What is a Level-funded plan?
Do you pay a lot of money for group medical for your company but it never seems to get used?
How would you like to possibly get some of that money back at the end of the year?
Here's how. A level-funded plan puts some of your premiums in a claims fund. If there are little or no claims during the year, you get some or all of that money back! Halfway through the year, one of my small companies is looking at over $4000 back.
Let's be honest, that can get erased by health problems before the end of the year, but they will not pay any extra and might possibly get some back!
These plans are Affordable Care Act compliant. That said, there are a few more steps and more information required to enroll.
I'd be glad to tell you more about these plans!