self-insurance


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self-insurance

a system whereby hospitals or health professionals may, in lieu of commercial insurance, assume financial responsibility for their liability.

self-insurance,

n the setting aside of funds by an individual or organization to meet anticipated dental care expenses or dental care claims, and accumulation of a fund to absorb fluctuations in the amount of expenses and claims. The funds set aside or accumulated are used to provide dental benefits directly instead of purchasing coverage from an insurance carrier.
References in periodicals archive ?
Initially, the self-insurance plan for small employers will be offered only in Arkansas, but the company is working on rolling out the plan in seven or eight other states during the next six to 12 months, Stock said.
At this point, the NAIC is working to finalize a white paper discussing concerns associated with the small employer self-insurance marketplace, he said.
He explained, "The growing interest in self-insurance among large-size firms pre-dates the Affordable Care Act.
Dionne and Eeckhoudt, 1985), which suggests that higher levels of risk aversion lead to a higher likelihood of mitigation as well as more extensive mitigation measures once the decision is made; the substitution hypothesis, which suggests that self-insurance and market insurance are substitutes (e.
For workers' compensation self-insurance alone, the value of LOCs outstanding is probably in the order of $20 billion to $25 billion.
To legislators, the membership became the "Voice of Self-Insurance" in Tallahassee and gained majority representation on the Florida Department of Labor's Self-Insurance Rules Advisory Committee.
Depending on your current health status, your comfort level, functionality, disability level, and your ability to earn money, you may want to use a combination of self-insurance and commercial insurance plans designed specifically to cover catastrophic events.
Still, given the lingering mercantilist mindset (and interests) of some pressure groups and civil servants in emerging Asia, as well as these elites' unwillingness to recognize that the Asian currency declines of 1997-98 had some justification, their self-insurance policies will persist--despite being a bad deal for the economies involved.
For example, in today's competitive insurance market, where carriers are continually developing creative products and pure self-insurance remains a popular and effective option, parent organizations may select risk transfer strategies other than captives.
The self-insurance group alternative makes it possible for non-profits to become directly involved with the governance, investments, underwriting, risk financing and risk management services.
The Gephardt House draft basically adopts the Ways and Means Committee approach to self-insurance and municipal health pools, permitting employers of more than 100 workers and municipal health pools to self-insure.
He and other economists have drafted a health-care reform based on the notion that individuals and families are capable of shopping around in the medical marketplace and that tax law and government policy should actively encourage self-insurance through medical savings accounts, or Medisave.