At Renee Jackson Insurance Agency, we’re always looking for innovative ways to serve our clients better. Starting May 1, 2025, we’re excited to introduce Level-Funded Group Healthcare Plans—a flexible, cost-effective solution designed to meet the unique needs of small to mid-sized businesses.
What Are Level-Funded Health Plans?
Level-funded health plans blend the predictability of fully insured plans with the potential savings of self-funded arrangements. Employers pay a fixed monthly amount that covers anticipated claims, administrative fees, and stop-loss insurance. If actual claims are lower than expected, employers may receive a refund of the surplus funds at the end of the plan year citeturn0search2.
Why Consider Level-Funded Plans?
1. Cost Savings Potential
Level-funded plans often result in lower premiums compared to traditional fully insured plans. Employers can save money upfront and potentially receive a refund if claims are lower than anticipated citeturn0search4.
2. Predictable Monthly Payments
With fixed monthly payments, budgeting becomes more straightforward, allowing businesses to manage their finances more effectively citeturn0search2.
3. Access to Claims Data
Employers gain valuable insights into their healthcare spending, enabling them to make informed decisions about plan design and wellness initiatives citeturn0search2.
4. Customizable Plan Designs
Level-funded plans offer flexibility in designing benefits that align with your employees’ needs, including options for wellness programs and telemedicine services citeturn0search16.
Is a Level-Funded Plan Right for Your Business?
Level-funded plans are particularly beneficial for:
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Small to mid-sized businesses seeking cost-effective health benefits.
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Companies with a relatively healthy workforce.
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Employers are looking for more control over their healthcare spending.
However, it’s essential to consider factors such as employee demographics and risk tolerance. While stop-loss insurance provides protection against high claims, employers should assess whether this model aligns with their financial goals and employee needs citeturn0search8.
A Message from Renee Jackson
“We’ve always been committed to providing our clients with the best insurance solutions tailored to their unique needs. By offering Level-Funded Group Healthcare Plans, we’re empowering businesses to take control of their healthcare costs while providing quality benefits to their employees. It’s about creating sustainable, flexible options that work for today’s dynamic business environment.”
Get Started Today
Interested in exploring how a Level-Funded Health Plan can benefit your business? Contact us today to learn more and receive a personalized consultation.
Call: 859-317-221
Email: renee@reneejacksoninsuranceagency.com
Visit: reneejacksoninsuranceagency.com
At Renee Jackson Insurance Agency, we’re here to help you navigate the complexities of employee benefits with confidence and clarity.
