What is this method of protection called

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Reference no: EM133655027

Problem: Kevin owns a mid-sized printing business with approximately 200 employees. Rather than pay high premium costs for commercial insurance, he decides to provide insurance benefits directly to his employees.You advise him that a major disadiantage to this type of plan is exposure to catastrophic loss and recommend that he acquires insurance to pay claims in excess of $5million. What is this method of protection called? a. A partially self-funded plan O b. Coinsurance coverage O c. Self investment insurance plan O d. Health repayment accountKevin owns a mid-sized printing business with approximately 200 employees. Rather than pay high premium costs for commercial insurance, he decides to provide insurance benefits directly to his employees.You advise him that a major disadiantage to this type of plan is exposure to catastrophic loss and recommend that he acquires insurance to pay claims in excess of $5million. What is this method of protection called?

Reference no: EM133655027

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