A level funded health plan (also known as a partially self-funded plan) is a type of health insurance plan that combines the cost savings and customization of self-funding with the financial safety and predictability of fully funded plans.
Level Funded plans are ideal for the following groups:
Level Funded Plan Highlights:
Plans are medically underwritten with employee medical questionnaires that are collected securely online when starting your plan.
The premiums are based upon the risk in the group and are set and level for the initial 12 months. We find that 8 out 10 groups that look at level funded start a plan.
Expected Claims Pool:
Approximately a third of your premiums go into an expected claims pool. If your group had low claims and money is left over in your claims pool then with most level funded carriers you are then eligible to get part of your unused claims pool.
Insurance products offered are based upon:
Available Insurance Carriers:
Core HR Services:
Our office provides clients with a complementary core HR services employee management benefits portal built for your company.
Included Base HR Services
You are also able to do the following
Full HR Package
Additional features are available to purchase include such as
Groups will have a fixed or level monthly monthly associated with funding of its member health coverage.
Groups medical plans underwritten by "A" rated reinsurance carriers.
Groups have access to preferred member pricing for the group health insurance plan.
Groups can select from a national or regional state specific network if available to use for their plan.
Minimum employee eligibility is 30 hours per week.
In most states a minimum of 2 non-related employees required to be eligible for benefits.
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