BUSINESS HEALTH INSURANCE

Level-Funding ASO

When you use this great alternative to traditional, fully insured small group health plans for businesses with 5-99 employees, the insurance company structures a level monthly premium to the business, but then creates three separate buckets of money for example with that premium.  A portion of the premium goes to pay for the catastrophic (stop-loss) health insurance, a portion gets divided into an administrative bucket and the last portion into a claims bucket which allows the employer to pay claims out of their own funds.

Level-Funding ASO allows smaller businesses to take advantage of the benefits of a self-funded business health insurance plan by reducing the risk of breaking the budget due to a catastrophic claim.

Value Added Services for Small Group Plans

Providing a well rounded employee benefit program will help you attract top talent. According to a Glassdoor survey, nearly 60% of people report the benefits and perks being among their top considerations before accepting a new job.

Additional Valued Benefits

• Group Dental Insurance Group Dental Insurance is another popular plans benefit, although not required by law, still greatly appreciated by employees.  There are three different dental plans you might offer — a fully-funded employer plan, a partially-funded employer plan, or a fully-funded employee plan (in which the employee pays the entire cost, but the employer covers administrative costs and payroll deductions).
• Group Life Insurance Group Life Insurance is an often overlooked benefit, yet greatly needed since it might be the only life insurance your employees own. You might offer the employee’s salary, in full, as part of your life insurance policy, or offer to pay part of the full cost and ask the employee to pay the rest if the employee wants to participate.
• Group Vision Insurance Group Vision Insurance helps to keep your employees vision healthy so they can keep  helping your business efficient.
• Short Term Disability Short-term group insurance provides weekly benefits for employees who are totally or partially disabled by a covered injury, illness, pregnancy or mental disorder. Typically short-term disability insurance is cost prohibitive to an individual.
• Long Term Disability Group Long Term Disability Insurance is designed to pay a monthly benefit to you in the event you cannot work because of a covered illness or injury. This benefit replaces a portion of your income, helping you to meet your financial commitments in a time of need.
• Group Medicare plans Group Medicare plans are health insurance plans that employers and plan sponsors can customize for retirees. Group Medicare plans often can provide benefits like vision, dental and hearing coverage not included with Original Medicare (Medicare Part A and B).