For Employers

Self-Funding

Under self-funding, employers participate in claim payments. Rather than paying a full premium each month to an insurer and then having the insurer pay the claim, self-funded accounts elect to pay all or part of each claim depending on the employer's contract and terms of payment.

How Self-Funded Coverage Works

Self-funded plans provide several benefits over traditional plans.

Employers can determine the type of coverage they wish to provide for their employees.
They allow for greater control over the plan's operation.
In many cases, self-funded plans save money compared to fully insured plans.
They tend to be less expensive to administer than traditional coverage.
Self-funded plans are not subject to state premium taxes.

NBPA specializes in the design, implementation and maintenance of partially self-funded health, disability, dental and vision plans, along with fully insured life, AD&D and long-term disability plans. View our brochure.

For more information or to request a proposal, call 1-800-340-6881.