SELF FUNDED HEALTH INSURANCE
WHAT IS SELF FUNDING?
Self-funding offers a strategic approach to employee benefits, providing significant cost-saving opportunities. Instead of paying fixed premiums to an insurance carrier, employers directly cover employee healthcare claims, managed by a third-party administrator. To protect against high-cost claims, self-funded plans incorporate stop-loss insurance. Waldo Agencies specializes in self-funding, helping you design a comprehensive plan that balances cost savings with risk management.
IS SELF FUNDING RIGHT FOR YOU?
Self-funding allows you to save money and reinvest in employee benefits
Switch to self-funding to avoid traditional insurance rate increases
Self-Funding allows you to be in control of your benefits program, not the insurance carrier
Waldo Agencies works with you to strategize a custom plan
Waldo Agencies provides consistent support and assistance
Waldo Agencies can utilize and expand traditional provider networks
Self-funding looks and feels like traditional insurance for employees and is easy to manage for your team
Self-funding allows you to save money and reinvest in employee benefits
Switch to self-funding to avoid traditional insurance rate increases
Self-Funding allows you to be in control of your benefits program not the insurance carrier
Waldo Agencies works with you to strategize a custom plan
Waldo Agencies provides consistent support and assistance
Waldo Agencies can utilize and expand traditional provider networks
Self-funding looks and feels like traditional insurance for employees and easy to manage for your team
STEPS TO SELF FUNDING:
> STEP 1: EDUCATIONAL SESSION
Immerse yourself in the world of self-funding with a comprehensive workshop led by Waldo.
> STEP 2: INTERNAL AUDIT
You and your Waldo representative will collaborate to develop a tailored plan for your organization.
> STEP 3: DISCOVERY
Waldo analyzes company strategic objectives and creates a plan to support them.
> STEP 4: KICK OFF
Waldo develops and launches a program designed to increase efficiency and reduce expenses.
> STEP 4: CONTINUED SUPPORT
Waldo offers comprehensive training and education to your team and provides support throughout the entire process.
TESTIMONIAL VIDEOS:
READY TO START YOUR EDUCATIONAL SESSION?
Take The First Step: Book Your Session With Brad
Find a time that works for both of us by using the scheduling tool. Book your free 30-minute Educational Session now and take the first step toward self-funding.
Have A Question?
Reach out below, and we’ll be in touch! You can also check out our FAQ for quick answers.
FAQ
Can you budget self-funded plans?
Yes, by using aggregate and advanced accommodation, self-funded plans can be budgeted in a way that is comparable to traditional insurance programs.
How do I protect myself from large claims?
Stop-loss insurance protects against large claims by covering costs above a predetermined threshold.
Does this create a lot work for my team?
No, by partnering with a skilled third-party administrator and strategic vendors, your team can offload much of the workload, preventing unnecessary burdens.
How does this affect my employees?
Self-funding offers a traditional insurance-like experience. Our proactive approach minimizes employee disruption.
What are next steps?
Sign up for an informative workshop to understand the factors involved in making a sound decision about self-funding.
What size employers can self-fund their health benefits?
Self-funding is not exclusive to large employers. Companies with 25 or more employees enrolled in their health plan may qualify for self-funding.