What Does Self-Funded Health Insurance Plan Mean?

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What does Self-Funded Health Insurance Plan mean? Read on to discover the definition & meaning of the term Self-Funded Health Insurance Plan - to help you better understand the language used in insurance policies.

Self-Funded Health Insurance Plan

Self-Funded Health Insurance Plan

A self-funded health insurance plan is coverage provided by an employer for their employees. Instead of purchasing the plan through an insurance company, however, this plan is entirely funded by the employer. The aim of the self-funded insurance plan is to cut costs, especially for large companies.

We hope the you have a better understanding of the meaning of Self-Funded Health Insurance Plan.

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