As an employee benefits advisor, you understand the importance of offering your clients cost-effective healthcare options that don't compromise on quality. With traditional health insurance plans becoming increasingly expensive and complex, businesses of all sizes are searching for a better solution. That's where level funded health insurance plans come in.

At its core, a level funded health insurance plan is a self-funded health insurance plan with built-in stop-loss protection. Essentially, the employer funds a specific level of their employees' healthcare expenses each month, and any expenses that exceed that level are covered by the stop-loss insurance. This structure allows for predictable monthly premiums and can result in significant savings on healthcare costs.

There are several ways level funded health insurance plans can benefit your clients:

Customizable Options: One of the main benefits of level funded health insurance plans is their flexibility. Employers can customize their coverage options based on the unique needs of their business and employees. This means they can choose the benefits that matter most to their employees while also controlling their healthcare costs.

Built-In Stop-Loss Protection: Unlike traditional self-funded health insurance plans, level funded plans include built-in stop-loss protection. This means that even if unexpected healthcare expenses arise, the employer won't be left with a large, unmanageable bill. Instead, the stop-loss insurance will kick in and cover expenses once the group has met their obligation.

Predictable Monthly Premiums: With level funded health insurance plans, employers pay a fixed amount each month. This predictability allows for better budgeting and can help businesses avoid the surprise expenses that often come with traditional self funded health insurance plans.

Potential Savings: Perhaps the most significant benefit of level funded health insurance plans is their potential for cost savings. By controlling their healthcare expenses and choosing coverage options that make the most sense for their employees, businesses can save significant amounts on healthcare costs compared to traditional health insurance plans.

As an employee benefits advisor, it's your job to provide your clients with the best healthcare options available. By offering level funded health insurance plans, you can help them save money while also providing comprehensive coverage options that meet their employees' needs. So why not start the conversation today? 

Let's talk more about how level funded health insurance plans can benefit you and your clients; contact us at support@carepathbenefits.com or 1-888-750-0953.