Small employers with fewer than 50 employees can design their own health insurance plans instead of accepting a carrier's fixed terms. Self-funded plans let you set your own deductibles, copays, emergency room charges, and out-of-pocket maximums to match your workforce and risk tolerance.
So, you know, when you're especially small group under 50, the insurance carrier will tell you your deductible is $500, your maximum out-of-pocket is $7,000. You have $25 copays, your emergency room is $600. Whereas if you're self-funded, you can say, eh, that emergency room's a little bit high, let's bring it down a little bit and it'll be $300. Or it won't go towards deductible first, or that $7,000 maximum out-of-pocket is a little too high or too low, you want to see it higher. So you've got, you can pretty much script, we call it scripting, make it however you want to make it.
So you get the ability to kind of write whatever you want.
