Self Funded Plans

With traditional health plans, your company pays a fixed yearly premium rate and you pay monthy premiums based on how many of your employees are enrolled in the plan. The insurer collects premiums and pays for healthcare claims based on the plan you have purchased for your group.

Self-funded plans differ in that the employer assumes a level of responsibility for the coverage of his employees, rather than an insurer, and buys a form of insurance known as either "stop-loss" or "excess-loss" insurance to reimburse them for claims that exceed a predetermined level.

The advantage of self-funded plans to employers are their flexibility and affordability compared to traditional coverage plans. At Eagle Ridge Services, we can help you determine whether a self-funded plan is right for you.