self-insured


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self-insured

self-insured

adjective Referring to the practice of carrying an individual health insurance policy for oneself; self-insurance is typically more expensive than group insurance.

self-insured

Self fund Health insurance adjective Referring to the practice of carrying an individual health insurance policy for oneself; self insurance is usually more expensive than group insurance

self-insured

Having personal financial responsibility for health care costs, as a result of dedicated savings or investments.
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References in periodicals archive ?
Roe told House Rules members that he himself has offered a self-insured health plan.
Many sponsors of self-insured health plans use stop-loss insurance, or insurance for insurance plans, to shield themselves against the possibility that some enrollees might need organ transplants, or a life-or-death medication that costs $100,000 per year.
And there have been innovations such as level-funding, a self-insured approach that works more like a fully-insured plan on the employer side, while still allowing for cost savings and plans tailored to the business' work force.
Self-insured health plans allow employers to pay for individual employee health claims out of pocket, rather than as a monthly fixed premium to a health insurance carrier.
Massachusetts, the only state to have enacted reform similar to PPACA, has seen an increase in workers in self-insured plans among all firm sizes, except among workers in firms with fewer than 50 employees, EBRI notes.
Both new pharmacy benefits options are available now to self-insured employers.
And the brutal truth is that so are the businesses that formed the self-insured groups in the first place, under the dictates of New York statutes.
Those would be retired by assessments to self-insured entities operating in New York.
Self-insured groups are designed to provide the benefits of self-insured companies to like organizations without the size or ability to self-insure on their own.
Rate regulation will not help these struggling self-insured employers or those covered by the state's own nonprofit fund.
Recently there have been a number of court cases around the country where health insurance agents and brokers who sold ERISA self-insured health plans are being held liable for their client's group health claims.