Changing the Way We Fund Group Health Insurance with Mike Bechtol

In this episode of the Insurtech Building Blocs podcast, host Cory Schmidt and guest Mike Bechtol from Bravo Health Partners discuss the challenges of employer health insurance, particularly in light of rising costs. They explore alternative funding models, such as level-funded and self-funded group health plans, the intricacies of reference-based pricing, and the importance of data in managing healthcare costs. The conversation also highlights the significance of employee benefits in attracting talent and shares success stories of businesses that have effectively navigated these challenges.

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Chapters

• 0:00 Introduction to Employer Health Insurance Challenges
• 4:04 Understanding Level-Funded and Self-Funded Models
• 10:15 Navigating Reference-Based Pricing
• 13:56 Geographic Considerations for Health Plans
• 16:26 Engaging Advisors in the Quoting Process
• 20:15 The Importance of Employee Benefits
• 21:28 Employee Experience in Level-Funded Plans
• 27:53 Utilizing Data for Cost Management
• 29:50 Success Stories and Future Trends