Self-insurance

An Attractive Solution

Industrial engineer -Hero

Assuming the Risk

With a self-insured plan, the employer’s costs include claims, insurance taxes, administrative fees, the insurer’s risk and profit charges, as well as a provision for possible claim increases (inflation and higher usage).

Taking a Calculated Risk

Reimbursed claims reflect the group’s actual experience, which is often more favourable than the inflation assumption used by the insurer.

The business takes on all medical, dental and weekly indemnity claims, while the risks of other benefits (life, accidental death and dismemberment and long-term disability) are taken on by one or more insurers.

Bureau femme -Centre

Limiting Cost Fluctuations

To limit cost fluctuations, AGA’s team of experts applies three key measures :

  1. Calculating level monthly discounts
  2. Pooling claims above a pre-determined threshold by purchasing stop-loss insurance
  3. Creating quarterly experience reports to better monitor the plan’s financial developments

How Do You Know if Self-Insurance Is Right for You?

By gathering information about your current plan, we can establish a projection for you, so you can make an informed decision about the financing method that’s best suited to your situation.

Contact us now to learn more about self-insurance or ask for a quote!

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