Self-insurance refers to: the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance company. Approximately, _______ of all employees who participate in group insurance plans work for firms that self-insure.
A) starting one's own insurance company
B) buying insurance from a not for profit entity
C) setting aside fund to pay for medical care expenses instead of buying insurance
D) none of these
E) both a and b
Correct Answer:
Verified
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