Is it right for your client? That’s a great question.
There are many pieces that need to be considered when thinking about converting your client to a self funded program. As we mentioned earlier, an employer should have at least 100 covered employees on the medical plan before they should start thinking about self funding. If possible, a couple of years without having experience many large claims is important as well.
Outside of that, this is a really hard question to answer with a broad approach. Really, the best thing to do is contact us to ask. We can have a discussion to determine whether or not this is a good year to propose this to your client. If it’s not, then you can report that to your client with confidence, providing them with specific reasons why it isn’t a good fit. And remember, it’s guaranteed that even if your client doesn’t work out to be a good candidate, it is still hands off for us. We will never approach them without your consent.