More Control, Lower Costs: Why Breweries Are Turning to Self-Funded Health Plans

The average health insurance premium for families and individuals has increased more than 24% in the last five years, according to the Kaiser Family Foundation. And there's no sign of this slowing down.For breweries who want to provide good, affordable healthcare for employees these cost increases are a real problem.One option to lower costs and provide better benefits comes in the form of self-funded health insurance.Speaking from my own experience, self-funded health plans saved our company millions of dollars.Yes. Millions.What exactly is self-funded insurance? How does it work? How do I know if this will be right for my business?You've got a lot of questions, and Erin Butler from BevCap management has answers.  Listen to the podcast and check out the resources below to learn more.Key Points65% of covered workers in the U.S. have self-funded health insuranceSelf-funded insurance has been available in the U.S. since 1974, with the passage of the Employee Retirement Income Security Act (ERISA)Bottom line, self-funded insurance is not new nor limited to just a handful of large companiesResourcesWatch the video of my interview with Erin and download the self-funded health insurance presentation deckConnect with Erin to learn more about how you can lower costs and provide superior health benefits, [email protected]’s episode is brought to you by BevCap. At Beer Business Finance, we talk a lot about installing systems that improve profitability and health insurance should be no exception. BevCap helps beverage companies apply the same discipline they use across the rest of the P&L to employee benefits, helping create smarter plans, more visibility into costs, and significant savings over time. To learn more visit BevCapManagement.com. Ready to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies.