Medical bill A great advisor will have tools and strategies to reduce erroneous spending and ensure that you're only paying for the care your employees receive. (Photo: Shutterstock)

Though fully funded benefits plans may be the best choice for some businesses, self-funded plans can provide employers with unique tools that can help them access and use the data that is often hidden in the benefits industry. Carriers use data as justification to increase premiums – often dramatically – while keeping the specific numbers hidden from employers. As a result, business owners frequently pay more than necessary for the employees' care, all while being kept in the dark about why these additional expenses are imposed.

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