Self-Funded Health Insurance
The rising cost of group health insurance is being driven by many factors: regulation, taxes, provider/prescription expenses and over-utilization to name a few. Self-funded (and, self-insured) group health insurance enables an employer to un-bundle the financial mechanisms of insurance to achieve the lowest administrative costs possible. The most successful self-funded health insurance also controls claim costs through effective on-going plan management.
Self-funding a health plan requires budgetary forethought, regular analysis and vendor management. KBM provides consulting services designed to assist fiscally responsible employers with the insurance expertise required to design, implement and manage a successful self-funded health insurance plan.
Typically, large employers utilize KBM’s complete plan management services to ensure on-going oversight. Our self-funded clients include consortiums of school districts, individual districts, counties and other large municipal entities, as well as large (200+ employees) private employers. Employers with as few as 100 employees use KBM’s services for alternative self-funding models such as employer funded HRAs and Captives.
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