Insurance Glossary

Email Print This Page bookmark
Font : A-A+

Insurance Term - Self-insured Plan

The self-insured employer assumes risk for healthcare expenses in a plan that is self-administered or administered through a contract with a third-party organization. This form of coverage is regulated by the Employee Retirement Income Security Act of 1974, USA. Hence, self-insured health plans fall under federal, rather than state, regulation. Some self-insured plans bear the entire risk. Other self-insured employers insure against large claims by purchasing stop-loss coverage. Minimum Premium Plans (MPP) are included in the self-insured health plan category. All types of plans (Conventional Indemnity, PPO, EPO, HMO, POS and PHOs) can be financed on a self-insured basis. Employers may offer both self-insured and fully insured plans to their employees.

Health Insurance Topics

Get Health and Wellness Secrets from Our Engaging eBooks

Insurance Glossary A-Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Stay Connected

  • Available on the Android Market
  • Available on the App Store