Group Level-Funded Plans are available as Co-Pay or High Deductible Health Plan Options.
Co-Pay plans require the insured to pay a flat fee for certain medical expenses and the plan will pay the balance. Plans may include different copay amounts for primary provider office visits, specialist office visits, urgent care, emergency care, and prescriptions.
High Deductible Health Plans (HDHP) feature a high deductible with a limit on annual out of pocket expenses. This type of plan is typically coupled with a HSA (Health Savings Account). HSA is an account established to save money toward medical expenses on a tax-free basis. In order to have an HSA you must have a High Deductible Health Plan. Final Rates are subject to Underwriting.
Group-Level Funded Plans offer the security of a fully insured plan with the advantages of a self-funded plan:
1. Monthly premiums are based on projected claim liability.
2. Stop-Loss protection for claims that exceed the agreed upon claims funding.
3. The opportunity to potentially earn back any surplus claim funds at the end of your policy year.
Rely on the experience and expertise of our Health & Benefits team to guide you through the options.