Self-insurance plans can provide several advantages for companies with stable cash flows and a pattern of predictable claims. The employer assumes full risk for employee claims but can use all plan funds until claims are paid.

Because of the large number of clients and claims handled by insurance companies, these agencies often enlist the help of reporting services. Insurance reporting services are similar to credit reporting services in that they provide various information about a client to his or her insurance company.

Self-insurance is an alternative to conventional group health insurance plans. With a self-insurance plan, the employer assumes full risk for employee claims and can use all plan funds until claims are paid.

Traditionally, the procedure for filing an insurance claim has often been a lengthy and confusing process. You are usually required to obtain several estimates, fill out many forms, and submit and keep track of your claim.

Underwriting is the process by which insurers determine if they will accept an application for insurance. When an individual application is under consideration, medical factors usually govern whether or not the application is accepted or rejected.

A Third-Party Administrator, or T.P.A., is a person or company which handles the administration of group plans, including premium accounting, maintaining lists of employee eligibility, and claims.

The key to successful employee insurance plan installation is complete and thorough preparation. An essential element is the active support of the employer and the use of key personnel in securing the signed employee enrollment cards.

Reinsurance (ree-in-SHUR-ence) is a method used by an insurance company in order to reduce its liability for a policyholder. This method consists of transferring part of the policyholder's coverage to another insurance company.