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Unformatted text preview: period for new employees. During the time of open enrollment employees are able to choose a certain plan for the following year. This particular plan does not contain any third party administrators; there are a various amount of premiums and deductibles to choose from, however self-funded plans are generally higher risk. In self-funded health plans, in order to save some money, cost control strategies are created. In this setting, open enrollment does not take place and staff is not eligible to purchase riders. However, third parties often handle some parts of managing the insurance. Both types of plans are not eligible for transfer from job to job. In both plans, there are numerous provider networks such as HMO, PPO and POS....
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- Spring '11