posted by Sharon on .
Compare cost control strategies of
employer-sponsored (employers buy from insurance companies) to self-funded
(employers cover costs of benefits) health plans. Include the following factors:
Third party administrators
Also discuss how the following affect cost control within group health plans:
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Self-funding is an alternative to fully insured group health insurance plans. Instead of an insurance company collecting premiums and paying your claims, the company funds the program, sets the rules and has control over paying claims. More than 60 percent of U.S. companies offering benefits use a self-funded program.