The most traditional type of Insurance plan. The employer pays a fixed premium to the Insurance Company for one year based on the number of employees enrolled. Plan renewal rates tend to be higher with this type.
The employer assumes financial responsibility for providing Health Insurance for its employees. This allows the company to retain dollars that aren’t needed when claim costs are low.
Combines the cost-savings and customization of self-funding with the financial safety and predictability of fully-insured plans.