Benefits of Self-Insurance
- Self-insured companies can form their own medical care networks for their employees to provide high quality care.
- Employers can control and mitigate their own risk associated with worker injuries.
- Medical costs and insurance bureaucracy costs and fees are all reduced through self insurance. Return-to-work rates are improved.
- Self insurance leads to better health outcomes as the treating physicians, workers and employers are more familiar with job-related injuries and the best treatment options based on each own company’s experiences.
- Self insurance produces higher satisfaction rates among employees and employers regarding the workers’ compensation process on several levels including recovery of physical health, access and satisfaction of care, and lower costs to the employer.
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