Level funded health plans have captured the interest of businesses of all sizes due to some of their unique advantages. These plans offer stability by allowing employers to set aside a fixed amount each month to cover expected claims. This predictability enables businesses to budget more effectively and mitigate the risk of unforeseen spikes in health care costs. Additionally, level funded plans provide flexibility, allowing employers to customize coverage options to suit their workforce's specific needs. This level of control is particularly appealing to small to mid-sized businesses seeking tailored benefit solutions.

Cost savings are a significant driver behind the adoption of level funded health plans. Unlike traditional fully-insured plans, where employers pay a set premium regardless of claims experience, level funded plans offer the potential for substantial savings, even refunds in the case of surplus claims funds. Employers are only responsible for the actual claims incurred by their employees, with any surplus funds at the end of the plan year often returned to the employer.  Furthermore, level funded plans frequently incorporate high-deductible health plans (HDHPs), which can lower premiums while still providing coverage for catastrophic events.

It's important to note that not all level funding options are created equal. When considering level funded health plans, it's crucial to work with a reputable insurance provider or broker who understands the intricacies of these plans. Factors such as claims management, stop-loss coverage, and network access can vary among different providers. Evaluating these factors is essential to ensure the plan meets your clients' specific needs. By partnering with a knowledgeable expert, you can navigate the nuances of level funding and identify the right plan for your clients.

Level funded health plans offer stability, flexibility, and cost savings, making them an attractive option for small to mid-sized businesses. By understanding the appeal of these plans, you can empower your clients to make informed decisions about their employee benefits. Remember that not all level funding options are the same, and working with a trusted insurance provider or broker can help you navigate the complexities and find the best-fit solution.

If you're interested in learning more about how our level funded plans can help you provide the best healthcare benefits to your clients, then please don't hesitate to contact us today. We would be happy to answer any questions you may have and provide you with more information about our plans.  You can connect with us today at support@carepathbenefits.com or 1-888-750-0953.