Employers and companies are not allowed to act as self-insurers.

Question

Quizplus · Accepted Answer

Employers and companies are allowed to act as self-insurers, depending on the state and industry they operate in. Self-insurance means that the employer assumes financial responsibility for providing healthcare coverage to their employees, rather than purchasing insurance from an external carrier. However, there are regulations and requirements that must be fulfilled in order to become a self-insured employer.

Employers and Companies Are Not Allowed to Act as Self-Insurers