A self-insurance pool is best defined as a:
A) policy in which individual employees are exclusively responsible for their insurance.
B) group of companies who jointly hire an administrator to organize insurance functions.
C) policy offered by insurance companies that allows employees to choose their own benefits.
D) group of individual employees who shop for the most cost-effective health insurance.

Question

Quizplus · Accepted Answer

A self-insurance pool is a group of companies that come together to share resources and jointly bear the risk of providing insurance to their employees. They hire an administrator to organize insurance functions, such as claims processing and negotiating rates with healthcare providers. This allows the companies to have more control over their healthcare costs and tailor benefits to their specific workforce.

A Self-Insurance Pool Is Best Defined as A