Employers who self-fund can use a Third-Party Administrator (TPA) to pay employee health care expenses as they come in. This change in a business’s benefit plan design can sometimes reduce client expenses as compared to traditional health insurance.
A Level Funded Premium program offers the benefits of a self-funding solution with the predictable costs of an insured plan. Level funding can be especially beneficial for employers with 25+ healthy employees interested in wellness and engagement.
Enhanced cash management and increased flexibility are two reasons employers often switch from fully insured benefits to Self-Funding or Level Funding. We work with multiple TPAs and insurers that can tailor a program to your clients’ specific needs.