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How Self-Funded Insurance WorksDoes the concept of self-funded insurance send shivers of confusion down your spine? Considering the fact that even its name is up for interpretation -- self-funded benefit plan… self-insured plan… partially self-insured plan? -- the confusion is common. But it’s all cleared up by watching this video! In just five short minutes, IAA President and CEO Paul Kelly tells you, in simple terms, what self-funded insurance is, how it works and why it might be your best option. He clarifies the complexities of self-funded insurance -- what it means for employers and employees, the responsibilities of a third party administrator and the differences between self-funded and traditional insurance. Learn about the flexibility that self-funded plans offer and the best way to reduce the risk of “catastrophic claims.” And most importantly, determine if self-funded insurance is right for your company.
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