Check out this short and interesting video to learn about something called Level Funded Premiums.
Important aspects of this type of plan:
- It can be used with self funded plans, ASO plans, even with as few as ten participating employees.
- It can be a very good option for businesses which do not incur many insurance claims.
- Monthly payments stay the same (level).
- If claims are less than the funded amount, employer can receive a rebate or credit
For more information on this and other innovative benefits programs, call 248-464-6544.