Self-funding with Wellfleet Student provides colleges and universities the opportunity to share in the health insurance risk — cutting out carrier profits, reserves, and taxes — and benefiting from working with one of the nation’s largest student health insurers.

Some advantages of self-funding include:

• Lower expenses and better-than-expected plan performance
• Elimination of carrier profits and many carrier-required taxes
• Plan flexibility — schools gain autonomy on plan designs and coverage options compared to heavily regulated fully-insured plans
• Ownership of the plan and its data, which means schools’ ability to impact plan costs improves