Augusta, Georgia, contemplates self-insurance

Health Insurance News

Self-insurance may be an option to mitigate health insurance costs Employer-sponsored health insurance costs are growing for workers in Augusta, Georgia, which is causing some concern within the Augusta Commission. In an effort to rein in on these costs, the Augusta Commission is planning to take up the practice of self-insurance. Self-insurance is a method of risk management through which funds are set aside to account for financial risks associated with a varied assortment of events. The Augusta Commission believes that self-insurance may be an effective means of mitigating the…

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Self-Insurance Institute of America takes aim at Michigan law that would establish a new Medicare tax

The Self-Insurance Institute of America (SIIA) is challenging a new law in Michigan that would impose a 1% tax on paid health insurance claims beginning January, 2012. According to the law, the money collected from the tax will go to the state’s Medicaid program. The program would use part of the money to help cover the cost of claims and administrative fees stemming from participating insurance companies. The tax would generate $400 million in annual revenue for the state, but the Self-Insurance Institute claims that it violates federal law. According…

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A.M. Best to sponsor Annual Self-Insurance Institute of America’s National Education Conference and Expo

A.M. Best Company, a credit rating and financial data and services company operating in the insurance industry, will be sponsoring the 31st Annual Self-Insurance Institute of America’s National Education Conference and Expo. The conference will be held between October 9 and 11 of this year in Phoenix, Arizona. The annual event attempts to broaden the knowledge of self-insurance within the insurance industry as a whole. This year, the event will be focused around the future of self-insurance and how the marketplace is being shaped by new trends. Self-insurance is a…

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