Employee Benefits

Level Funded Health Plans

June 9, 2024|

Level funded health plans are partially self funded plans where the monthly premiums are used to pay claims. If the claims exceed the premium, the insurance will kick in and pay the rest of the claims. These plans work just like fully insured plans but they can save a business up to 35% . And, at the end of the year if there are premium dollars left in the account, half of the leftover amount is refunded to the business in the form of a credit. although these plans do not work for every group, it is worth exploring as [...]

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