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Self-funding allows employers to deliver benefit funds directly to their most important assets: their employees, without the restrictions and exclusions found in traditional plans.
Freedom from insurance company rate hikes and costly administration reduces your plan overhead and simplifies the benefit process. Companies with less than 100 employees who purchase an insured dental plan often have 40% of the premiums going into costly overhead, commissions and profit instead of dental care for employees. Better use of these funds with self-funding brings superior benefits to your employees.
The low yearly maximums and higher patient co-payments make traditional dental plans merely a funding mechanism for the employer rather than an insurable risk. Insurance is appropriate for hurricanes and heart attacks but not for routine dental cleanings and fillings. Self-funding low risk dental expenses is one of the most practical business decisions an employer can make.
Today you can get off the insurance premium roller coaster and take control of your benefits.
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