by Kevin Ryan, Senior Vice President
As HR and finance leaders head into renewal season and plan for 2020, a Participating Funding Arrangement (PFA) can be a viable, and often overlooked, long-term solution.
Organizations we’ve worked with at EBS adopt a PFA for several reasons, including:
the ability to offer financial flexibility and more employee choice within their medical plan platform and offering
the flexibility in their employee benefit plan design, to customize the solution to employee preferences
In the video below, I unpack the key benefits of the PFA, criteria that make an organization ripe to adopt one and considerations for implementation. If you’re considering a PFA, start by watching this video, and then pop over to this blog post, “Participating Funding Arrangements (PFAs): What Employers Need to Know to learn more. Feel free to connect with me on LinkedIn if you’d like to have another conversation.