self-insurance

(redirected from self-insure)
Also found in: Dictionary, Thesaurus, Wikipedia.

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 ?
Wilder holds more risk on general liability, he does self-insure property In fact, nearly 40 percent of the respondents either currently self-insure or are considering self-insurance for property exposures.
Nearly half of the respondents rank this factor as the most or second-most important reason behind the decision to self-insure.
Large plans were more likely to self-insure than small plans, so that self-insured or mixed-funded plans covered 72 percent of plan participants.
Among other results, the studies found that firms in relatively poor financial health were less likely to self-insure than better-performing companies.
The North Carolina Self-Insurance Security Association provides workers compensation benefits directly to eligible individuals in the event of a default by any member company that self-insures its workers compensation liabilities in North Carolina.
CEBCOR, an employee leasing company that self-insures its health benefits, has contracted with Access Health to provide the Personal Health Advisor to its employees.
Smedsrud said he was not aware of plans by any Minnesota company that self-insures to challenge the legality of HealthRight's funding mechanism, but added, "When millions of dollars are at stake, and there is clear legal precedent, do we really think a court battle won't be in the offing?