GITNUX MARKETDATA REPORT 2024

Self Funded Health Insurance Statistics [Fresh Research]

Statistic 1

"61% of U.S. workers with employer-sponsored health insurance were in a self-funded plan in 2019."

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Statistic 2

"17% of covered workers in small companies (under 200 employees) were enrolled in a self-funded health plan in 2020."

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Statistic 3

"80% of covered workers in larger companies (over 5000 employees) were enrolled in a self-funded health plan in 2020."

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Statistic 4

"The average monthly premium for self-funded health insurance in 2020 was $697 for individuals and $2,004 for families."

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Statistic 5

"Self-funded health insurance plans on average cover 36% of employees, while fully-insured options cover 64% of employees."

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Statistic 6

"79% of private sector establishments with self-funded health insurance in 2019 had a stop-loss policy."

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Statistic 7

"In the Northeast region of the United States, 45% of companies were self-insured in 2019."

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Statistic 8

"In 2020, 39% of firms with multiple locations self-funded at least one plan, compared to 28% of single location firms."

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Statistic 9

"74% of businesses with 50 to 199 employees offering health benefits offer at least one self-funded plan."

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Statistic 10

"In 2013, self-funded plans saved U.S. businesses $6.24 billion."

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Statistic 11

"34% of college-educated workers are enrolled in self-funded health insurance plans, compared to 24% of non-college-educated workers."

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Statistic 12

"The percentage of employers with 100 to 499 employees offering self-funded health plans increased from 53.2% in 2018 to 55.2% in 2019."

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Statistic 13

"Employers in finance, insurance, and real estate sectors have the highest rate of self-funded health plan adoption at 60%."

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Statistic 14

"Employers in health care and social assistance sectors have the lowest rate of self-funded health plan adoption at 15%."

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Statistic 15

"In 2020, the average self-funded health insurance plan deductible was $1,331 for individuals and $3,236 for families."

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Statistic 16

"The percentage of self-funded employers using reference-based pricing was 17% in 2020."

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Statistic 17

"The average out-of-pocket maximum for a self-funded health plan in 2020 was $4,060 for individuals and $8,031 for families."

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Statistic 18

"Approximately 70% of non-union workers in the private sector are covered by self-funded health plans."

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Statistic 19

"In 2020, 12% of large firms (over 200 employees) offered both self-funded and fully-insured health insurance plans to their employees."

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Statistic 20

"In 2013, self-funded health insurance plans covered an estimated 60% of employees of companies with sales above $1 billion."

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