With a self-insurance program, an organization operates its own health plan rather than purchasing a plan from a carrier. Often, organizations can save with self-insurance since they do not need to pay the profit margin added to the premiums of fully insured plans.
In 1995, the Kingston Teachers’ Federation (KTF) began to explore self-insurance options during contract negotiations with the district. National Health Administrators supplied KTF with a comprehensive plan, including partnerships in major medical pre-certification, prescriptions, stop-loss insurance, and compliance. In addition, it supported KTF during difficult arbitration when the district’s funding position would not cover the full cost of the plan. With the assistance of National Health Administrators, KTF was able to implement high-quality health insurance as part of a competitive compensation package for its members.