What is Self?
Self Insured Advantage specializes in delivering self-funded health insurance solutions tailored for small and medium-sized businesses throughout New England. The company distinguishes itself by employing Self Insurance Certified Specialists® to demystify the complexities of self-insured plans for its clientele. Recognizing that health insurance represents a substantial operational cost for many companies, Self aims to provide employers with enhanced control over healthcare expenses and reduce overall insurance costs. This is achieved without necessitating a reduction in employee benefits or healthcare provider networks, and crucially, without increasing the company's risk exposure. Self effectively brings the sophisticated benefits and technology typically associated with large corporations to the small and mid-sized employer market. Their robust solutions integrate cutting-edge tools such as The Johns Hopkins University ACG® Predictive Model and the Healthcare Bluebook, which, when implemented effectively, lead to a demonstrable reduction in healthcare spending. Furthermore, Self partners with highly experienced administrators who offer exceptional member customer service, comprehensive wellness programs, and informative client portals, boasting an impressive annual client retention rate exceeding 90%.
How much funding has Self raised?
Self has raised a total of $661K across 1 funding round:
Debt
$661K
Debt (2024): $661K with participation from Customers Bank
Key Investors in Self
Customers Bank
Customers Bank is a financial institution that likely provides debt financing and banking services, supporting Self's operational and growth initiatives through strategic capital.
What's next for Self?
With the recent major strategic investment, Self is well-positioned to expand its reach and enhance its technological offerings. The company's focus on providing cost-effective, customizable self-funded health insurance plans aligns with the growing demand from SMBs seeking to optimize their operational budgets. Future growth is likely to involve further integration of predictive analytics and cost-management tools, solidifying Self's role as a leader in innovative employee benefits solutions. The company's ability to deliver large-company benefits to smaller enterprises, coupled with strong administrative partnerships, suggests a trajectory of sustained expansion and market penetration.
See full Self company page
