Consider Self-Funding Options When Renegotiating Health Benefits

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LAS VEGAS — Fully funded group health plans can be “a rigged system” on behalf of insurance carriers and benefit brokers, cautioned Steve Watson, SHRM-SCP, speaking at the SHRM Annual Conference & Expo 2021.

Many organizations are now renegotiating health benefits for 2022 with insurance carriers, or getting ready to do so, said Watson, CEO of Trendbreakers, a group health plan consultancy.

As an HR leader, he once had to tell employees that their premiums were going up 20 perc

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