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Freddie

(9,259 posts)

12. My employer does this

Reply to PumpkinAle (Original post)

Mon Mar 31, 2014, 10:47 PM

Mar 2014

I'm benefits admin. Started it 2 years ago after being with a BC PPO for many years. BC still administers, employees still get cards from them, they really see no difference. It's done through a 3rd party administrator. They also keep a catastrophic component in case someone needs a heart transplant or such. Has (supposedly) kept our premiums from rising as much as they are somewhat "eliminating the middleman". Very common with large employers like school districts.

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19 replies

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Self-Insure [View all] PumpkinAle Mar 2014 OP

Do you mean... cyberswede Mar 2014 #1

Self insurance means that the company acts as the insurance company in paying bluestate10 Mar 2014 #10

Moving to a self-Insured plan is not a bad thing by itself. M0rpheus Mar 2014 #2

Thank you PumpkinAle Mar 2014 #3

If you have any ongoing health issues that are currently covered... M0rpheus Mar 2014 #6

Thanks and nope not yet. PumpkinAle Mar 2014 #13

It means that the Company is going to keep your premiums and pay your claims. Loudly Mar 2014 #4

It's a pretty common thing for companies with more than several hundred employees. Hoyt Mar 2014 #5

Years ago, my husband's employer was self-insured. Blue Diadem Mar 2014 #7

Thank you everyone for your answers PumpkinAle Mar 2014 #8

not pertinent to your post handmade34 Mar 2014 #11

Hmmmmmmmm beer PumpkinAle Mar 2014 #14

excellent brew handmade34 Mar 2014 #16

Lucky, lucky you PumpkinAle Mar 2014 #17

Some companies self insure and have done so well before the ACA. bluestate10 Mar 2014 #9

My employer does this Freddie Mar 2014 #12

Thanks - I do have one question PumpkinAle Mar 2014 #15

Most large employers use a third party administrator Freddie Apr 2014 #18

Thank you again PumpkinAle Apr 2014 #19