Self-insurance: your security, your choice, your control.

WHAT IS SELF INSURANCE?

Unlike the traditional “fully insured” group insurance plan, in a self-insured plan, the company assumes the entire risk of the plan, using the premiums to build up reserves from which claims are paid. The company owns the reserves and keeps surplus premiums. With a self-insured plan, the company avoids paying certain profit margins and risk premiums to insurers.

It’s a proactive approach that puts the employer at the heart of benefits management.

Self-insurance doesn’t mean you’re on your own. We’re there for you every step of the way, offering expert advice and ongoing support.

The advantages of self-insurance

1. 1. Provides an opportunity to control costs associated with health and dental insurance in your group insurance plan; 

1. 2. Significantly lower administrative costs than traditional insurers; 

1. 3. Recurring savings thanks to self-insurance; 

1. 4. Premium assessment based on actual claims, eliminating the risk and profitability fees charged by traditional insurers.

Would you benefit from a self-insured plan?