A self funded plan is a product the does not offer the insured the traditional first dollar coverage from an insurance carrier. The employer bears the risk of all claims with a stop loss per person as well as an aggregate stop loss for the corporation. Most plans come with a very high deductible or sometimes called catastrophic plans. A corporation can then build a customized plan design inside the deductible for their employees. These plans are usually reserved for companies with over 250 employees.
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