–Cheryl DeMars, Alliance president & CEO.
For the past 20 years PLEXIS has served self-funded employer groups in 37 states across the U.S.A. (doing business in all 50 states). Employer groups consistently utilize the PLEXIS platform to coordinate more flexible benefit administration; improve the cost and quality of care; meet cost containment goals; and optimize transparency and risk management for self-funded success.
PLEXIS’ integrated clinical, financial, and administrative payer platform has a proven record of greatly enhancing operational efficiency and cost savings for healthcare payers. Learn more about our rules-based core administration + claims management engine, our suite of readily-configured business apps, and the cutting-edge services we offer as part of our full-service solution.