Fully-insured plans offer no control, no transparency, and no data. You prepay for claims (whether they occur or not), reserves, taxes, and carrier profits. If you have any large claims, you can expect huge increases in renewals. But even in a good year, your premium will still increase. You can’t win.
When you self-insure, you pay your employee claims directly. You cover your actual costs and save money. Money to invest back into your business and your success.
But self-insurance has to be done right. If you go at it alone, you take on the risk of having to pay ongoing and catastrophic claims. Ordinary stop-loss insurance won’t always protect you.
That’s why ParetoHealth created the nation’s largest health benefits captive—to make claims risk protection affordable so employers like you can be empowered by the savings in self-insurance done right.