Self-insured car insurance for personal vehicles is only allowed in 11 states and requires an application and proof of financial responsibility.
In the context of employer-sponsored health insurance coverage, a self-insured plan is one for which the employer has chosen to assume the financial risk for the enrollees' medical claims under the...
Learn how self-insured companies can use claims data to improve employee health and cut costs. Discover actionable insights and strategies for effective benefit
More than half of the non-elderly population is covered by an employer-sponsored plan, and almost 80% of large companies are self-insured. "I tell people, JPMorgan Chase already buys a $1.5...
In this article, we’ll explore the two most common ways to structure a health insurance plan, fully-insured and self-insured.
165 comments ; Employees of the health services offshoot of Telus Communications are only reimbursed for certain drug prescriptions if they fill them through the company's own virtual pharmacy, CBC News has learned. CBC News spoke with three employees of Telus Health who shared screenshots showing details of the new policy, which took effect March 1. It states that the company's "virtual pharmacy' is now the "preferred provider" for the group prescription drug plan, saying it has "lower markups and dispensing fees than the industry average." ...
At first blush, self-insured retention (SIR) policies may look like insurance policies with a large deductible. A business agrees to maintain its own insurance up to a certain limit. If the costs o...
Self-Insured Retention Plans often require security to be put up against the self-insured portion of the plan. Insurers agree to take a risk over a certain level, provided the company retains the r...
When employers want to offer health insurance to their workers, they essentially have two options: A self-insured plan—also known as a self-funded plan—or a fully-insured plan. This...
Self insured retention can help manage your corporate risk and reduce insurance costs. Find out the differences between a deductible, and get a quote by contacting us today.