Are you a self-insured organization? If so, how do you handle employer subsidized health premiums?

We are on PeopleSoft HCM v9.2, PT version 8.59, soon to be 8.60.

Our organization is self-insured meaning that we collect health insurance premiums from our employees but pay any claims ourself using third-party entities.  This means that the true health expense for the organization should only be the amount of actual claims filed. We have a mechanism in place already to record on the GL in FMS those actual claim expenses and payments.

 The issue is that our current configuration in HCM generates an employer-paid expense (and liability offset) for the premium amount the organization subsidizes through the payroll process. That is recording an extra expense for the organization that we do not want. We are looking for a mechanism in HCM to not generate an employer-paid expense for this when processing payroll.