Self-insured healthcare plan

{
  "id": "MLC-T-ECS-001763",
  "term": "Self-insured healthcare plan",
  "field": "Economic statistics",
  "definition": "Healthcare plan whereby employers directly assume the major cost of health insurance for their employees.\n\nNote: Employers pay for employees’ medical claims, instead of paying premiums to insurance carriers. Self-insured plans can insure against large claims through the purchase of stop-loss coverage. Self-insured plans can also contract with insurance carriers or third-party administrators for claims processing and other administrative services.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/self-insured-healthcare-plan/"
}