SIBA

SIBA, or the Self-Insurance Benefits Administration, is a system that helps organizations manage their self-insured employee benefit plans. Instead of buying insurance from a third party, the organization funds and administers its own health, dental, or other benefits. SIBA provides tools for tracking employee coverage, managing claims, and ensuring regulatory compliance. It offers control over benefit costs and plan design, and often includes technology solutions to streamline processes. Essentially, SIBA empowers organizations to oversee their benefits internally, combining financial responsibility with administrative oversight.