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Self Insurance Refers to the Practice of Setting Aside Funds

Question 3

Multiple Choice

Self insurance refers to the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance company.Approximately, _______ of all employees who participate in group insurance plans work for firms that self-insure.


A) one-fourth
B) one-third
C) one-half
D) two-thirds
E) three-fourths

Correct Answer:

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