Employee Benefits Blog

The 3 Main Differences Between Fully-Insured and Self-Funded Plans

Written by Mike Kroupa | Jun 12, 2024 10:18:48 PM

Do you ever feel like there could be a Webster's dictionary dedicated to the health insurance industry? There are terms thrown out left and right that require a google search...and don't get me started on acronyms.

Two of the most utilized terms are Fully-Insured and Self-Funded. How should you determine which one you should be as an employer?

It starts with understanding how the two are different. In this short video, I break down the three main differences between Fully-Insured and Self-Funded employers.