Paul Fronstin, director of Health Benefits Research at EBRI, discussed ERISA and trends in employer self-insurance during a conversation with Managed Healthcare Executive recently.
In its 50th anniversary this year, the Employee Retirement Income Security Act (ERISA), continues to allow employers to self-insure their health plans, highlights Paul Fronstin, director of Health Benefits Research at EBRI.
Fronstin discussed ERISA and trends in employer self-insurance during a conversation with Managed Healthcare Executive recently.
While large employers tend to choose self-insurance for consistency across states, smaller and mid-sized employers are now adopting it since the Affordable Care Act.
However, some revert to fully insured models after poor experiences.
Employees benefit from self-insurance through consistent benefits nationwide, Fronstin said.
“(Employees) don’t have to think about a new plan, a different network, or changing prescription drugs,” he said.
While most large employers include state-mandated benefits such as IVF, exceptions exist, he said.
Overall, large employers tend to offer generous health plans. Fronstin concluded that understanding these dynamics remains key to evaluating the self-insurance model’s effectiveness.
Breaking Down Health Plans, HSAs, AI With Paul Fronstin of EBRI
November 19th 2024Featured in this latest episode of Tuning In to the C-Suite podcast is Paul Fronstin, director of health benefits research at EBRI, who shed light on the evolving landscape of health benefits with editors of Managed Healthcare Executive.
Listen
In this latest episode of Tuning In to the C-Suite podcast, Briana Contreras, an editor with MHE had the pleasure of meeting Loren McCaghy, director of consulting, health and consumer engagement and product insight at Accenture, to discuss the organization's latest report on U.S. consumers switching healthcare providers and insurance payers.
Listen
Aerobic Exercise Regimen Helps Menopausal Women Sleep Better
December 6th 2024Aerobic exercise, particularly static exercises like yoga and stretching, performed 70 to 90 minutes three times a week over eight to 10 weeks, can significantly improve sleep disorders in menopausal women.
Read More