Once you have determined the best plan to implement for your company, the next step is figuring out how to pay for these benefits. Many employers have negative experiences with ‘self funding’.
It is important to understand that ‘self funded’ is only one point on a larger funding continuum. The decision on how to fund claims of differing benefit programs is based up on the statistical viability or predictable nature of your claims.
Bottom line: if armed with the proper knowledge, you are empowered to accurately predict your own claims.
At Kainos, we help our clients fully analyze all options on the funding continuum.
We also provide excellent reporting to help clients make an easy decision about what type of funding makes the most sense for them.Learn More About Our Reporting