Business

JULY 3: Healthcare Reform: Self-Funding Your Business Pros and Cons

BY Arlene Weintraub | July 3, 2013

When San Jose, Calif.-based Bay Microsystems faced a 9 percent price increase on the health plan it provided for its 31 employees in 2012, human-resources manager Claudia Amendt didn’t go shopping around for a cheaper plan. Instead the company, which has provided health coverage for most of its 14-year history, switched to self-insurance and opted to pay the healthcare costs of all its employees directly, rather than offloading that risk to a traditional managed-care plan. As a result, Amendt says, Bay’s health-insurance premiums actually decreased by 10 percent. “Insurance is one of those costs that just keeps going up and up,” Amendt says. “At some point, you have to get creative.”

Read more: http://www.entrepreneur.com/article/227201#ixzz2Y0IKGHxt

 

 

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