Self-Funded (Self-Insured) Plan
Definition:
This is a healthcare program which employers, pay specific health care charges for their employees, rather than insuring them. The Self - funded is self administered, in other cases the employer might contract a third party administrator.
Part of speech:
Noun
Synonyms:
ASO
Administrative Services Only
Use in a sentence:
Healthcare programs such as Self Funded ones, are self - managed.
Example For Phrase:
Self Funded Plans, are in some cases, managed by a third party which has been contracted by the employer.
