FAQs

In practical terms, self-insured employers pay for each out of pocket claim as they are incurred instead of paying a fixed premium to an insurance carrier. Typically, a self-insurance employer will set up a special trust fund to pay incurred claims.

The success of self insurance includes the proper administration of a company's benefits. Employers rely on third party administrators to deliver these services in a timely and accurate manner, while at the same time, providing courteous assistance to their employees.

EBA works with employers to design benefits that help companies control costs. Employers who have never offered health benefits may want to begin with basic coverage and add additional features as their company grows. Employers may also offer benefits identical to their existing plans or may consider new and innovative options. Our experienced staff can help structure an individualized plan that is tailored to match your budget and your employees' needs.