According to a 2021 Kaiser Family Foundation study, 64% of U.S. employees with employer-sponsored health insurance are in self-insured plans.1 Most businesses with 200 or more employees are self-insured, with 82% of covered workers at these businesses enrolled in self-insured health plans. Among businesses with fewer than 200 employees, however, just 21% of covered workers are in self-insured plans (this is up from 13% in 2018, but a little lower than it was in 2020).1 Most small and mid-sized companies use fully insured health plans like Anthem, Blue Cross or Aetna which command high premiums. Increasingly, small to mid-size companies are switching from a fully -insured health plan to self-insured health plan model which can deliver up to 25% cost savings in the first year.
Self-funded employer health plans offer greater flexibility as plans can be custom designed to meet the unique health needs of the employee population.
Marpai is a SMART Third Party Administrator (TPA) with focused solutions for small and medium sized businesses including exclusive AI-Powered services. Marpai makes it easy to have a self-insured plan and delivers high value for every dollar spent.