In a self funded health plan for a commercial company, which entity bears the risk for the medical costs? A. Health Plan B. Federal Government C. Member D. The company purchasing the insurance
In a self funded health plan for a commercial company, which entity bears the risk for the medical costs? A. Health Plan B. Federal Government C. Member D. The company purchasing the insurance
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
- In a self funded health plan for a commercial company, which entity bears the risk for the medical costs?
A. Health Plan
B. Federal Government
C. Member
D. The company purchasing the insurance
Expert Solution
Step 1
Self-insured or self-funded organizations do not acquire health insurance from an insurance company. Self-insurance is the coverage given by an organization seeking coverage for its members, such as an employer providing medical benefits to his staff.
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