When it comes to self-funding, a lot of people wrongly assume that it’s an all or nothing scenario. More they worry that level funding will end up being more expensive. But with level funding, you can partially self insure: with monthly payments, you can budget for expected and unforeseen expenses.
For years, big companies have enjoyed the benefits of level funded health plans, but small and mid-sized businesses can take advantage of them, too. With integrated stop-loss insurance, level funded health plans can help mitigate your risk as an employer in the event that an employee incurs hefty health care expenses (such as a cancer treatment, or treatment as a result of a car accident). Plus, with level funded health plans, you can actually save money on taxes. Allay can help you customize the right health plan for your team, based on your team’s demographics and health history. Find out how.