The More They Know

Educating your employees about self-funding

When it comes to educating themselves about their healthcare benefits, most employees focus solely on their plan options, costs and coverage details. While these are very important components of a plan, many employees lack the basic knowledge of how healthcare benefits work. Employees with a self-funded health plan are even less likely to understand the nuances of their plan, including how it is funded.

"Employers who self-fund their health plan may have a unique opportunity to save money by educating their employees about how self-funding works," says Judy Dawson, HealthLink Sales & Retention Executive. "If employees understand how their plan is funded, they may become more actively engaged in making healthcare purchasing decisions. This can save money for the employee and the plan."

Want to educate your employees about self-funding? Here are four topics to cover:

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