Employers and insurance brokers can learn more about self-funded health benefits at a free symposium July 20 that's being offered by ProviDRs Care Network.
The symposium is designed to provide information about self-funded plans and to connect those attending with the resources available, said Karen Cox, ProviDRs Care chief operating officer.
It will be from 7:30 a.m. to 1 p.m. at the Wichita Airport Hilton.
Self-funding is "kind of a mystery to a lot of people," Cox said, with many believing that only large employers can use self-funded plans or that going self-funded means assuming 100 percent of the risk.
"Neither one of those things are true."
Businesses with self-funded plans pay for the care actually used; stop-loss insurance is purchased for claims that exceed a certain amount. That compares with traditional health insurance in which a monthly fee is paid for care an employee might receive.
Many employers who self-fund use a third-party administrator to assist with claims and to access provider networks, utilization reviews and other services. Cox said several third-party administrators will have exhibits at the symposium.
More information, including registration, is available at www.ProviDRsCare.net or by calling 316-683-4111.