Level Self-Funding is a cost effective health plan funding solution that allows companies to pay a predictable, fixed cost, with a built in stop-loss insurance. There are several advantages to the plan, specifically a lower monthly cost, the potential for a return of premiums, and the ability to charge at a “tiered rate” – that is, employee, employee/spouse, employee/child, and family. Prior to the passage of the ACA, this tiered rating model helped business owners simplify accounting, as the employee cost is the same for everyone, regardless of their age - no more age-banding hassle.
At FocusHRO, we discuss this option with every practice with whom we meet, explain the plan in full detail, and help you determine if is a good fit. To learn more or to get a quote, please follow the link below to set up a meeting.