Is self-insured fully-insured?

Is self-insured fully-insured?

Both “full-insured” and “self-insured” relate to the funding of medical claims made by the plan’s participants. “Self-insured” is the traditional model of funding where a third-party insurance company takes on the financial risk of paying for medical claims in exchange for premiums paid to it.

See also  What is the difference between policy owner and insured?