Level funded plans are a great choice for employers with as little as 10 employees. The plans have predictable costs that a self or partially self funded plans do not offer. These plans are underwritten and therefore attractive to healthier groups and can result in significant savings over traditional full coverage plans
Level Funded
Level Funded
Companies with as few as 10 employees can benefit from the costs savings associated with underwritten level funded plans.
Based on the census provided we can determine the monthly costs. The costs are typically split in three parts; Our administration fee, claim allowance and stop loss premium.
Why Level Fund Plan Is Right For You
An employer covering a membership pool has a healthier pool, they can save health care expense by opting for a level funded plan.
- Predictable monthly costs
- Stop loss for catastrophic situations
- Controlled claim costs with our adjudication
- Claim cost refunded if costs are overfunded
- Option to roll back to traditional small group plan if claims experience is negative.
Three Components For Level Funded Plans
- Claim Costs
- Administration Costs
- Stop Loss Premium
Frequently Asked Questions (FAQs)
Employers with as few as 10 employees can use a level funded plan.
A stop loss insurance prevents catastrophic claims from disrupting your plan and claim costs.
Yes, full coverage to minimum essential coverage can be offered via a level funded plan.