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What is a Level-Funded Plan

A level-funded plan, sometimes simply referred to by its acronym LFP, is a healthcare solution that lies somewhere between an employer’s fully insured model and a self-funded plan provided by the insurance carrier. A level-funded plan combines the cost savings and ability to customize your insurance plan commonly associated with self-funded

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What is a Health Care Sharing Ministry (HCSM)

WEBA health care sharing ministry is an alternative to traditional group health insurance and other types of insurance plans. An HCSM creates an opportunity for …

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Partially Self-Funded Plans: How to Save Costs on Benefits Programs

WEBA partially self-funded MERP can be bundled with a group health plan that comes with a high deductible. The highest-deductible plan allows you to reduce fixed …

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Level-Funded vs Self-Funded Health Plans KBI Benefits

WEBSELF FUNDING PROS. Due to the similarities between these two types of plans, the number of advantages might not be many, but level-funding has substantial …

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What is a Limited Benefit Health Insurance Plan

WEBA limited health plan can help offset the deductible in some instances, depending on what the limited plan covers. Though not intended as a replacement for …

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Small Business Association Health Insurance 101 KBI Benefits

WEBBased on the 2020 Large Employers’ Health Care Strategy and Plan Design Survey, which studied 147 large, self-insured global and multi-state employers that …

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What Is Included in an Employee Benefit Package

WEBAn employee benefits package includes all the perks and benefits provided when working for a company outside of an employee's wages and salary. Some …

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How Many Employees Do You Need to Qualify for Group Insurance

WEBAt least two employees are required to enroll in group health coverage. One “employee” can be the owner or employer. The second employee cannot be another …

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Captive & Consortium Health Plans: How to Save Costs on Benefits

WEBBoth plans can reduce costs by up to 25%-40% while improving benefits. While there is a risk of a difficult claims year, the risk is much lower since it is spread …

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HMO vs PPO Insurance Plans: What’s the Difference

WEBThe downside is that HMOs provide less flexibility for employees than the other types of group health plans available, including PPOs. PPOs offer more flexibility …

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What is Stop-Loss Insurance

WEBStop-loss insurance reimburses employers for claims that exceed a predetermined limit. Essentially, they protect against the financial risk involved in self …

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What Is a Comprehensive Benefits Package

WEBTo attract and retain top talent, businesses of all sizes must consider offering the best in comprehensive benefits packages. A comprehensive benefits …

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Do Temporary Employees Get Benefits

WEBIn many instances, if they meet the 30-hour-per-week threshold, temporary full-time employees are eligible for the same benefits as regular full-time employees. …

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What Is First Dollar Coverage

WEBNov 29, 2022. First dollar coverage is a type of insurance coverage that pays out and protects policyholders from day one or with the very “first dollar” billed. With these types …

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California Mandates on the Flexible Spending Account (FSA)

WEBA health care flexible spending account is a self-insured welfare benefit available under the Employee Retirement Income Security Act (ERISA). A health care …

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MLR Rebates: How Employers Should Handle Them KBI

WEBThe carrier is responsible for letting you know the amount. Rebates to an enrollee that are less than $20 per subscriber do not need to be issued by the carrier. …

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How to Correctly Enact an "Actively-At-Work" Clause

WEBDec 13, 2022. Many employer-sponsored group insurance plans include Actively-At-Work provisions. These provisions are included to help insurance carriers avoid the …

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Average Mid-Sized Business Benefits Package Options

WEBAverage Mid-Sized Business Benefits Package Options. Mar 18, 2022. It might be true that mid-sized employers have more revenue than smaller …

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