The Mechanics of Self-Funding

May 27, 2023

In 2020, 67% of working Americans were enrolled in a self-funded health plan, compared to just 44% in 1999.

Self-funding is clearly a growing trend.

Sure, that stat doesn’t tell the full story.

But, with a self-funded health plan, your organization will see cost savings, easier administration of coverage, and better control over your finances while also giving your employees more flexibility over their services (Magnacare). Win-win, right?

In this guide to self-funding your health plan, you’ll learn the data-backed, tried-and-true answers to these common questions:

• Is self-funding right for my organization?
• How do I transition from a fully insured plan to self-funded coverage?
• What can I expect in my first year of self-funding?