Self-Insured Health Associations, Trusts and MEWAs

The Actuary’s Key Roles.

 Self-Insured Associations offering health benefits serve an honorable purpose. They offer “fully insured” equivalent health insurance to similarly aligned groups. In my experience, I have found the two primary key objectives that an actuary can focus on when working with these associations:

• Assist the organization in offering quality insurance, that aligns with the vision and mission of the organization. In doing so, work to offer in the most affordable way that does not impede on the vision and mission.
• Apply actuarial and risk mitigation strategies that strive to qualify the organization as a financially strong entity that can pay expenses and is ready to handle adverse experiences.

 Actuarial services encompass a wide range of tasks that can vary from organization to organization based on their needs. I’ll dive into those throughout the year.

 Here’s to a new year and wishing health accompanied with quality insurance.

“Articles written by me are intended for educational purposes only and do not replace independent professional judgment. Statements are mine individually and, unless expressly stated to the contrary, are not the opinion or position of L&E, the Society of Actuaries, its cosponsors or its committees.”