Self Funded Plans
What is a Self-Funded Plan?
Self Insurance
In a Self-Funded Health Care Plan, the employer provides health or disability benefits to employees using the company’s own funds
In a Self-Funded Health Care Plan, the employer provides health or disability benefits to employees using the company’s own funds
Self-Insured employers pay for claims out-of-pocket as they are presented instead of paying a pre-determined premium to an insurance carrier for a Fully Insured plan
Who is it Best For?
Some employers chose self-insured because it makes them more aware of their risks. Businesses can analyze their risks and how much money to save based on past and future analyses of risk in both the short and long term.
