Self-Insured Group Health Plans for Employees

Serving the greater LA County Area: Pasadena, Los Angeles, San Bernardino, Long Bech, & Riverside, CA

Navigating the world of employee benefits can be overwhelming, especially if you’re striving to be a top employer. With evolving needs and a dynamic workforce, finding the right benefit for your employees becomes paramount. At Employee Retention Benefits, Inc. (ERB), we've identified an often-overlooked cornerstone in employee benefits: Self-Insured Group Health Plans.

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Frequently Asked Questions

A Self-Insured Group Health Plan (often referred to as a Self-Funded plan) is where the employer takes on the financial risk associated with providing health care benefits to its employees. Instead of paying fixed premiums to an insurance company, the employer pays for medical claims out of its own pocket as they are incurred. By doing so, companies can tailor health benefits to fit the specific needs of their workforce, offering greater flexibility and potential cost savings.

Unlike traditional insurance, where fixed premiums are paid to an insurance provider, in a Self-Insured model, the employer sets aside funds to cover anticipated health claims. The employer carries the risk, but it also means the potential for savings if claims are lower than anticipated. Plus, it offers a level of transparency often missing in conventional insurance models.

  • Cost Savings: If claims are less than anticipated, the employer retains the savings rather than an insurance company.
  • Flexibility: Employers have the ability to customize their health plan to cater to the unique needs of their employees.
  • Transparency: Direct insight into claim data can lead to better decision-making and a more informed approach to healthcare management.
  • Cash Flow Advantage: Employers deposit funds for claims in their own accounts, which can earn interest until needed.

While Self-Insured plans offer many advantages, they may not be the best fit for every business. Companies need to evaluate their financial stability, employee health demographics, and risk tolerance. Working with experienced professionals, like those at ERB, can help determine if this approach aligns with your company's objectives.

Employee Retention Benefits doesn't just stop at Self-Insured Group Health Plans. Our expansive portfolio includes medical and dental insurance, robust financial programs like 401(k)s and pension plans, efficient payroll solutions, adept human resources support, streamlined expense management services, and comprehensive enrollment solutions. With over five decades in the industry and partnerships with 120+ carriers, ERB remains at the forefront of innovative employee benefits.


If your organization is located in or around the Los Angeles County, including but not limited to areas like Pasadena, Los Angeles, Riverside, Long Beach, and San Bernardino, CA, consider ERB your go-to for all employee benefit solutions. Our mission is not to provide a generic approach but to design a plan tailored for each client. Every organization is unique, and so should its benefits. Let's collaborate and design a future where your employees feel valued every day.