Rising healthcare expenses are a significant concern for small businesses across the United States. Balancing the need to provide quality health benefits for employees while keeping costs manageable is a challenge that many business owners face year after year. In recent years, an increasing number of organizations have searched for alternative insurance options that offer cost savings, flexibility, and transparency. One solution that has gained traction among small to mid-sized employers is Level Funded insurance, a model designed to blend the best features of traditional group health insurance and self-funded plans. What Are Level Funded Insurance Solutions? Level-funded insurance plans are a hybrid approach to health coverage. They combine the predictability of a fully insured plan with the cost-saving potential of self-funding. Here’s how they work in practice: • Fixed Monthly Payments: Employers pay a set monthly amount, which covers estimated claims, administrative fees, and stop-loss insurance (protection against large, unexpected claims). • Claims Management: If actual claims are lower than projected, the business may receive a refund or credit at the end of the year. If claims are higher, stop-loss coverage limits the employer’s financial risk. • Transparency: Employers gain greater visibility into how healthcare dollars are spent, which can inform plan decisions and wellness initiatives. This structure offers small businesses more control over their health benefit costs while maintaining the stability of predictable monthly expenses. Key Advantages for Small Businesses For small business owners, the benefits of level-funded insurance solutions can be substantial. Some of the most notable advantages include: • Cost Savings: By only paying for actual claims (within set limits), businesses can avoid overpaying for unused coverage. Potential refunds further incentivize cost-conscious health management. • Customization: Plans can be tailored to the specific needs of the workforce, allowing employers to...