Home > Term: self-insured
self-insured
A type of insurance arrangement where employers, usually large employers, pay for medical claims out of their own funds rather than contracting with an insurance company for coverage. This puts the employer at risk for its employees' medical expenses rather than an insurance company.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: PBS
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Creator
- Jessehe
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