Small Group Health Insurance

A major part of ensuring your business and employees’ protection against unforeseen medical expenses involves selecting the right type of insurance plan. With the myriad of available insurance plans, this can often seem like a daunting task. This is where level-funded small group insurance comes into the picture.

Level-funded small group insurance serves as a flexible and stable option for businesses, allowing you to tailor your coverage to your specific requirements, while maintaining a consistent budget. Essentially, level-funded plans bridge the gap between traditional small group health insurance plans and self-funded plans, integrating the best of both worlds.

With level-funded plans, businesses pay a fixed amount each month. This amount includes the cost of administrative fees and claims funding. At the end of the year, if your employees’ claims are lower than what was funded, you may be eligible for a refund. On the other hand, if the claims exceed what was funded, the stop-loss insurance that’s typically included in level-funded plans protects you.

Additionally, level-funded plans often come with additional wellness programs and resources to support your employees’ health, potentially lowering healthcare costs in the long run.

By offering this hybrid solution, we are facilitating a way for you to enjoy the cost-saving advantages of self-funding without the risk associated with large claims. It represents a middle ground where your small business can reap significant benefits.

We invite you to reach out to us to discuss if a level-funded plan could be the right choice for your group. Let’s work together to design an insurance strategy that will best serve your business and your team.