Self-Funded Insurance Cuts Dealer's Costs
January 14, 2019
When Joey Huang, co-owner of Great Lakes Auto Network in Ohio, looked at the cost of providing health care insurance to his almost 300 employees, he figured there must be a cheaper alternative.
What he found — self-funded insurance — has cut employees’ premiums by thousands of dollars a year, saved the group more than $1.8 million over six years and helped Great Lakes expand from three dealerships to six, doubling its work force along the way.