You should not self-fund your health insurance plan without this

When I talk to employers that are hesitant about self-funding their health insurance plan, it's usually because they think it's too risky.

And that feeling of risk always boils down to 1 thing...the what if scenarios with a large claim.

• "What if someone needs a transplant or one of those uber-expensive drugs I keep hearing about? How can we afford that?"

Sure, when you are fully-insured you pay the same premium each month, even if you have a large claim. What you may not know is the key to self-funding your health insurance plan is buying a fully-insured policy for large claims, and it's called stop loss insurance.

And if you are an employer that is considering self-funding, the first step is understanding how the two types of stop loss insurance work. Learn how both work in the video below: