He said his firm is financially solid enough to bear the risk of self-insurance.
The trouble is that standby generators are not a very compelling form of self-insurance.
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The self-insurance against financial fragility is part of a more general bent towards precautionary saving in the developing world.
But strategies like self-insurance would tend to most benefit employers with younger, healthier workers who have lower costs, such as Serenic Corp.
As a form of self-insurance, they are almost always either overpriced (because the grid rarely goes down) or ineffective (because the grid frequently goes down).
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Lawmakers in California and Rhode Island are considering bills that would impose new rules on such coverage when offered to small employers, who otherwise would find self-insurance too risky.
"We think it would be unlikely that there'd be a significant change in the volume of" self-insurance for small firms, said one official with the Department of Health and Human Services.
Still, self-insurance by small companies "is growing because of its ability to circumvent some of the" federal health law's provisions, said Tanji Northrup, assistant insurance commissioner in the Utah Insurance Department.
Humana also plans to offer self-insurance to companies enrolling as few as 26 workers in some markets where it previously restricted such services to larger companies, according to an email from a Humana sales executive to a broker.
The Obama administration also saw the passage of the Small Business Job Act, which provided additional small business tax cuts, zero capital gain taxes on important small business investments held for five years or more, deduction for self-employed health insurance costs and increased access to lending for small business owners.
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If self-regulation worked then presumably money managers, insurance companies and banks would be similarly self-regulated.
Insurance exchanges were setup simply to create large insurance pools so those working at small bushiness or self-employed could still buy insurance at large group rates, and their plans became portable.
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Nobody pays more than small businesses and individuals who are self-employed in the insurance market, because they've got no leverage.
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Financial planner Modly says HSAs make sense for small companies trying to contain health insurance costs, for self-employed people and for those whose employers offer no health insurance.
Is the brokerage industry so uniquely trustworthy that it should be allowed to self-police when banks, insurance companies and others are not so allowed?
Self-Employment Assistance provides Unemployment Insurance recipients interested in starting a business with financial assistance, critical entrepreneurial training and resources to get those businesses off the ground.
However, they offer a unique service that aligns powerfully with the interests of anyone who is actually paying the medical care costs (read self-insured employer, health insurance company, union, government, etc).
Encourage health coverage to be purchased like other insurance--independent of the workplace, and directly by individuals themselves--by making the tax treatment of health insurance equal for employees and the self-employed.
The Federal Deposit Insurance Corporation was thought to be self-funded by the institutions whose deposits they insure, but they, too, underpriced the insurance by taking a backward-looking approach to funding.
We heard from Myrna Rodriguez Previte, a breast cancer survivor who struggled to get health insurance as a self-employed real estate broker.
Dawn is self-employed, so she buys insurance on the individual market.
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Given that a large number of corporations are already self-insured and only use health insurance companies to administer their programs, it is not difficult to see how these companies could move to a system where they simply pay the ACO directly rather than use the insurance company as an intermediary.
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Under the changes, a self-employed worker who contributes to the social security system in one EU country, and then moves to another member state that does not have unemployment insurance for the self-employed will be able to claim unemployment benefit from the country where the worker was last based before becoming unemployed.
Republicans want tax breaks, including complete deductibility for health insurance bought by the self-employed.
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Because Chris Ertl is self-employed, he has to buy insurance on his own, from a for-profit insurance company.
Congress found that those who do not purchase health insurance, and instead self-insure, almost inevitably take health care services they cannot afford.
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Earlier efforts to come to an accommodation with religious groups had run into problems because many large employers, including big Catholic institutions, self-insure, meaning they act as insurance companies by assuming the full responsibility for the health costs of their workers and use traditional insurance companies only for administrative services.
Officials in several states are seeking to stem the strategy by limiting so-called stop-loss insurance, which covers unexpected, large health-care bills for self-insured companies.
Once single again, long-term care insurance may need to be considered for those who are unable to self-insure that expense.
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