Nevada Preferred Healthcare Providers (Nevada Preferred), the only Nevada-based, independent statewide PPO network is the result of a partnership between Catholic Healthcare West and Universal Health Services, Inc., who joined their Nevada medical PPO network businesses August 1, 2009. Nevada Preferred now owns and manages the well-known networks of:
Fully Insured and Self-Funded Plans
Fully Insured Plans
A health plan is fully insured when it is purchased from an insurance carrier or other underwriter that assumes full risk for the cost of medical expenses.
Self-Funded Plans
An employer group is self-funded or partially self-funded when it assumes risk for the cost of medical expenses.
When should an employer be self-funded?
Some of the tangible advantages for being self-funded include: