Karen Sargent Discusses Self-Insured Health Plans with ABA Journal

02.29.2016

Raleigh office manager Karen Sargent was recently quoted in an article in the American Bar Association Journal about a growing trend in law firm employee benefits: self-insurance.  The article, titled "More law firms find savings, stability through self-insurance," discusses the increase in self-funded and self-insured health care plans among law firms in light of new regulations and higher premiums brought on by the Affordable Care Act.

Sargent relays Brooks Pierce's decision to self-insure through the NC Bar Association Health Benefit Trust as a reaction to a 26% jump in premiums.  Health care renewals at that time had become "a roller-coaster ride," she says, but notes that joining the Bar Association's plan has significantly lowered yearly premium increases for Brooks Pierce employees.

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