Which of the following is true of self-insured plans?

Question

Quizplus · Accepted Answer

A) Self-insured plans are regulated by ERISA, which sets standards for the management, reporting, and disclosure of employee benefit plans. 
B) Self-insured plans often use third-party administrators to manage the plan and process claims on behalf of the employer. 
C) Self-insured plans assume the financial risk of providing benefits for their employees, rather than transferring that risk to an insurance company. 
D) Self-insured plans are exempt from some state insurance regulations, but they still must comply with federal laws and regulations. Therefore, all of the statements are true for self-insured plans.

Which of the Following Is True of Self-Insured Plans