What Does Self-Insured Plan Mean?

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

Self-Insured Plan

Self-Insured Plan

A health insurance plan characterized by an employer (usually a large one), labor union, fraternal organization, or other group retaining the risk of covering its employees' medical expenses.

We hope the you have a better understanding of the meaning of Self-Insured Plan.

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