Nebraska Statutes 13-1613. Self-funding or self-funded, defined
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Self-funding or self-funded shall mean assumption of primary liability or responsibility for certain risks or benefits rather than transferring the liability or responsibility to some other entity and may include the deductible portion when a plan sponsor assumes some or all of the risk for the deductible of an insured plan.
Terms Used In Nebraska Statutes 13-1613
- Plan sponsor: shall mean any political subdivision providing an employee benefit plan. See Nebraska Statutes 13-1611
- Self-funding or self-funded shall mean assumption of primary liability or responsibility for certain risks or benefits rather than transferring the liability or responsibility to some other entity and: include the deductible portion when a plan sponsor assumes some or all of the risk for the deductible of an insured plan. See Nebraska Statutes 13-1613