How do employer-sponsored, self-funded plans differ from fully insured plans in terms of risk and data access?

• A. In self-funded plans, employers assume the financial risk and typically own claims data; fully insured plans transfer risk to the insurer but may have limited data access for the employer.
• B. Self-funded plans delegate all risk to insurers and share all data with them.
• C. Fully insured plans always provide unrestricted access to all claims data.
• D. There is no difference between self-funded and fully insured in terms of risk.

Answer: (A)