Self-funded or fully-insured health plans: what’s best for your company?

Healthcare strategyInsurance matters
Written By Youna-IHS Media Team

Choosing between self-funded and fully-insured health plans is a critical decision for your company’s financial health and employee well-being. Here’s what you need to consider:

Self-Funded Health Plans

  • Cost Control: You pay for actual claims rather than fixed premiums, potentially lowering your expenses if your workforce is healthy.

  • Customization: Tailor benefits to fit your company’s specific needs, enhancing employee satisfaction.

  • Transparency: Gain full visibility into your healthcare spending and claims data.

  • Risk: You assume more financial risk, which can be mitigated with stop-loss insurance.

Fully-Insured Health Plans

  • Predictability: Fixed monthly premiums simplify budgeting.

  • Simplicity: The insurance carrier handles all administration and claims processing.

  • Risk Protection: The insurer assumes all financial risks associated with employee health claims.

  • Limited Flexibility: Plans are standardized with less opportunity for customization.

What’s Best for Your Company?
If your business has a stable workforce and a strong cash flow, self-funding can offer significant savings and control. On the other hand, fully-insured plans suit companies seeking straightforward budgeting and risk protection without administrative complexity.

At Youna-IHS, we specialize in guiding businesses to the optimal choice by analyzing your unique risks, cash flow, and employee needs. Our customized global health insurance solutions and expert third-party administration services ensure your health benefits are both cost-effective and comprehensive.

Invest in a plan that aligns with your company’s goals and priorities—partner with Youna-IHS for clarity and confidence in your healthcare strategy.

To find the best self-insurance coverage plan for your organization, contact us now!

Youna-IHS Media Team

At YOUNA IHS, our mission is to ensure that our insured members obtain the best health protection available on the market at the best price. Our focus is on delivering high quality customer service, investing our efforts in our clients. Our philosophy? High level of expertise, local knowledge, human approach, use of new technologies.

WHAT WE DO:

- Third Party Administration: we specialize in providing a high quality medical network in Europe, where patients from across the globe enjoy the best possible medical treatments in a country of their choice.

- Health benefit consulting: for over a decade, we assisted clients around the world to design and manage comprehensive, international medical insurance plans.

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