Partial Self-funding pro's and con's

[Guest Donna Aisbet]

I work for a manufacturing company in Wisconsin. Because of the large increases in our health insurance from the past year and no relief in site from large increases in the future, my company is looking into a partial self-funding medical plan. We have 145 employees and insure most of them and there families. While we are not a difficult company to insure, we are not a young company. Average age here is 30-50 years old and we have a low employee turnover rate. Considering our size and age, would a partial self-funding plan be a good way to reduce our insurance costs. Also, what are the pro's and con's, and what surprises could we run into. We are working with a broker who we have been workking with for 20 years.