According to the Kaiser Family Foundation’s (KFF) Employer Health Benefits 2020 Annual Survey, more small businesses are turning to self-funded health plans to manage their health care benefit costs. KFF’s annual survey of employers provides a detailed look at trends in employer-sponsored health coverage, including premiums, employee contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices. Some of the findings include:
- 67% of covered workers, including 23% of covered workers in small firms and 84% in large firms, are enrolled in plans that are self-funded.
- The percentage of firms offering health benefits that are self-funded in 2020 is higher than the percentage (61%) last year.
You can read the complete Employer Health Benefits Survey report here. The “Report” tab contains 13 separate sections. You’ll find more information about self-funding in Section 10: Plan Funding.