Definitions for "Self-Funded Plan"
a plan where the employer has set aside a pool of money and placed it into an account for the purpose of covering various types of claims
a program which allows a financially secure employer to assume the risk for health care costs instead of transferring the risk to an insurance company
A health plan under which an employer or other group sponsor, rather than a Managed Care Organization or insurance company, is financially responsible for paying plan expenses, including claims made by group plan members. Also known as a self-insured plan.