What Is Self Insurance?

Self Insurance

What Is Self Insurance?

Unfortunately, insurance costs are continually rising, and it may not be economically feasible to offer high-quality insurance with a low deductible. This is one of the circumstances where self insuring comes into play.

What Is Self Insurance?

Self insurance is where a company or business does not pay an insurance company to cover their employees. Instead, they assume the risk for their employees. They pay the medical claims for their employees, particularly worker’s compensation claims. There are advantages and disadvantages to self insuring.


One of the main benefits of self insuring is that it allows employers to save money over the long term. It also leaves insurance control in the company’s hands and gives the company a better understanding of where their healthcare dollars go. This helps the company implement safety programs to help reduce their injury costs.


There are some obvious drawbacks to self insuring. The savings from it take a long time to realize, and the company has a higher level of risk than they would if they were fully insured. Although there is stop-loss protection, there is still quite a bit of financial responsibility that the company has.

Although self insuring may seem like the way to go, particularly if you have high worker’s compensation premiums, it can be risky for large businesses. It is a decision that the company must weigh the benefits and drawbacks very carefully before deciding to do it.

Allied Health Professionals

Understanding Allied Health Professionals

The world of healthcare continues to grow and develop based on the needs of its clients and everchanging science and technologies. Allied Health Professionals are only a small part of the overall healthcare system, but they play a large role that is expected to continue growing in the following years. Here’s everything you need to know about these kinds of professionals and what they do.

What Are Allied Health Professionals?

These professionals can work in all kinds of medical fields. Their services are offered in hospitals, home-care, and private practices. They work to identify diseases, including studying ways to prevent them, as well as providing diet-related and rehabilitation services.

Who Qualifies as a Professional?

Allied Health Professionals most often include technicians and therapists. A technician (like an assistant) works under therapists or technologists and can assist in most medical fields. Therapists and technologists may work in anything from athletic training and cardiovascular work to physical therapy and dental work.

What Are Fields for Professionals?

Examples of Allied Health Professionals include dietitians, dental hygienists, physical therapists, occupational therapists, and orthoptists. With so many more people seeking the needs of these professionals, jobs are anticipated to continuing to open for those interested in getting their education and degree in one of these fields.