Ep #491 Exploring Innovations in Stop Loss Self Funding - Daniel Cobb | ShiftShapers

The ShiftShapers Podcast

In this episode of the ShiftShapers podcast, we're joined by Daniel Cobb, Vice President of Sales and Strategy at Strategic Benefit Resources, to discuss the evolving landscape of Stop Loss Self Funding and the tech and data solutions supporting it. Cobb shares his journey from the mortgage business to insurance, emphasizing the significant changes and opportunities in self-funded health benefits plans. We discuss how the expansion of self-funded plans is now reaching groups as small as 25 employees. Cobb also explains the role of artificial intelligence in pricing stop loss, as well as the increasing demand for transparency and flexibility in health benefits management. Cobb also offers insights into how advisors can help clients transition to self-funding, the importance of understanding client needs, and other future trends in the industry. Business owners and executives - from large and small firms alike - stand to benefit from the important insights in this business podcast.

Key Takeaways:

• The expansion of self-funded health plans now includes smaller groups, with as few as 25 employees participating.
• Artificial intelligence and advanced data tools are crucial in pricing stop loss and expanding self-funded health plans to smaller groups.
• Advisors need to understand whether their clients are savings buyers or quality buyers to effectively present self-funding options.
• Transparency and access to first-dollar claims data are key benefits of self-funding, allowing for better management of healthcare costs.
• The future of self-funding involves greater access to data, regional variations in plan management, and continued evolution of high-performance health plans.

Strategic Benefit Resources: https://www.strategicbenefitresources.com/

Thank you for tuning into this insightful episode of Shift Shapers. If you enjoyed our conversation with Daniel Cobb, please rate, follow, share and review our podcast. Stay tuned for more episodes where we explore the latest trends and innovations in the health benefits industry.

Chapters

1. Shift Shapers Podcast Interview (00:00:00)

2. Navigating Self-Funding for Smaller Groups (00:10:22)

3. Opportunities in High-Performance Health Plans (00:25:10)