The latest Healthcare Turnkey Solutions Broker Survey results point to increased opportunities in the self-funded market heading into 2021. According to the survey, 94% of brokers have clients asking for information about self-funded plans (if you’re part of the 6% of brokers yet to explore self-funding options for your clients, what are you waiting for?).
Brokers pursuing self-funded and alternatively funded options (like referenced-based pricing and captives) say the main reason for entering the self-funded market was for market growth opportunities. 1 in 2 brokers surveyed indicated that gaining insight into self-funded products was a top priority for employers today.
RGA’s survey reflects input from some of the largest brokerage firms in the industry. Here’s what they had to say about the future of self-funding:
As the demand for self-funded healthcare products continues to grow, EVHC understands what brokers need to succeed in this competitive market because we’re more than just a healthcare plan – we’re a strategic partner who’s with you every step of the way.
100% of survey respondents selected “market growth opportunity” as the primary reason for entering the self-funded market. The second reason was to retain current clients considering self-funding. Either way you look at it, self-funding is essential to your professional growth. EVHC is a strategic partner willing to go the extra mile to help brokers grow their business. Read about how we help brokers succeed when introducing self-funded options to employers.
According to the survey, brokers view network strength and competitive rates as equally important. The EVHC difference gives brokers access to the very best components – including online benefit management tools, pharmacy benefits, and the largest PPO networks in the country. EVHC plans are as unique as your client’s workforce.
1 in 3 brokers are looking for a self-funded partner to do the heavy lifting. From quoting and presenting to stop-loss placement and consultative services, EVHC ensures a “Just add water” approach to self-funding.
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